The increase in second quarter 2020 adjusted EBITDA, compared with the second quarter 2019, primarily reflects:The increase in adjusted EBITDA for the six-month 2020 period, compared with the same period last year, primarily reflects:"I am proud of the way our employees continue to operate safely and responsibly and remain focused on providing excellent customer service in a challenging environment," said Terry K. Spencer, ONEOK president and chief executive officer. Words such as "anticipates," "believes," "continues," "could," "estimates," "expects," "forecasts," "goal," "guidance," "intends," "may," "might," "outlook," "plans," "potential," "projects," "scheduled," "should," "will," 'would," and similar expressions may be used to identify forward-looking statements. No assurances can be given that the forward-looking statements contained in this news release will occur as projected and actual results may differ materially from those projected.TULSA, Okla., July 28, 2020 /PRNewswire via COMTEX/ --TULSA, Okla., July 28, 2020 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced second quarter 2020 financial results and updated its 2020 outlook.The natural gas pipelines segment's adjusted EBITDA increased 9% in the second quarter 2020, compared with the same period in 2019, due primarily to higher transportation revenue.Copyright (C) 2020 PR Newswire. PR Newswire ONEOK to Participate in J.P. Morgan Energy Virtual Conference Words such as "anticipates," "believes," "continues," "could," "estimates," "expects," "forecasts," "goal," "guidance," "intends," "may," "might," "outlook," "plans," "potential," "projects," "scheduled," "should," "will," 'would," and similar expressions may be used to identify forward-looking statements. Forward-looking statements are not statements of historical fact and reflect our current views about future events. Reconciliations of net income (loss) to adjusted EBITDA, distributable cash flow and coverage ratio are included in the tables.For the latest news about ONEOK, find us on LinkedIn, Instagram, Facebook and Twitter.
ONEOK undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or changes in circumstances, expectations or otherwise.The natural gas pipelines segment's adjusted EBITDA increased 9% in the second quarter 2020, compared with the same period in 2019, due primarily to higher transportation revenue.The increase in adjusted EBITDA for the six-month 2020 period, compared with the same period last year, primarily reflects:For information about ONEOK, visit the website: www.oneok.comThese non-GAAP financial measures exclude some, but not all, items that affect net income (loss). ONEOK expects to … These risks and uncertainties include, without limitation, the following:The segment connected one third-party natural gas processing plant to its system in the Permian Basin in the second quarter 2020 and one existing third-party plant in the Mid-Continent region was expanded.