ONEOK, Inc. announced higher second-quarter 2026 results and increased 2026 financial guidance.
The company recorded a 13% increase in net income of $967 million resulting in $1.53 per share as well as a 7% gain in adjusted EBITDA, reaching $2.12 billion. ONEOK stated its net income reached a midpoint of the year of $3.6 billion.
The company said it had an 8% increase in the shipment of refined products volumes and a 7% upward tick of NGL raw feed thruput volumes. It also had a 15% increase in the Gulf Coast/Permian region. ONEOK’s expansion of the Greater Denver refined products pipeline was completed in early August.
The increase in financial guidance reflects continued strong business segment performance and strategic opportunities across ONEOK’s system supported by a constructive market environment.
ONEOK increased 2026 net income guidance to a range of $3.41 billion to $3.79 billion. Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) guidance increased to a range of $8.2 billion to $8.5 billion.
Total 2026 capital expenditure guidance remains unchanged at approximately $2.7 billion to $3.2 billion.
“Higher volumes across ONEOK’s businesses, including record NGL volumes, drove another consecutive quarter of earnings growth,” said Pierce H. Norton II, ONEOK president and CEO. “These results reflect the strength of our integrated system, the dedication of our employees and our ability to optimize our network and capture opportunities across the value chain.”
“Several strategic growth projects across our footprint are nearing completion, expanding connectivity across key markets and strengthening our ability to serve customers and communities,” added Norton. “Combined with strong market fundamentals across our business, these investments build momentum into the second half of 2026, support our second guidance increase this year and reinforce our ability to deliver long-term value to stakeholders.”
