ONEOK, Inc. Q2 2026 Earnings Call Summary
ONEOK reported a Q2 2026 earnings call in which management raised 2026 guidance for a second time, citing record NGL throughput and strong refined products demand. Net income guidance was increased to a $3.6 billion midpoint and adjusted EBITDA to $8.35 billion. Cash tax benefits were raised to $2.6 billion, and capex guidance was reiterated at $2.7 billion to $3.2 billion.



