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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for ONEOK (OKE) is 9/10.
ONEOK delivered Q1 adjusted EBITDA of approximately $2 billion, up 13% year-over-year, with EPS of $1.23 increasing 12%. Broad-based volume growth across all segments drove the beat, with NGL volumes increasing more than 30% year-over-year in the Gulf Coast Permian region. Management raised 2026 EBITDA guidance to a midpoint of $8.25 billion and EPS midpoint to $5.53. Capital growth projects remained on track and on budget, and data center and AI power demand drove larger pipeline project opportunities.
Scored from ONEOK’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $7.00B | +35.1% | $1.57 | +33.1% | 30.9% | 22.4% | 13.2% | $1.05B |
| FY2025 Q1 | $8.04B | +68.2% | $1.04 | -4.6% | 16.8% | 15.7% | 7.9% | $275M |
| FY2025 Q2 | $7.89B | +61.2% | $1.34 |
| +0.8% |
| 19.5% |
| 18.4% |
| 10.7% |
| $776M |
| FY2025 Q3 | $8.63B | +71.9% | $1.49 | +26.3% | 19.2% | 18.0% | 10.9% | $820M |
| FY2025 Q4 | $9.06B | +29.5% | $1.55 | -1.3% | 29.4% | 29.7% | 10.8% | $576M |
| FY2026 Q1 | $9.62B | +19.6% | $1.23 | +18.3% | 26.7% | 14.8% | 8.0% | $70M |
| FY2026 Q2 | $12.05B | +52.8% | $1.53 | +14.2% | 14.2% | 13.2% | 8.0% | $1.44B |