ONEOK, Inc. announced higher second quarter 2025 results on August 4, 2025, reporting net income attributable to ONEOK of $841 million, an increase from $780 million in the second quarter of 2024. Diluted earnings per common share were $1.34, compared to $1.33 in the prior-year quarter.
Adjusted EBITDA for the second quarter of 2025 reached $1.981 billion, up from $1.624 billion in the same period of 2024. The company also affirmed its full-year 2025 financial guidance ranges, reflecting confidence in its strategic direction.
These results were primarily driven by the positive impact of the EnLink and Medallion acquisitions across ONEOK's system, along with record Rocky Mountain region NGL raw feed throughput volumes. The performance was partially offset by the divestiture of certain assets in 2024, demonstrating the strength of ONEOK's integrated business model.
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