ONEOK, Inc. ($OKE) reported stronger-than-expected second-quarter 2026 results, with revenue rising sharply to $12.0 billion, well above the consensus estimate of $9.0 billion. Net income attributable to common shareholders increased to $966 million, while diluted earnings per share came in at $1.53.
Profitability also improved across the income statement. Gross profit reached $2.8 billion, operating profit totaled $1.6 billion, and both measures posted year-over-year gains of a little more than 11%. Operating cash flow was a standout at $2.1 billion, up more than 34% from a year earlier.
On the balance sheet and cash flow side, ONEOK ended the quarter with $161 million in cash and cash equivalents, up nearly 66% year over year. Capital spending on property, plant and equipment was $613 million, while total liabilities stood at $45.5 billion.
- Revenue: $12.0 billion
- Net income: $966 million
- Diluted EPS: $1.53
- Operating cash flow: $2.1 billion
- Cash and cash equivalents: $161 million
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
ONEOK, Inc. Hedge Fund Activity
We have seen 814 institutional investors add shares of ONEOK, Inc. stock to their portfolio, and 588 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL RESEARCH GLOBAL INVESTORS added 6,264,969 shares (+inf%) to their portfolio in Q1 2026, for an estimated $566,290,547
- CAPITAL INTERNATIONAL INVESTORS added 5,137,226 shares (+64.4%) to their portfolio in Q1 2026, for an estimated $464,353,858
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 4,265,890 shares (-18.8%) from their portfolio in Q1 2026, for an estimated $385,593,797
- UBS GROUP AG added 3,919,173 shares (+44.6%) to their portfolio in Q1 2026, for an estimated $354,254,047
- STATE STREET CORP added 3,123,790 shares (+8.1%) to their portfolio in Q1 2026, for an estimated $282,359,378
- DEUTSCHE BANK AG\ added 2,563,035 shares (+61.4%) to their portfolio in Q1 2026, for an estimated $231,672,733
- BLACKROCK, INC. added 2,230,014 shares (+3.9%) to their portfolio in Q1 2026, for an estimated $201,570,965
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
ONEOK, Inc. Congressional Stock Trading
Members of Congress have traded $OKE stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $OKE stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 02/10.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
ONEOK, Inc. Price Targets
Multiple analysts have issued price targets for $OKE recently. We have seen 10 analysts offer price targets for $OKE in the last 6 months, with a median target of $92.5.
Here are some recent targets:
- Theresa Chen from Barclays set a target price of $88.0 on 07/08/2026
- Jeremy Tonet from JP Morgan set a target price of $92.0 on 05/08/2026
- Spiro Dounis from Citigroup set a target price of $97.0 on 05/07/2026
- Gabe Daoud from Truist Securities set a target price of $93.0 on 05/04/2026
- Michael Blum from Wells Fargo set a target price of $98.0 on 04/30/2026
- Brandon Bingham from Scotiabank set a target price of $89.0 on 04/30/2026
- Jason Gabelman from TD Cowen set a target price of $85.0 on 04/30/2026
