Oneok Inc.
ONEOK Reports 12% Increase in First-Quarter 2026 Net Income and Raises 2026 Financial Guidance
Summary
ONEOK, Inc. announced a 12% increase in first-quarter 2026 net income to $776 million, resulting in $1.23 per diluted share, and a 13% increase in adjusted EBITDA to $2.0 billion. The company also raised its 2026 financial guidance, with net income expected to be in the range of $3.21 billion to $3.79 billion, earnings per diluted share between $5.12 and $5.94, and adjusted EBITDA between $8.0 billion and $8.5 billion. The increase in financial guidance reflects strong business segment performance and a more constructive market environment.
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About Oneok Inc.
Oneok Inc., a prominent energy company, plays a crucial role in the United States' natural gas and natural gas liquids (NGL) industries. As an integral midstream service provider, Oneok focuses on gathering, processing, transportation, and storage of natural gas, as well as the fractionation and distribution of NGL products. Its operations span extensive and strategically positioned infrastructure, particularly in prolific production areas like the Rocky Mountains, Mid-Continent, and Permian Basin regions. These operations allow Oneok to efficiently manage the supply chain of hydrocarbons from the extraction points to end-users, ensuring a reliable energy supply. The company's comprehensive service offerings cater to a diverse clientele, including utilities, refiners, and chemical companies. Established in 1906, Oneok has significantly contributed to the energy landscape by enhancing the value chain of natural gas and fostering the transition towards cleaner energy sources. The company's dedication to safety, operational excellence, and sustainability underscores its commitment to the evolving energy market.
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