Quarterly ResultAug 3, 2026, 04:28 PM
ONEOK Q2 Net Income Up 13% to $967M; Raises 2026 Guidance
AI Summary
ONEOK, Inc. announced higher second-quarter 2026 results, with net income increasing 13% to $967 million and adjusted EBITDA rising 7% to $2.12 billion. The company also increased its 2026 financial guidance, raising the midpoint for net income to $3.6 billion and adjusted EBITDA to $8.35 billion. These results were driven by higher volumes across its businesses, including record NGL volumes and increased refined products and natural gas volumes.
Key Highlights
- Q2 2026 net income increased 13% to $967 million, resulting in $1.53 per diluted share.
- Q2 2026 adjusted EBITDA rose 7% to $2.12 billion.
- Increased 2026 net income guidance midpoint to $3.6 billion (range $3.41B to $3.79B).
- Increased 2026 adjusted EBITDA guidance midpoint to $8.35 billion (range $8.2B to $8.5B).
- Refined products volumes shipped increased 8%, and NGL raw feed throughput volumes rose 7%.
- Natural Gas Pipelines segment adjusted EBITDA increased to $297 million from $188 million.
- Declared a quarterly dividend of $1.07 per share, or $4.28 per share annualized.
Price Impact
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