Form 8-K · Current Report · Filed 2026-02-23
ONEOK Reports Higher 2025 Earnings and Provides 2026 Financial Guidance
ONEOK, Inc. announced fourth-quarter and full-year 2025 results, reporting a 12% increase in net income attributable to ONEOK to $3.39 billion and an 18% increase in adjusted EBITDA to $8.02 billion. The company also provided 2026 financial guidance with a net income midpoint of $3.45 billion and an adjusted EBITDA midpoint of $8.1 billion. Key highlights include a 15% increase in Rocky Mountain region NGL raw feed throughput volumes and a 3% increase in natural gas volumes processed. ONEOK repurchased $62 million of common stock and $789 million (principal amount) of senior notes in 2025.
- Filer
- Oneok Inc. OKE · NYSE
- Filed
- Accession
- 0001039684-26-000004
- CIK
- 0001039684
- Signal
- High impactEnergy
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$87.33
Next session
-5.1%
Since filing
+4.0%
Latest close
$90.81
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Precedent
Previous filings from OKE reporting the same item, with the next session's move:
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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