ONEOK (OKE) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $1.53
- Estimate
- $1.45
- Surprise
- +5.6%
- Score at report (before → after)
- 5.8 → 5.9/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
ONEOK (OKE) beat the $1.45 estimate with adjusted EPS of $1.53 — a clear 5.6% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.8/10) to Hold at 5.9/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates OKE Hold at 5.7/10.
3 of the last 4 quarters beat the estimate; this quarter's +5.6% surprise compares with a +3.2% four-quarter average. Next scheduled report: 2026-10-27.
What supports the rating
- Sector modifier (Energy): +1.2
- Strong earnings beat streak (3/4)
What argues against it
- Analyst target reached - limited upside remaining
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.2)
- Leverage penalty (D/E 1.4): -0.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $91.97
- Price target
- $105.77
- Stop
- $87.19
- Upside to target
- +15.0%
At 16.1× trailing and 15.0× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-10-15 — shown for context, not personalized investment advice.
OKE at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas Midstream
- Market cap
- $58.87B
- P/E (fwd)
- 15.0
- P/E (ttm)
- 16.1
- 52-week range
- $64.02–$99.85
- Off 52-week high
- 7.9%
- RSI (14)
- 52
- Volume vs avg
- 1.00×
- Score today
- 5.7/10