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Oneok OKE Q1 2026 earnings

Reported April 28, 2026 · After market close

Revenue estimate$8.2B
EPS estimate$1.30

Next report

Aug 3, 2026 (In 3 weeks)
Revenue estimate$8.6B
EPS estimate$1.48

Financials

Q1 2026

Income statement

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Revenue$9.6B+19.6%
Gross profit$2.6B+7.4%
Operating income$1.4B+17.0%
Net income$774.0M+21.7%
EPS (diluted)$1.23+18.3%

Balance sheet

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Cash & equivalents$172.0M+22.0%
Total debt$32.4B+8.1%
Total equity$22.4B+4.6%
Total assets$68.2B+6.1%

Cash flow

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Operating cash flow$934.0M+3.3%
CapEx$864.0M+37.4%
Free cash flow$70.0M-74.5%

Valuation & ratios

Valuation

as of 07/09/26
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Market cap$57.43B-8.1%
Enterprise value$89.67B-2.9%
P/E16.3×-4.3×
P/S1.6×-0.9×

Profitability

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Gross margin29.6%-6.0pp
Operating margin16.9%-3.7pp
Net margin10%-2.1pp
FCF margin6.4%-5.9pp

Returns & leverage

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Return on equity16.2%+0.1pp
Debt / equity1.4×0.0×
Current ratio0.7×0.0×

Segments

By product

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Liquids commodity sales$8.6B+19.3%
Residue natural gas sales$1.2B+14.5%
Transportation and storage revenue$801.0M-1.6%
Exchange services and natural gas gathering and processing revenue$343.0M+19.5%
Other revenue$42.0M+10.5%

By segment

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Refined Products and Crude Oil$4.7B+91.1%
Natural Gas Liquids$3.6B-14.6%
Natural Gas Gathering and Processing$2.0B-9.1%

Versus estimates

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Questions, answered.

When did Oneok report Q1 2026 earnings?
Oneok (OKE) reported Q1 2026 earnings on April 28, 2026 after market close.
What were Oneok's Q1 2026 revenue and EPS?
Oneok reported revenue of $9.6B and diluted EPS of $1.23 for Q1 2026.
Did Oneok beat estimates in Q1 2026?
Revenue beat the consensus estimate of $8.2B by $1.4B. EPS missed the consensus estimate of $1.30 by $0.07.
How did Oneok's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 19.6% from $8.0B a year earlier and diluted EPS grew 18.3% from $1.04.
Where can I find Oneok's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001039684-26-000015) and the 10-Q periodic report (0001039684-26-000017) directly on SEC EDGAR. The filing index links above go to sec.gov.