What specific financial forecasts did ONEOK raise for 2026, and what key operational metric drove this revision?

ONEOK raised its 2026 net profit forecast to $3.41 billion–$3.79 billion, up from the prior range of $3.21 billion–$3.79 billion, and increased its annual adjusted EBITDA forecast to $8.2 billion–$8.5 billion, from $8.0 billion–$8.5 billion previously. This revision was driven by record natural gas liquids (NGL) raw feed throughput volumes, particularly a 7% year-over-year increase in quarterly NGL volumes overall—and a 15% increase specifically in the Gulf Coast/Permian region—reflecting stronger demand tied to rising oil and gas output in the Permian Basin and growing natural gas demand amid record U.S. LNG exports.

How did ONEOK's Q2 2024 adjusted EBITDA perform year-over-year, and what did leadership attribute this growth to?

ONEOK's adjusted EBITDA for the April–June 2024 quarter rose 7% year-over-year to $2.12 billion, up from $1.98 billion in the same period last year. According to President and CEO Pierce H. Norton II, this growth was driven by 'higher volumes across ONEOK's businesses, including record NGL volumes,' marking another consecutive quarter of earnings growth.

ONEOK Boosts 2026 Forecast as Higher NGL Volumes Drive Quarterly Profit

Aug 3, 2026

ONEOK raised its 2026 earnings guidance to $3.41–$3.79 billion, driven by record NGL volumes and strong Permian Basin activity. Second-quarter adjusted EBITDA rose 7% year-over-year to $2.12 billion.

reuters

2026-04-28

ONEOK Raises 2026 Profit Forecast After Higher Volumes Power Quarterly Beat

2026-08-03

ONEOK Boosts 2026 Forecast as Higher NGL Volumes Drive Quarterly Profit

ONEOK Boosts 2026 Forecast as Higher NGL Volumes Drive Quarterly Profit

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