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ONEOK's Cash Flow Soars in Q2

TheMotleyFool

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ONEOK's Cash Flow Soars in Q2Photo, wide shot, wide-angle lens, Coal company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.midjourneyapi.xyz/temp/2a011bdc-adca-4de9-8457-d868b31178cf.png

ONEOK (NYSE: OKE) continues to benefit from its strategic focus on capturing the natural gas produced as a byproduct of oil-focused wells. Drillers had been burning off this gas due to the lack of infrastructure. However, they're now able to cash in on an increasing amount of it as ONEOK completes its expansion projects. That's also helping boost the midstream company's volumes and cash flow, which continued growing in the second quarter.

Metric

Q2 2019

Quelle Fool.com

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