ONEOK, Inc.: A Story Of Commodity Pricing and Ethane Recovery Tailwinds! 

ONEOK’s Second Quarter 2024 Earnings illustrates strong financial and operational performance, underpinned by key strategic moves, acquisitions, and organic growth initiatives. The integration and synergy realization post[1]acquisition has been a significant positive driver. The financial highlights from the quarter include a net income of $780 million or $1.33 per share, a substantial increase of 28% year over year, complemented with a 22% quarter over quarter rise. Additionally, adjusted EBITDA was reported at $1.6 billion driven primarily by higher natural gas liquids (NGL) and natural gas processing volumes, particularly in the Rocky Mountain region, and elevated transportation contributions from the natural gas pipeline segment.