ONEOK Q2 net income up 13% to $468M; raises 2023 EBITDA guidance midpoint to $4.675B

ONEOK INC /NEW/

2023-Q2 EPS reported $3.38 revenue$8,253,000,000

Q2 net income $468M ($1.04 diluted EPS), up 13% YoY; adjusted EBITDA $971M, up 10%.
2023 guidance raised: net income midpoint $2.49B, adjusted EBITDA midpoint $4.675B.
NGL raw feed throughput up 26% in Gulf Coast/Permian; natural gas processed volumes up 17%.
Quarterly dividend of $0.955 per share declared ($3.82 annualized).
Pending Magellan Midstream acquisition expected close Q3 2023; special meeting Sept 21.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ONEOK INC /NEW/ reported the quarter ended June 30, 2023 results: net income $468 million, EPS $1.04 per diluted share. Guidance raised.

Period: the quarter ended June 30, 2023
Net income: $468 million
EPS: $1.04 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

ONEOK Announces 13% Increase in Second Quarter 2023 Net Income and 10% Increase in Adjusted EBITDA Increasing 2023 Financial Guidance

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Source: SEC EDGAR

accession 0001039684-23-000058

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