Midstream Operator ONEOK Sees Solid Results as Producer Activity Increases

SUGAR LAND--November 4, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Midstream operator ONEOK Incorporated (NYSE:OKE) (Tulsa, Oklahoma) saw solid results in the just passed third-quarter 2021, with net income increasing by 26% from the prior-year quarter, allowing the company to lift its 2021 net income guidance. The income boost comes thanks largely to increased natural gas and natural gas liquids (NGLs) production activity, which increased ONEOK's throughput both on pipelines and at processing facilities. And with the recent completion of a processing plant in North Dakota, the company's throughput is expected to increase even more.