Oneok Inc.
ONEOK Announces Higher First Quarter 2025 Earnings; Affirms 2025 Financial Guidance
Summary
ONEOK, Inc. reported higher first quarter 2025 earnings with net income of $691 million and affirmed its full-year 2025 financial guidance. The increase was driven by higher volumes in the Rocky Mountain region and contributions from recent acquisitions. Adjusted EBITDA was $1.78 billion, and the company repurchased 190,000 shares under its $2 billion share repurchase program. The financial results were partially offset by increased operating costs. ONEOK also declared a quarterly dividend of $1.03 per share.
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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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