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ONEOK ONEOK ANNOUNCES HIGHER SECOND QUARTER 2021 EARNINGS August 03 , 2021 INVESTOR RELATIONS Expects 2021 Results Above Guidance Midpoints TULSA , Okla . , Aug. 3 , 2021 / PRNewswire / -- ONEOK , Inc. ( NYSE : OKE ) today announced higher second quarter 2021 results and an expectation for 2021 results to be above guidance midpoints . Higher Second Quarter 2021 Results , Compared With Second Quarter 2020 : ◇ Net income of $ 342.1 million , resulting in 77 cents per diluted share . 50 % increase in adjusted EBITDA to $ 801.5 million . 86 % increase in Rocky Mountain region NGL raw feed throughput volumes . 52 % increase in Rocky Mountain region natural gas volumes processed . $ 1.06 per MMBtu average fee rate in the natural gas gathering and processing segment . Expects 2021 Results Above Guidance Midpoints : Based on year - to - date results , expected volumes and commodity prices , ONEOK now expects 2021 net income and adjusted earnings before interest , taxes , depreciation and amortization ( adjusted EBITDA ) to be above the midpoints of the ranges provided on April 27 , 2021 , of $ 1,200 million to $ 1,500 million , and $ 3,050 million to $ 3,350 million , respectively . SECOND QUARTER 2021 FINANCIAL HIGHLIGHTS Net income ( loss ) ( a ) Diluted earnings ( loss ) per common share ( a ) Adjusted EBITDA ( b ) ( c ) Operating income ( d ) Operating costs Depreciation and amortization DCF ( b ) $ DCF in excess of ( less than ) dividends paid ( b ) $ Dividend coverage ratio ( b ) Equity in net earnings from investments Capital expenditures $ $ Three Months Ended June 30 , $ 342.1 0.77 801.5 570.0 153.1 1.37 611.5 $ $ 254.3 $ 156.9 25.7 $ 147.4 2021 2020 2021 2020 ( Millions of dollars , except per share amounts and coverage ratios ) $ 134.3 $ 0.32 $ 533.9 $ 300.5 $ ( 86.8 ) 0.78 $ 355.7 $ 224.4 $ 140.4 $ 25.3 $ 594.3 Six Months Ended June 30 , $ 728.3 1.63 1,667.9 1,231.8 398.7 1.48 $ 1,276.2 505.9 314.0 59.0 324.1 $ $ LA LA LA $ $ $ $ LA LA LA LA $ $ $ $ ( 7.5 ) ( 0.02 ) 1,234.7 822.9 48.9 1.06 272.3 431.4 272.8 70.0 1,544.0 ( a ) Amounts for the three and six months ended June 30 , 2020 , include benefits of $ 4.3 million and $ 20.0 million , respectively , related to net gains on open market repurchases of debt . Amounts for the six months ended June 30 , 2020 , also include noncash charges of $ 641.8 million , or $ 1.17 per diluted share after - tax , related primarily to impairments in the natural gas gathering and processing segment and a benefit of $ 14.4 million , or 3 cents per diluted share after - tax , related to the mark - to - market of ONEOK's share - based deferred compensation plan . ( b ) Adjusted earnings before interest , taxes , depreciation and amortization ( adjusted EBITDA ) , distributable cash flow ( DCF ) and dividend coverage ratio are non - GAAP measures . Reconciliations to relevant GAAP measures are included in this news release . ( c ) Amounts for the three and six months ended June 30 , 2020 , include benefits of $ 4.3 million and $ 20.0 million , respectively , related to