ONEOK, Inc. (OKE) earnings on August 3, 2026
Prior outlook: Pessimistic Outcome: Partial
ONEOK reported quarterly profit and revenue above expectations and raised its full-year outlook. The stock slipped 0.67% on the day despite the positive results.
OKE price around the earnings
87.65
Change: -0.7%
2026-08-04, 20:00 UTC
Start of the measured window
End of the measured window
83.83
85.56
87.28
89.01
88.24
August 3, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Partial
- Thesis published
- Results released
Strong historical beats and growth expectations are overshadowed by recent analyst downgrades and negative trend strength.
Context analyzed before publication
- Trend
- Score declined from -24.1 to -58.7 over 5 days as analyst downgrades and trend strength deterioration overshadowed historical.
Analysts
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 2.26
- Analysts covering the stock
- 21
- Average price target
- 95.76
- Lowest price target
- 88
- Highest price target
- 108
- Upside to price target
- 9.1%
- Quarterly earnings growth
- 21.7%
- Revenue growth
- 19.6%
- Forward EPS
- 6.24
- Trailing EPS
- 5.61
- Analyst moves in the last 60 days
- 5
- Strong buy: 1
- Buy: 8
- Hold: 14
- Sell: 0
- Strong sell: 0
- Strong buy
- 1
- Buy
- 8
- Hold
- 14
- Sell
- 0
- Strong sell
- 0
- July 29, 2026 · Morgan Stanley: Downgrades rating (Overweight → Equal-Weight)
- July 21, 2026 · RBC Capital: Maintains rating (Sector Perform → Sector Perform)
- July 17, 2026 · Jefferies: Downgrades rating (Buy → Hold)
- July 16, 2026 · TD Cowen: Maintains rating (Hold → Hold)
- July 8, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (8)
- This Caterpillar Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday (opens in a new tab) — Benzinga
- Morgan Stanley Downgrades ONEOK to Equal-Weight, Lowers Price Target to $103 (opens in a new tab) — Benzinga
- RBC Capital Maintains Sector Perform on ONEOK, Raises Price Target to $90 (opens in a new tab) — Benzinga
- This ONEOK Analyst Is No Longer Bullish; Here Are Top 4 Downgrades For Friday (opens in a new tab) — Benzinga
- Abbott To Rally More Than 35%? Here Are 10 Top Analyst Forecasts For Friday (opens in a new tab) — Benzinga
- Jefferies Downgrades ONEOK to Hold, Lowers Price Target to $95 (opens in a new tab) — Benzinga
- TD Cowen Maintains Hold on ONEOK, Raises Price Target to $90 (opens in a new tab) — Benzinga
- Barclays Maintains Equal-Weight on ONEOK, Lowers Price Target to $88 (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 90.8
- Average true range (ATR)
- 2.4%
- Distance to 52-week high
- -7.8%
- 14-day change (14d)
- -3.0%
- 30-day change (30d)
- +5.9%
- 30-day relative strength
- +5.8%
- SPY change (30d)
- +0.1%
- Nearest support
- 90.45
- Distance to nearest support
- 0.4%
- Nearest resistance
- 91.02
- Distance to nearest resistance
- 0.2%
- Volume accumulation ratio (14d / 46d)
- 1.05
- Major: 90.45 (0.4% away, 0.16 ATR, 36 touches)
- Mid: 89.95 (0.9% away, 0.39 ATR, 34 touches)
- Mid: 89.48 (1.5% away, 0.6 ATR, 21 touches)
- Mid: 91.02 (0.2% away, 0.1 ATR, 17 touches)
- Mid: 92.08 (1.4% away, 0.58 ATR, 22 touches)
- Major: 92.58 (2% away, 0.81 ATR, 37 touches)
Trends
Evidence
- Average earnings surprise
- +2.1%
- April 28, 2026: actual EPS 1.3 vs estimate 1.3 (surprise +0.1%)
- February 23, 2026: actual EPS 1.55 vs estimate 1.49 (surprise +3.8%)
- October 28, 2025: actual EPS 1.49 vs estimate 1.44 (surprise +3.3%)
- August 4, 2025: actual EPS 1.34 vs estimate 1.33 (surprise +1.1%)
Expected move
- Implied move
- +1.8%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 2.3%
- 75th percentile move
- 3.7%
- 90th percentile move
- 5.2%
- Up / down moves
- 7 / 13
- Average up move
- +2.2%
- Average down move
- -2.8%
Monitoring and close
What ONEOK, Inc. reported
- Status
- Finished
| Actual EPS | 1.53 |
|---|---|
| EPS estimate | 1.46 |
| EPS surprise | +4.8% |
| Revenue | $12,049 million |
| Revenue estimate | $8,950 million |
| Revenue surprise | +34.6% |
ONEOK beat Q2 expectations with EPS of $1.53 and sales of $12.049 billion. The company raised its 2026 EPS guidance, reflecting optimism.
Sources (4)
- ONEOK beat expectations with earnings of $1.53 per share and sales of $12.049 billion, above forecasts. — Benzinga
- ONEOK Q2 EPS $1.53 Beats $1.46 Estimate, Sales $12.049B Beat $8.950B Estimate (opens in a new tab) — Benzinga
- ONEOK Raises FY2026 GAAP EPS Guidance from $5.53 to $5.68 vs $5.72 Est (opens in a new tab) — Benzinga
- ONEOK Q2 EPS $1.53 Beats $1.46 Estimate (opens in a new tab) — Benzinga
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating +0.4% pre-market, a move below the stock's usual reaction (about 2%). The figures don't confirm the prior scenario: that move is too small to draw conclusions from.
How the stock reacted
- Outcome
- Partial
- Consolidated
- -0.7%
- Max favorable move (MFE)
- 5.4%
- Max adverse move (MAE)
- 1.5%