OKEOneok
$89.79+27% 1Y
$89.79
$62.6952 weeks$97.50
The financials
Oneok by the numbers
Oneok (OKE) reported revenue of $12.0B in Q2 2026 (quarter ended Jun 30, 2026), up 53% from the same quarter a year earlier. That came with a gross margin of 23% and net income of $966M (8.0% of revenue). For the full year FY2025, revenue was $33.6B (+55% year on year) and net income $3.39B. Its largest product in Q2 2026 was Commodity Sales at $10.8B, 87% of the disclosed total, well ahead of Services at 9.9%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $12.0B | $7.89B | +53% |
| Gross profit | $2.81B | $2.53B | +11% |
| Operating income | $1.59B | $1.43B | +11% |
| Net income | $966M | $841M | +15% |
| Diluted EPS | $1.53 | $1.34 | +14% |
| Product | Revenue | Share |
|---|---|---|
| Commodity Sales | $10.8B | 87% |
| Services | $1.24B | 9.9% |
| Exchange Services And Natural Gas Gathering And Processing | $269M | 2.2% |
| Residue Natural Gas Sales | $171M | 1.4% |
| Other | $5.0M | 0.0% |
Business segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $12.49B (+18%)
Commodity Sales grew +61% year on yearResidue Natural Gas Sales -62% year on year
Segment Latestquarter on quarteryear on year
- Commodity Sales$10.81B$10.81Bquarter on quarter +28%year on year +61%+28%+61%
- Services$1.24B$1.24Bquarter on quarter +5.3%year on year +6.4%+5.3%+6.4%
- Exchange Services And Natural Gas Gathering And Processing$269.0M$269.0Mquarter on quarter +7.2%year on year -7.2%+7.2%-7.2%
- Residue Natural Gas Sales$171.0M$171.0Mquarter on quarter -76%year on year -62%-76%-62%
- Other$5.0M$5.0Mquarter on quarter -44%year on year -44%-44%-44%
- Transportation and Storage$0.00$0.00quarter on quarter n/ayear on year n/an/an/a
Oil & Gas Midstream
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