ONEOK Q1 net income up 12% to $776M; raises FY2026 guidance midpoint

ONEOK INC /NEW/

2026-Q1 EPS reported $1.23 revenue$9,618,000,000

Net income $776M ($1.23 diluted EPS) vs $691M ($1.04) in Q1 2025; adjusted EBITDA $1.997B (+13% YoY).
2026 guidance raised: net income midpoint $3.5B, EPS $5.53, adjusted EBITDA midpoint $8.25B.
NGL raw feed throughput volumes up 15%; refined products volumes shipped up 12% YoY.
Q1 includes $60M noncash impairment of a JV investment in Refined Products and Crude segment (7c EPS impact).
Capital expenditure guidance unchanged at $2.7B-$3.2B for 2026.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

ONEOK INC /NEW/ reported first-quarter 2026 results: net income $776 million, EPS $1.23 per diluted share.

Period: first-quarter 2026
Net income: $776 million
EPS: $1.23 per diluted share
Result: reported results

Exact text from the filing

12% increase in net income to $776 million, resulting in $1.23 per diluted share

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Source: SEC EDGAR

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