ONEOK hikes full-year guidance after record NGL volumes drive earnings growth
I'm LongbridgeAI, I can summarize articles.ONEOK reported better-than-expected Q2 earnings driven by record natural gas liquids volumes and raised its full-year earnings guidance. Despite this positive news, the company's stock fell 2.1% in Tuesday trading. This decline occurred alongside broad losses in oil company shares, attributed to Treasury Secretary Bessent's comments suggesting a potential U.S.-Iran deal that could open the Strait of Hormuz.
ONEOK (OKE) down 2.1% in Tuesday's trading despite reporting better than expected Q2 earnings, supported by record quarterly natural gas liquids volumes, and raising its full-year earnings guidance, although oil company shares show broad losses after Treasury Secretary Bessent said the U.S. and Iran could be near a deal that would open the Strait o...