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ONEOK's Cash Flow Soars in Q2

TheMotleyFool

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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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