GET DAILY SIGNALSONEOK (OKE) Q3 2026 Earnings Preview: Volumes and Guidance in Focus
Key Takeaways
- ONEOK, Inc. (NYSE: OKE) is scheduled to report third-quarter 2026 results after the market closes on Tuesday, October 27, 2026.
- Wall Street consensus points to earnings per share (EPS) of roughly $1.48, compared with $1.49 reported in the same quarter last year.
- Analysts expect revenue near $10.4 billion, which would mark a meaningful year-over-year increase driven by stronger volumes.
- Management raised its full-year 2026 guidance in August, lifting the midpoint of its adjusted EBITDA outlook to $8.35 billion.
- In the prior quarter, ONEOK beat expectations on both the top and bottom lines, with EPS of $1.53 versus a $1.46 estimate and revenue of $12.05 billion.
- Investors will focus on natural gas liquids (NGL) and natural gas volumes, new project contributions, and any update to full-year guidance.
- For more on this ticker, explore its Major News, Today's Price Move, Price Targets, and Forecast pages.
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Why ONEOK's Earnings Matter
ONEOK operates as one of the largest midstream energy companies in the United States, transporting natural gas and natural gas liquids through an extensive network of gathering, processing, fractionation, transportation, storage, and marine export facilities. Its results provide insight into broader energy infrastructure trends. The company has shown solid volume resilience lately, and its second-quarter 2026 report delivered a 13% year-over-year rise in net income along with a 7% increase in adjusted EBITDA. With full-year guidance raised in August, this upcoming release will indicate whether that momentum held through the third quarter and whether the company is on pace to meet the updated targets.
What Analysts Expect Heading Into the Report
Consensus estimates call for ONEOK to post earnings of about $1.48 per share on revenue of roughly $10.4 billion. That compares with EPS of $1.49 and revenue of $8.63 billion in the third quarter of 2025, so the picture points to solid top-line growth even as per-share earnings stay essentially flat year over year. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Key operating metrics to watch include gathered and processed natural gas volumes, NGL fractionation and transportation volumes, and contributions from recently completed projects. Adjusted EBITDA remains a central figure for midstream operators because it highlights core operating performance by excluding non-cash and financing items. After the August guidance lift that set the full-year 2026 adjusted EBITDA midpoint at $8.35 billion, any comments on whether that target is being reaffirmed or adjusted will likely shape the market response.
Market Sentiment and Potential Reaction
Investor sentiment ahead of the report appears generally positive. ONEOK shares have advanced through much of 2026, backed by strong volumes, the raised guidance range, and a quarterly dividend of $1.07 per share that supports a yield of roughly 4.4%. The stock holds a consensus Hold rating, with price targets mostly in the low-to-mid $100s. That said, midstream names can still react to commodity price moves, shifts in producer activity, and interest-rate expectations. The main risk is that weaker-than-expected volume growth or cautious commentary from management could ease some of the recent optimism, especially after a strong second quarter.
Forward Outlook and Items to Monitor
Beyond the headline figures, attention will turn to management’s views on the path of natural gas and NGL volumes into the fourth quarter of 2026 and through 2027. Demand from petrochemical and export markets has been an important driver, so any remarks on marine export capacity or fractionation utilization will help clarify the growth outlook.
Project execution also deserves notice. ONEOK has relied on recently finished projects to support volume increases, and updates on the timing and economics of its capital program could affect views on future cash flow and dividend coverage.
Finally, full-year guidance will come into focus. Because the company raised its adjusted EBITDA outlook in August, a reaffirmation or further increase would point to continued operating strength, while any reduction linked to softer volumes or higher costs could pressure sentiment. Midstream investors will weigh these operational signals against the broader interest-rate backdrop and the stock’s role as a dividend payer.
AI Tools in My Research Process
I’ve found Tickeron’s AI Screener useful when preparing for reports like this one. The tool lets me quickly filter energy names by technical patterns, fundamentals, and performance metrics, which helps surface relevant peer comparisons and potential setups without spending hours on manual screening. It’s become a regular part of how I cross-check ideas ahead of earnings.
Disclaimer
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
Momentum Indicator for OKE turns positive, indicating new upward trend
OKE saw its Momentum Indicator move above the 0 level on October 09, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 95 similar instances where the indicator turned positive. In 72 of the 95 cases, the stock moved higher in the following days. The odds of a move higher are at 76%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where OKE's RSI Indicator exited the oversold zone, 15 of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 75%.
The Moving Average Convergence Divergence (MACD) for OKE just turned positive on October 09, 2026. Looking at past instances where OKE's MACD turned positive, the stock continued to rise in 31 of 47 cases over the following month. The odds of a continued upward trend are 66%.
OKE moved above its 50-day moving average on October 20, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for OKE crossed bullishly above the 50-day moving average on October 23, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 12 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 71%.
Following a +2.62% 3-day Advance, the price is estimated to grow further. Considering data from situations where OKE advanced for three days, in 248 of 373 cases, the price rose further within the following month. The odds of a continued upward trend are 66%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where OKE declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 52%.
OKE broke above its upper Bollinger Band on October 13, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for OKE entered a downward trend on October 12, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 20 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 23 (best 1 - 100 worst), indicating outstanding price growth. OKE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 40 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 41, placing this stock slightly better than average.
The Tickeron SMR rating for this company is 53 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 60 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.648) is normal, around the industry mean (171.091). P/E Ratio (16.585) is within average values for comparable stocks, (7.053). Projected Growth (PEG Ratio) (1.674) is also within normal values, averaging (13.660). Dividend Yield (0.044) settles around the average of (149207416832.000) among similar stocks. P/S Ratio (1.487) is also within normal values, averaging (4.657).
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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General Information
a company which purchases, gathers, compresses, transports and stores natural gas
Industry OilGasPipelines
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