ONEOK Profit Forecast, Energy Price Surge: Your Daily Energy News

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News highlights gathered by Industrial Info Resources (Sugar Land, Texas) dealing with the energy markets.

Pipelines

ONEOK Lifts Profit Forecast
Pipeline operator ONEOK lifted its forecast net 2026 income to between $3.21 billion and $3.79 billion, compared with its prior forecast of $3.19 billion to $3.71 billion. For the first quarter, ONEOK reported a 15% year-over-year rise in its natural gas liquids (NGL) throughput, a 12% rise in refined products shipments and 5% growth in natural gas processing volumes. Industrial Info Resources data show ONEOK is underway with three major U.S. projects valued at $1 billion. These include a grassroot liquefied petroleum gas (LPG) export terminal, a refined products pipeline expansion and the rebuilding of an Oklahoma gas-processing complex that was damaged in a July 2022 fire.

Production

Expand Energy Lays Out Production Plan
Expand Energy in its recent earnings conference call said it will run 11 to 12 rigs in the U.S. this year, investing $2.85 billion and aiming for daily production of 7.5 billion cubic feet equivalent per day. Industrial Info Resources is tracking $1.1 billion worth of Expand Energy's drilling projects in the Haynesville Shale for this year and next.

Energy

World Bank Sees 24% Surge in Energy Prices
On Tuesday, the World Bank said energy prices could surge by 24% in 2026 if major disruptions in the Middle East are ended in May.

Key Takeaways

• ONEOK lifted its 2026 net income forecast to between $3.21 billion and $3.79 billion.
• Expand Energy plans to run 11 to 12 rigs in the U.S. this year.
• The World Bank forecasts energy prices will surge 24% if major disruptions in the Middle East are ended in May.

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About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, Industrial Info Resources is tracking over 250,000 current and future projects worth $30.2 trillion (USD).