ONEOK Stock Nears 52-Week Highs Following Strong Q2 Earnings and Raised Guidance

Key Facts

1ONEOK reported Q2 2026 EPS of $1.53 and revenue of $12.05 billion, both exceeding analyst expectations.

2The company raised its full-year guidance following a 13% increase in net income.

Amid a robust environment for energy infrastructure, investor confidence has strengthened in companies with stable cash flows. ONEOK Inc. reported strong financial results for the second quarter of 2026, with earnings per share reaching $1.53, exceeding analyst expectations. The company also recorded total revenue of $12.05 billion, reflecting the efficiency of its midstream energy operations.

This growth was driven by a 13% increase in net income, prompting the company to raise its full-year earnings guidance. According to market data, OKE stock is currently trading near its 52-week highs, supported by a 7% increase in adjusted EBITDA to $2.12 billion, highlighting solid operating performance compared to the same period last year.

OKE stock stood at $93.33 (close August 21, 2026), with a daily high of $95.34. Traders are monitoring the sustainability of this price momentum as the stock approaches historical resistance levels, especially as the company continues to provide rewarding shareholder returns, including a $1.07 per share quarterly dividend paid in mid-August.

Sources:

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