OKE · 10-Q · 2026Q2

ONEOK INC /NEW/

Filed 2026-08-04 · Utilities · View original filing on EDGAR

Ranked Events

• Revenue Performance and MixImportance 69 · Surprise 64
  Total revenue increased $4.162 billion, or 52.8%, to $12.049 billion in the second quarter of 2026 from $7.887 billion in the second quarter of 2025. Six-month revenue increased $5.737 billion, or 36.0%, to $21.667…
• Operating Cash Flow TrendsImportance 59 · Surprise 48
  Cash provided by operating activities increased $558 million to $2.987 billion in the first six months of 2026 from $2.429 billion in the prior-year period. Operating cash flow before changes in operating assets and…
• Capital Expenditure ProgramImportance 55 · Surprise 50
  ONEOK invested $1.5 billion in capital expenditures during the six months ended June 30, 2026, compared with $1.4 billion in the prior-year period. The company expects total 2026 capital expenditures of $2.7 billion to…
• Segment ProfitabilityImportance 54 · Surprise 40
  Consolidated operating income increased $162 million in the second quarter of 2026 and $370 million for the first six months, reaching $1.593 billion and $3.021 billion, respectively. Second-quarter operating-income…
• Interest Rate and Refinancing ExposureImportance 46 · Surprise 42
  In April 2026, ONEOK entered into a $1.2 billion term loan bearing interest at Term SOFR plus a 95-basis-point margin and maturing 364 days after June 23, 2026. Borrowings outstanding were $600 million at a 4.59%…
• Liquidity and Debt PositionImportance 46 · Surprise 42
  At June 30, 2026, ONEOK had $161 million of cash and cash equivalents, $899 million of commercial paper outstanding and $600 million borrowed under its $1.2 billion Term Loan Agreement. The company had no borrowings…
• Manufacturing Capacity ExpansionImportance 40 · Surprise 42
  ONEOK is expanding processing, fractionation, export, pipeline and refined-products transportation capacity across its U.S. network. Major projects include the $365 million Bighorn plant in the Permian Basin, the $485…
• Middle East Conflict ImpactImportance 25 · Surprise 42
  Geopolitical conditions in the Middle East contributed to a volatile commodity price environment during the six months ended June 30, 2026. ONEOK stated that the conditions reinforced the importance of reliable energy…
• Supply Chain ConstraintsImportance 23 · Surprise 24
  ONEOK said it actively monitors lead times for materials and equipment used in capital-project construction. The company enters procurement agreements for long-lead items tied to potential projects to support future…
• Market Demand TrendsImportance 22 · Surprise 32
  ONEOK reported higher second-quarter 2026 NGL, Refined Products and natural gas volumes, alongside increased optimization and marketing activity. Natural gas processed volumes rose 2.4% to 5,707 MMcf/d in the second…
• Dividend DeclarationImportance 18 · Surprise 14
  ONEOK paid quarterly common-stock dividends of $1.07 per share in February and May 2026, equivalent to $4.28 per share on an annualized basis. The payments represented a 4% increase from the corresponding quarters of…
• Geographic Market CommentaryImportance 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…

Revenue by Product (in millions)