OKE
ONEOK INC /NEW/
NYSE · Energy · Oil & Gas Midstream · US
$92.42
−0.95%Research · Oct 17, 2026
[OKE] ONEOK: Can Record NGL Volumes Turn Back Into Profit in Q3 2026?
ONEOK posted Q2 2026 adjusted EBITDA of $2.12 billion, up 7%, on record NGL volumes; the Q3 question is whether volume growth turns back into per-barrel NGL profit.
Research · Sep 3, 2026
[OKE] ONEOK Thesis 2026: Gas Gathering Synergies Materialize as EBITDA Guidance Lifts
ONEOK FY25 (Dec 31, 2025) at $33.63B revenue (+55%). NI $3.40B; EPS $5.42. Adj EBITDA +18% to $8.02B (12th consecutive year of growth). Magellan + EnLink + Medallion + Easton integration substantially complete; ~$500M cumulative synergies. FY26 guide: adj EBITDA $8.10B midpoint, NI ~$3.45B / EPS $5.45, WTI $55-$60.