ONEOK Boosts 2026 Guidance, Eyes Energy Demand Growth

ONEOK, a leading midstream energy company, has raised its 2026 guidance following a robust first quarter. The company reported a 12% increase in net income, reaching $776 million, and a 13% rise in adjusted EBITDA, totaling $2 billion. They anticipate full-year net income of $3.5 billion, earnings per share of $5.53, and EBITDA of $8.25 billion. Volumes surged across various energy products, driven by strong demand from power plants, data centers, factories, and LNG exports. Key projects, such as the Shadowfax plant expansion and Delaware expansions, are on track to boost capacity. ONEOKs solid financial position and customer relationships position it well to capitalize on rising U.S. energy demand. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b8dd868adc9e53af