Quarterly ResultAug 4, 2026, 04:27 PM
ONEOK Q2 Net Income $966M, EPS $1.53; Revenues $12.05B
AI Summary
ONEOK reported strong second-quarter 2026 financial results with net income attributable to ONEOK increasing to $966 million, or $1.53 per basic share, on total revenues of $12.05 billion. For the first six months of 2026, cash provided by operating activities rose to $2.99 billion. The company also redeemed $491 million in senior notes and drew $600 million from a new $1.2 billion term loan, maintaining a healthy leverage ratio of 4.1 to 1.
Key Highlights
- Q2 2026 net income attributable to ONEOK rose to $966 million from $841 million YoY.
- Basic EPS for Q2 2026 increased to $1.53 from $1.34 in the prior year.
- Total revenues for Q2 2026 grew to $12.05 billion from $7.89 billion YoY.
- Cash provided by operating activities for H1 2026 increased to $2.99 billion.
- Redeemed $491 million of 4.85% senior notes due July 2026 in April.
- Drew $600 million from a new $1.2 billion Term Loan Agreement by June 30, 2026.
- Leverage ratio stood at 4.1 to 1 as of June 30, 2026, well within covenants.
- Recorded a $60 million noncash impairment charge on Powder Springs equity investment in Q1 2026.
Price Impact
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