ONEOK sees higher earnings

  • April 29, 2026

ONEOK Increases 2026 Financial Guidance

 

ONEOK, Inc. saw a big jump in first quarter earnings this year including a 12% increase in net income reaching $776 million.
The Tulsa-based company reacted with an increased 2026 financial guidance, according to its announcement released this week.
It also saw its net income reach $1.23 per share and its adjusted EBITDA of $2 billion was a 13% increase.

Higher First-Quarter 2026 Results:

  • 12% increase in net income to $776 million, resulting in $1.23 per diluted share
  • 13% increase in adjusted EBITDA to $2.0 billion
  • 15% increase in NGL raw feed throughput volumes
  • 12% increase in refined products volumes shipped
  • 11% increase in Natural Gas Liquids segment adjusted EBITDA
  • 5% increase in natural gas volumes processed

2026 Guidance Increase:

  • Net income increased to a midpoint of $3.5 billion.
  • Earnings per diluted share increased to a midpoint of $5.53.
  • Adjusted EBITDA increased to a midpoint of $8.25 billion.

ONEOK, Inc.

The company said its increase in financial guidance reflects strong business segment performance as well as increased opportunities across ONEOK’s system driven in part by a more constructive market environment beginning late in the first quarter.

ONEOK increased 2026 net income guidance to a range of $3.21 billion to $3.79 billion. Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) guidance increased to a range of $8.0 billion to $8.5 billion.

Total 2026 capital expenditure guidance remains unchanged at approximately $2.7 billion to $3.2 billion.

“ONEOK’s first-quarter performance reflects year-over-year volume growth and continued operational execution across our integrated asset portfolio,” said Pierce H. Norton II, ONEOK president and CEO. “Strong performance across multiple business segments, supported by a constructive market environment, is strengthening our forward outlook, building momentum through the year and supporting increased 2026 financial guidance expectations.”

Jerry Bohnen