Aug 4 (Reuters) - U.S. pipeline operator ONEOK ( OKE )

reported a rise in second-quarter profit on Monday, boosted by

additional contributions from acquisitions.

Late last year, the company acquired a 43% controlling

interest in Enlink Midstream for about $3.3 billion in cash,

boosting its presence in the Permian Basin.

ONEOK ( OKE ) completed the acquisition of the remaining

publicly-held shares of EnLink Midstream on January 31, 2025.

The company's second-quarter adjusted core profit for

its natural gas gathering and processing segment jumped nearly

46% to $540 million from a year earlier, driven by the

acquisition.

ONEOK ( OKE ) has further expanded its portfolio through other

acquisitions, including Medallion Midstream and an NGL pipeline

system from Easton Energy.

"Our recent strategic acquisitions are delivering synergies

and strengthening our position as a leading midstream player,"

CEO Pierce Norton II said in a statement.

The company had entered the refined products and crude

transportation market in 2023 after acquiring rival Magellan

Midstream in an $18.8 billion deal.

Earnings were also boosted as Rocky Mountain natural gas

liquids (NGL) raw feed volumes increased by 11% compared to the

prior year.

ONEOK ( OKE ) operates a 60,000-mile network of pipelines,

transporting natural gas, NGLs, refined products and crude oil.

The Tulsa, Oklahoma-based company reported net income

attributable to shareholders of $841 million, or $1.34 per

share, for the quarter ended June 30, up from $780 million, or

$1.33 per share, in the same period a year earlier.