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ONEOK: The Hidden Opportunity in Butane Blending, Pipeline Expansion & AI-Driven Energy Demand!

ONEOK, Inc. reported first quarter 2026 financial results with net income of $776 million, or $1.23 per diluted share, representing a 12% increase compared to the same period in 2025. Adjusted EBITDA rose 13% year-over-year to approximately $2 billion, supported by higher volumes and strong segment performance. The company’s results included a noncash impairment charge of $60 million related to its Powder Springs Logistics joint venture in the refined products and crude segment. These outcomes were achieved despite typical seasonal headwinds and weather-related impacts, including Winter Storm Fern, which caused temporary throughput reductions but was already accounted for in prior guidance. ONEOK reaffirmed its 2026 capital expenditure guidance at $2.7 billion to $3.2 billion and raised its full-year financial outlook, projecting net income around $3.5 billion, diluted EPS near $5.53, and adjusted EBITDA at approximately $8.25 billion. The upward revision reflects stronger volumes, improved market conditions, and completed projects.