Oneok Inc. (OKE) reported $12.05 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 52.8%. EPS of $1.53 for the same period compares to $1.34 a year ago.

The reported revenue represents a surprise of +13.03% over the Zacks Consensus Estimate of $10.66 billion. With the consensus EPS estimate being $1.39, the EPS surprise was +10.07%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Oneok performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Raw feed throughput - Natural Gas Liquids: 1,630.00 MBBL/d versus 1,528.46 MBBL/d estimated by two analysts on average.
  • Adjusted EBITDA- Natural Gas Liquids: $659 million versus $717.28 million estimated by two analysts on average.
  • Adjusted EBITDA- Refined Products & Crude: $627 million compared to the $562.39 million average estimate based on two analysts.
  • Adjusted EBITDA- Natural Gas Pipelines: $297 million compared to the $276.42 million average estimate based on two analysts.
  • Adjusted EBITDA- Natural Gas Gathering and Processing: $546 million versus $546.41 million estimated by two analysts on average.

View all Key Company Metrics for Oneok here>>>

Shares of Oneok have returned +3.4% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Beyond Nvidia: AI's Second Wave Is Here

The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.

See Stocks Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

ONEOK, Inc. (OKE): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research