ONEOK, Inc. · OKE · Next earnings

ONEOK, Inc. reports Tuesday, Oct 27, 2026

OKE reports after market close with consensus EPS at $1.45 and revenue at $10.52B. Last quarter: ONEOK Raises 2026 Guidance on Strong Q1 Volumes and AI-Powered Demand Outlook

Reports After market close37 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $1.45 Calendar consensus
Consensus revenue $10.52B Calendar consensus
Report date Oct 27, 2026 Tuesday, date estimated
Session After market close 37 days away

Where OKE left off: FY2026 Q1

Full report

ONEOK Raises 2026 Guidance on Strong Q1 Volumes and AI-Powered Demand Outlook

EPS surprise -5.4% Reported $1.23 vs $1.30
Revenue surprise +16.8% Reported $9.62B vs $8.23B
Stock move -0.5% Event window
Subsequent drift -2.6% Up to 20 sessions

Guidance was raised from the prior quarter's $8.1B adjusted EBITDA target for 2026. The prior quarter maintained guidance; this quarter's raise reflects Q1 volume outperformance and improved market conditions. Capex outlook shifted from decreasing to stable, with the $2.7-$3.2B range maintained.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Winter storm impacts on wellhead freeze-offs and potential operational disruptions
  • Commodity price volatility and reliance on hedging to protect margins
  • Regulatory constraints including FERC rate changes and EPA RVP waiver limitations
  • Execution risk on large capital projects and maintaining disciplined capex

Questions analysts left open

  • Granularity of the $150M guidance uplift and how much is realized in Q1
  • Extent of hedge coverage for 2027 commodity exposure
  • Capital allocation priorities after debt repayment and potential buybacks
  • Upstream activity outlook, rig deployment, and producer behavior
  • Utilization and contract renewal prospects for LPG and crude export docks

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Recent OKE quarters

All OKE earnings
-0.5%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.