Summary:

– Q2 net income reached $841M, up 12% from Q1.

– Boost driven by $5.9B in recent acquisitions.

– Natural gas processing surged 140% year over year.

Tulsa -based ONEOK this week reported $841 million in net income in the second quarter, representing a 12% jump over its first quarter performance, meeting market expectations amid uncertainty from a shifting energy environment.

The company attributed its financial growth to recent multibillion-dollar asset acquisitions late last year and in early 2025. The midstream natural gas processor and pipeline operator closed a $3.3 billion deal for EnLink Midstream in January, and it acquired Medallion Midstream last October for $2.6 billion.

“Our strategic acquisitions are delivering tangible benefits as we continue to make m

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