Description

ONEOK Unlocks More Growth — NGL Volumes Rise 7% As Projects Come Online!

ONEOK, Inc. reported its second quarter 2026 financial results with net income of $967 million, a 13% increase year-over-year, and adjusted EBITDA of $2.12 billion, up 7%. The company raised its 2026 full-year guidance for net income to $3.6 billion and adjusted EBITDA to $8.35 billion, reflecting strong year-to-date performance and positive momentum in its operating segments. Organic volume growth, contributions from recently completed projects, and favorable hedging and commercial arrangements underpin these upward revisions. The company’s integrated infrastructure platform connects key U.S. supply basins to domestic and international markets across multiple commodity streams, including natural gas, natural gas liquids (NGLs), crude oil, and refined products. This connectivity is cited as a key differentiator, allowing multiple avenues for earnings growth, asset optimization, and capital deployment across regions and product types.