ONEOK, Inc. (NYSE: OKE) has announced that it will release its second-quarter 2024 earnings after the market closes on August 5, 2024. The executive management of ONEOK will then participate in a conference call on August 6, 2024, at 11 a.m. Eastern Time to discuss the results.
As a leading midstream operator, ONEOK plays a crucial role in providing essential energy products and services. The company's more than 50,000-mile pipeline network is responsible for transporting natural gas, natural gas liquids (NGLs), refined products, and crude oil, which are essential for meeting domestic and international energy demand.
Investors and analysts will be keen to see how ONEOK has performed in the second quarter of 2024. In the previous quarter, the company reported total revenues of $3.56 billion, representing an increase of 28% compared to the same period in the previous year. Additionally, ONEOK reported an adjusted EBITDA of $1.2 billion in the first quarter of 2024, marking a 32% increase from the first quarter of 2023.
Furthermore, ONEOK's net income attributable to the company for the first quarter of 2024 was $380 million, indicating a significant improvement compared to the net income of $255 million in the first quarter of 2023.
The company's performance in the upcoming earnings release will be closely scrutinized by investors, particularly in light of its crucial role in the energy infrastructure sector. Analysts and stakeholders will be eager to assess any changes in key financial metrics and operational performance compared to the previous quarter.
ONEOK's upcoming earnings release is anticipated to provide valuable insights into its financial and operational standing amid the evolving energy landscape, both domestically and internationally. Today the company's shares have moved 0.5% to a price of $82.42. Check out the company's full 8-K submission here.
