Quarterly ResultApr 29, 2026, 04:43 PM
OKE Q1 Revenue +19.6% to $9.62B; Net Income $774M; EPS $1.23; New $1.2B Term Loan
AI Summary
ONEOK Inc. reported a significant increase in Q1 2026 revenue to $9.62 billion, up 19.6% year-over-year, with net income attributable to ONEOK rising to $774 million and diluted EPS to $1.23. The company also entered into a new $1.2 billion term loan agreement in April 2026 for general corporate purposes and redeemed $491 million of senior notes due July 2026. A quarterly common stock dividend of $1.07 per share was declared. An impairment charge of $60 million was recorded for its investment in Powder Springs.
Key Highlights
- Net income attributable to ONEOK rose 21.7% to $774 million.
- Diluted EPS increased 18.3% to $1.23.
- Total revenues grew 19.6% to $9.62 billion.
- Entered $1.2 billion Term Loan Agreement in April 2026.
- Redeemed $491 million of senior notes due July 2026.
- Declared quarterly common stock dividend of $1.07/share.
- Natural Gas Liquids segment Adjusted EBITDA was $706 million.
- Recorded $60 million impairment on Powder Springs investment.
Price Impact
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