Why Is Oneok (OKE) Up 9.2% Since Last Earnings Report?

ONEOK Inc. (OKE) reported Q2 2026 EPS of $1.53, beating consensus estimates by 10.07%, with revenues of $12.05 billion exceeding expectations by 13.03%. The company benefited from record natural gas liquids throughput and raised its 2026 guidance. Shares have gained 9.2% over the past month, outperforming the S&P 500, though the stock carries a Zacks Rank #3 (Hold) rating with expectations for in-line returns.