OKE · 10-Q · 2026Q2 · Full report

Geographic Market Commentary

ONEOK INC /NEW/ · 2026-08-04 · Importance 10 · Surprise 6

ONEOK operates an integrated and regionally diversified midstream network connecting supply in the Rocky Mountain, Mid-Continent, Permian and Gulf Coast regions with major market centers. Management said the network is positioned to serve producers and end-use markets as domestic and international energy demand grows. The second-quarter increase in NGL volumes benefited from higher ethane recovery in the Rocky Mountain and Mid-Continent regions. Natural gas pipeline optimization benefited from favorable price differentials between the Waha Hub and Katy, Texas, while NGL exchange-service fee rates and product price differentials narrowed in the Gulf Coast/Permian and Mid-Continent regions.

Key facts