Quarterly ResultApr 28, 2026, 04:27 PM
OKE Q1 Net Income +12% to $776M; Adj EBITDA +13% to $2.0B; Raises 2026 Guidance
AI Summary
ONEOK, Inc. announced strong first-quarter 2026 results, with net income increasing 12% to $776 million and adjusted EBITDA rising 13% to $2.0 billion. The company also increased its 2026 financial guidance, with the net income midpoint now at $3.5 billion and adjusted EBITDA midpoint at $8.25 billion, reflecting robust business segment performance and a constructive market. Operational highlights include a 15% increase in NGL raw feed throughput and a 12% increase in refined products volumes. Additionally, ONEOK redeemed $491 million in senior notes, secured a $1.2 billion term loan, and declared a quarterly dividend of $1.07 per share.
Key Highlights
- OKE Q1 Net income increased 12% to $776 million ($1.23 diluted EPS).
- OKE Q1 Adjusted EBITDA increased 13% to $2.0 billion.
- Increased 2026 net income guidance midpoint to $3.5 billion.
- Increased 2026 Adjusted EBITDA guidance midpoint to $8.25 billion.
- NGL raw feed throughput volumes increased 15% in Q1 2026.
- Declared a quarterly dividend of $1.07 per share.
- Redeemed $491 million of 4.85% senior notes due July 2026.
- Entered into a $1.2 billion term loan agreement in April 2026.