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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Theresa Chen | Barclays | 14 questions · 7% challenging |
| Keith Stanley | Wolfe Research | 13 questions · 0% challenging |
| Jean Salisbury | Bank of America | 12 questions · 25% challenging |
| Manav Gupta | UBS | 12 questions · 8% challenging |
| Michael Blum | Wells Fargo | 12 questions · 8% challenging |
| Sunil Sibal | Seaport Research Partners | 11 questions · 0% challenging |
| Spiro Dounis | Citigroup | 9 questions · 0% challenging |
| Jeremy Tonet | JPMorgan | 8 questions · 25% challenging |
| Jason Gabelman | TD Cowen | 6 questions · 0% challenging |
| Brandon Bingham | Scotiabank | 6 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Barclays | 1 analyst | 14 questions · 7% challenging |
| JPMorgan | 3 analysts | 13 questions · 15% challenging |
| Wolfe Research | 1 analyst | 13 questions · 0% challenging |
| Wells Fargo | 2 analysts | 13 questions · 8% challenging |
| Bank of America | 1 analyst | 12 questions · 25% challenging |
| UBS | 1 analyst | 12 questions · 8% challenging |
| Citigroup | 2 analysts | 11 questions · 0% challenging |
| Seaport Research Partners | 1 analyst | 11 questions · 0% challenging |
No 8-K events recorded for this window.
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.
Demand | Revenue Growth | Guidance Reliability | Capex Investment | M&A | Pricing | Competitive Dynamics | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 3 | 3 | 4 | 4 | 4 | 2 | |
| 2025Q1 | 6 | 7 | 5 | 1 | 4 | 3 | 2 | 1 |
| 2025Q2 | 6 | 3 | 2 | 5 | 6 | 1 | 2 | 5 |
| 2025Q3 | 9 | 5 | 3 | 2 | 2 | 1 | 4 | 2 |
| 2025Q4 | 7 | 3 | 5 | 3 | 4 | 5 | 3 | 2 |
| 2026Q1 | 10 | 8 | 7 | 6 | 10 | 2 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 6 | 6 | 9 | 7 | 10 |
| Revenue Growth | 3 | 7 | 3 | 5 | 3 | 8 |
| Guidance Reliability | 3 | 5 | 2 | 3 | 5 | 7 |
| Capex Investment | 4 | 1 | 5 | 2 | 3 | 6 |
| M&A | 4 | 4 | 6 | 2 | 4 | |
| Pricing | 3 | 1 | 1 | 5 | 10 | |
| Competitive Dynamics | 4 | 2 | 2 | 4 | 3 | 2 |
| Margin | 2 | 1 | 5 | 2 | 2 | 3 |
Calendar quarter Q1 2026Earnings call Apr 29, 2026
FY2026 Q1 in brief
ONEOK delivered Q1 adjusted EBITDA of approximately $2 billion, up 13% year-over-year, with EPS of $1.23 increasing 12%.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for ONEOK (OKE), FY2026 Q1: 9/10. Scores: ONEOK’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: OKE daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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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 Q1Selected | $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 |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
GAAP revenue YoY +19.6% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
What OKE and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“as long leave that to go to Arizona on the P66 project.”
ONEOK frames Phillips 66's Western Gateway (P66) pipeline project as a competing NGL egress route it could feed or benefit from.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
OKE ONEOK | 9 | +19.6% | |
| EPD Enterprise Products Partners L.P. | 5 | -6.7% | |
| KMI Kinder Morgan | 9 | +13.5% | |
| TRGP Targa Resources | 5 | -15.6% | |
| WMB Williams Companies | 6 | -0.6% |