earnings
confidence high
sentiment positive
materiality 0.75
ONEOK Q2 net income up 13% to $967M; raises 2026 guidance midpoint
ONEOK INC /NEW/
- Q2 net income $967M ($1.53 diluted EPS) vs $853M a year ago; adjusted EBITDA $2.121B (+7%).
- Record NGL raw feed throughput volumes; refined products volumes up 8%; natural gas processed up 2%.
- 2026 guidance raised: net income midpoint $3.6B, EPS $5.68, adjusted EBITDA $8.35B.
- Greater Denver refined products pipeline mechanically complete in early August 2026.
- H1 2026 includes $60M pretax noncash impairment on a JV investment in Refined Products and Crude.