Oneok, Inc. (OKE) Financials
Key financial figures for Oneok, Inc. (Q2 2026).
ONEOK posted 13% net income growth to $967 million and 7% adjusted EBITDA growth to $2.12 billion in Q2 2026, driven by record NGL raw feed throughput volumes, and raised full-year 2026 guidance for the second time this year. Net income rose 13% year-over-year to $967 million ($1.53 diluted EPS, up from $1.34); adjusted EBITDA grew 7% to $2.12 billion. Volume growth across the system: NGL raw feed throughput up 7% to a record 1,630 MBbl/d (Gulf Coast/Permian up 15%), natural gas processed volumes up 2% to 5,707 MMcf/d, and refined products volumes shipped up 8% to 1,629 MBbl/d. On the outlook: Raised FY2026 net income guidance to $3.41-3.79 billion (midpoint $3.6 billion, diluted EPS midpoint $5.68) and adjusted EBITDA guidance to $8.2-8.5 billion (midpoint $8.35 billion); FY2026 capital expenditure guidance unchanged at approximately $2.7-3.2 billion. Figures are for Q2 2026, as ONEOK, Inc. reported them.
- Revenue
- $12.0B
- Net Income
- $967M
- EPS
- $1.53
- Total Assets
- $68.5B
- Operating Cash Flow
- $2.1B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $12.0B | $966M | $1.53 | 13.22% | $1.4B |
| Q1 FY2026 | $9.6B | $774M | $1.23 | 14.85% | $70M |
| Q4 FY2025 | $9.1B | $979M | $1.55 | 29.72% | $576M |
| Q3 FY2025 | $8.6B | $939M | $1.49 | 18.04% | $820M |
| Q2 FY2025 | $7.9B | $841M | $1.34 | 18.42% | $776M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $33.6B | $3.4B | $5.42 | 20.72% | $2.4B |
| FY2024 | $21.6B | $3.0B | $5.17 | 23.2% | $2.9B |
| FY2023 | $17.7B | $2.7B | $5.48 | 23.04% | $2.8B |
Frequently asked questions
What was ONEOK, Inc.'s revenue last quarter?
ONEOK, Inc. reported revenue of $12.05 billion for Q2 FY2026, up 52.8% from the same period a year earlier.
Is ONEOK, Inc. profitable?
Yes. ONEOK, Inc. reported net income of $966.0 million for Q2 FY2026, a net margin of 8.02% on revenue.
How has ONEOK, Inc.'s margin trended?
Operating margin was 13.22% in Q2 FY2026, compared with 18.42% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did ONEOK, Inc. generate?
ONEOK, Inc. generated free cash flow of $1.44 billion in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Oneok, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.