ONEOK stock holds above $93 after Q2 earnings beat
Published on 08/26/2026 at 08:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ONEOK Inc. (US6826801036) is trading near $93 after a second-quarter beat on August 3, 2026, with EPS of $1.53 against $1.46 and revenue of $12.05 billion versus $8.95 billion in consensus. The shares also sit within a $92.16 to $93.95 range in the latest session, while the 52-week band runs from $64.02 to $97.90.
Earnings still set the tone
The earnings backdrop remains the clearest support for the stock. Net margin for the quarter was 9.29 percent, return on equity was 16.41 percent, and the dividend was set at $1.07 a quarter, or $4.28 annualized, for a 4.6 percent yield.
That comparison matters because the company earned $1.34 a share in the same quarter a year earlier, so the latest result marked a $0.19 increase year over year. Revenue also rose from $7.88 billion in the June 2025 quarter to $12.05 billion in the June 2026 quarter.
Market view stays firm
Analyst positioning adds another layer of support, with a consensus Moderate Buy rating and an average target price of $91.94. The stock opened at $93.06, putting it above that average target and close to the top of its one-day range.
ONEOK's latest market value was listed at $58.66 billion, and the price-to-earnings ratio stood at 16.05. The 50-day average was $90.20 and the 200-day average was $88.40, so the stock has stayed above both trend lines.
What ONEOK sells
ONEOK is a midstream operator that gathers, processes, fractionates, transports, stores, and markets natural gas and natural gas liquids. Its system links production regions with refineries, petrochemical plants, and other end markets, which keeps throughput and utilization central to the investment case.
Price and setup
As of August 25, 2026, the shares traded at $93.02. That leaves ONEOK inside a $64.02 to $97.90 52-week range and just below the recent peak.
Fact box
Company: ONEOK Inc.
ISIN: US6826801036
Ticker: OKE
Exchange: NYSE
Price as of August 25, 2026: $93.02 USD
Market cap: $58.66 billion
Sector / Industry: Energy / Oil & Gas Midstream
Index membership: S&P 500
