ONEOK Q2 FY26 net income rises 13% to $967 million; adjusted EBITDA increases 7% to $2.12 billion
OKE•Second-quarter results
- Oneok posted second-quarter 2026 net income up 13% to $967 million, lifting diluted EPS to $1.53.
- Adjusted EBITDA (non-GAAP) rose 7% to $2.12 billion, supported by record quarterly NGL volumes.
- Refined products volumes shipped climbed 8%, NGL raw feed throughput increased 7%, and natural gas volumes processed rose 2%.
Guidance and operating update
- 2026 guidance increased, with net income midpoint raised to $3.6 billion and adjusted EBITDA midpoint lifted to $8.35 billion.
- CEO Pierce H. Norton II cited strong segment performance and a constructive market environment.
- The Greater Denver refined products expansion was mechanically complete in early August.
