What move does the options market price into Oneok's report?

Implied ±11.6%, either direction · provisional.

How often does Oneok move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

OKENYSENatural Gas Transmisison & Distribution

Oneok Inc (OKE) earnings date, market-implied expected move, and options open interest by expiry

97.07

+1.25 · +1.31%

post 97.07 0.00%

Closed16:36 ET

Open97.00Volume4.0MMkt cap$61.2BP/E15.03EPS6.46

Day96.41 – 97.5160%52-wk61.67 – 99.8593%

OKE

Oneok Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±11.6%implied · straddle

85.81108.33

spot 97.07exp Mar 19ATM strike 97.5ATM straddle 13.25IV 28%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Feb 22

after close · in 113 days

est.Q4 FY26

Calendar

Next report

Last report

−1.53%

vs ±5.5% implied · ×0.28

shaded = implied · ▲▼ = realized

Oct 27 '26 · confirmed

Implied vs realized

Linked news

News

Largest filed tie

13F top-10 QoQ

+4.78%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

1,668 managers

Top fund weight

3.29%

OKE weight · XLE

N-PORTJun 30 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Oneok (OKE) is expected to report on Feb 22 after close (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±5.5%
avg realized: ±3.1%

Oct 29 '24Oct 29 '24confirmed±4.3%▲+0.64%×0.15

Feb 24 '25Feb 24 '25confirmed±5.3%▼−2.39%×0.45

Apr 29 '25Apr 29 '25confirmed±6.3%▼−6.49%×1.03

Aug 4 '25Aug 4 '25confirmed±4.3%▼−5.17%×1.22

Q3 FY25Oct 28 '25confirmed±6.2%▼−2.75%×0.44

Feb 23 '26Feb 23 '26confirmed±6.5%▼−5.08%×0.78

Q1 FY26Apr 28 '26confirmed±5.3%▼−0.52%×0.10

Q3 FY26Oct 27 '26confirmed±5.5%▼−1.53%×0.28

quarterimplied−10%0+10%realized×

Q3 FY26±5.5%▼−1.53%×0.28

Q1 FY26±5.3%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 5 expiries · Oct 28 close

0.38OI · 5 expiries · Oct 28 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

4,676+2%Nov 2019d0.3214,825+3%0.32

4,000+2%Dec 1847d0.3710,697+2%0.37

6,6710%Jan 1575d0.2229,961−4%0.22

report · Feb 22 · after close · est.

2,284+3%Mar 19138d6,000+2%

163+7%Apr 16166d0.28577+10%0.28

ExpiryPutsCallsP/C

Nov 2019d4,676+2%14,825+3%0.32

Dec 1847d4,000+2%10,697+2%0.37

Jan 1575d6,6710%29,961−4%0.22

report · Feb 22 · after close · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±11.6%

Funds 4

XLE±0.4%

SCHD±0.2%

VTV±0.0%

RSP±0.0%

Customers 1

BKV±8.5%×0.74

Dashed = straddle · × = co-movement · max 501dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

11.11%as filednet margin · revenue +3.37% QoQ · +44.26% YoY

Revenue

$12.5B+3.37% QoQ

Gross profit

$2.8B+1.28% QoQ

22.83% margin

Operating income

$1.6B−1.57% QoQ

12.59% margin

Pre-tax income

$1.4B+7.27% QoQ

Net income

$1.4B+43.12% QoQ

11.11% margin

Cost of revenue

$9.6B+4.00% QoQ

Operating expenses

$1.3B+5.02% QoQ

SG&A $767M

Depreciation $395M

Other operating $98M

Other operating $15M

Other expense

$210M

Tax benefit

$26M

Revenue$12.5B+3.37%

Gross profit

$2.8B+1.28%

22.83% margin

Operating income

$1.6B−1.57%

12.59% margin

Pre-tax income

$1.4B+7.27%

Net income

$1.4B+43.12%

11.11% margin

Cost of revenue

$9.6B+4.00%

Operating expenses

$1.3B+5.02%

SG&A $767M

Depreciation $395M

Other operating $98M

Other expense

$210M

Tax benefit$26M

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 16:30 ET

Intraday

Event sensitivity

GDP ×1.48· ±1.8% vs ±1.2% · 19 releases

eventrelease day|move|up · n×base

GDPgross domestic product±1.8%11 of 19×1.48

PCEpersonal income & outlays±1.8%11 of 19×1.45

CPROFcorporate profits±1.7%7 of 12×1.36

FOMCrate decision±1.4%10 of 24×1.16

CPIconsumer prices±1.4%8 of 11×1.13

NFPjobs report±1.3%5 of 10×1.07

PPIproducer prices±0.9%4 of 11×0.75

Bar = avg |move| to ±2% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS 2.13 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 27 '26 · confirmed	2.13	—
Q2 FY26	—	1.53	—
Q1 FY26	Apr 28 '26 · confirmed	1.23	—
Q3 FY25	Oct 28 '25 · confirmed	1.49	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod