ONEOK raised its full-year 2026 net income guidance to a range of $3.41 billion to $3.79 billion, with an earnings per share midpoint of $5.68, while also filing for a $1.00 billion at-the-market common stock offering. The company reported second-quarter 2026 revenue of $12.05 billion and net income of $966 million, alongside higher earnings per share. The upgraded guidance reflects stronger throughput trends and ongoing infrastructure projects, while the new equity program adds financing flexibility but introduces potential dilution. Investors are weighing the raised outlook against balance sheet strain and integration risks from recent acquisitions.
ONEOK IncRaised 2026 guidance and reported strong Q2 results, though stock offering adds dilution.
