NYSE:OKEOil and Gas
Why ONEOK (OKE) Is Down 7.1% After Raising 2026 Earnings Guidance And Centralizing Cash Management
In late April 2026, ONEOK, Inc. reported first-quarter 2026 results showing revenue of US$9,618 million and net income of US$774 million, and raised its 2026 net income guidance to a range of US$3.21 billion to US$3.79 billion, with earnings per diluted share guidance centered at US$5.53.
Alongside these financial updates, ONEOK formalized a new cash management agreement with Magellan Pipeline Company, L.P., highlighting how it centralizes liquidity across its expanded midstream network and...