Oneok Inc.
ONEOK Announces Higher Fourth Quarter and Full-year 2024 Earnings
Summary
ONEOK, Inc. reported higher fourth quarter and full-year 2024 earnings on February 24, 2025. The company saw significant increases in net income, adjusted EBITDA, and volumes across its natural gas liquids, refined products and crude, natural gas gathering and processing, and natural gas pipelines segments. Strategic initiatives included a 4% dividend increase, share repurchases, and the completion of key projects. The earnings release was furnished as Exhibit 99.1.
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About Oneok Inc.
Oneok Inc., a prominent energy company, plays a crucial role in the United States' natural gas and natural gas liquids (NGL) industries. As an integral midstream service provider, Oneok focuses on gathering, processing, transportation, and storage of natural gas, as well as the fractionation and distribution of NGL products. Its operations span extensive and strategically positioned infrastructure, particularly in prolific production areas like the Rocky Mountains, Mid-Continent, and Permian Basin regions. These operations allow Oneok to efficiently manage the supply chain of hydrocarbons from the extraction points to end-users, ensuring a reliable energy supply. The company's comprehensive service offerings cater to a diverse clientele, including utilities, refiners, and chemical companies. Established in 1906, Oneok has significantly contributed to the energy landscape by enhancing the value chain of natural gas and fostering the transition towards cleaner energy sources. The company's dedication to safety, operational excellence, and sustainability underscores its commitment to the evolving energy market.
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