Quarterly ResultApr 29, 2026, 04:46 PM
OKE Q1 Net Income +21.7% to $774M; EPS $1.23; $1.2B Term Loan
AI Summary
ONEOK, Inc. reported a 21.7% increase in net income attributable to ONEOK to $774 million for Q1 2026, with basic EPS rising 18.3% to $1.23. Total revenues grew by 19.6% to $9.618 billion. The company also entered into a new $1.2 billion term loan agreement and redeemed $491 million of senior notes in April 2026, while incurring a $60 million impairment charge on an equity investment.
Key Highlights
- Net income attributable to ONEOK increased 21.7% to $774M in Q1 2026.
- Basic EPS rose 18.3% to $1.23 for Q1 2026.
- Total revenues grew 19.6% to $9.618B in Q1 2026.
- Entered $1.2B Term Loan Agreement & redeemed $491M senior notes in April 2026.
- Incurred $60M noncash impairment charge on Powder Springs equity investment.
- Natural Gas Liquids segment Adjusted EBITDA was $706M in Q1 2026.
- Natural Gas Gathering and Processing segment Adjusted EBITDA was $467M.
- Capital expenditures increased to $853M in Q1 2026.