earnings
confidence high
sentiment positive
materiality 0.78
ONEOK Q2 net income $780M, adj. EBITDA $1.6B; affirms FY 2024 guidance
ONEOK INC /NEW/
2024-Q2 EPS reported
$2.42
revenue$9,675,000,000
- Net income of $780M ($1.33 diluted EPS) vs $468M year-ago; adjusted EBITDA $1.6B.
- Rocky Mountain region NGL raw feed throughput +12% YoY, natural gas processed +10%.
- NGL segment adj. EBITDA +19% to $635M; Natural Gas Pipelines segment +14% to $152M.
- Completed $280M acquisition of NGL pipelines from Easton Energy in June 2024.
- Quarterly dividend declared $0.99 per share ($3.96 annualized); net debt-to-EBITDA 3.36x.