Strong Q2 2025 Financial Performance
Second quarter adjusted EBITDA increased 12% compared to the first quarter, with net income attributable to ONEOK totaling $841 million, a more than 30% increase from the first quarter.
Affirmation of 2025 Financial Guidance
ONEOK affirmed its 2025 financial guidance ranges, including net income of $3.1 billion to $3.6 billion and adjusted EBITDA range of $8 billion to $8.45 billion.
Significant Debt Reduction
During the quarter, ONEOK reduced its senior notes by nearly $600 million, contributing to a year-to-date extinguishing of nearly $850 million in senior notes.
Permian Basin Expansion
ONEOK announced a final investment decision on a new natural gas processing plant in the Permian's Delaware Basin, enhancing its presence in this strategic area.
Record NGL Throughput and Growth
Total NGL raw feed throughput volumes increased 18% compared with the first quarter, with record volumes in the Rocky Mountain region.