ONEOK Q4 net income up 28% to $484.9M; raises 2023 guidance above 2022 levels

ONEOK INC /NEW/

2022-FY EPS reported $3.84 revenue$22,386,892,000

Q4 2022 net income $484.9M ($1.08 diluted EPS), up 28% YoY; full-year net income $1.72B ($3.84 diluted EPS), up 15%.
Adjusted EBITDA Q4 $967.4M (+14% YoY); full-year $3.62B (+7%); 2023 adjusted EBITDA midpoint guided at $4.575B.
Quarterly dividend raised 2% to $0.955/share ($3.82 annualized); $750M senior notes issued Nov 2022, $425M notes redeemed Feb 2023.
Medford incident insurance settlement of $930M; $779.3M gain recorded in Q1 2023; 2023 guidance includes $539.3M net Medford impact.
Capital projects: MB-6 fractionator (125k bpd) targeted Q1 2025; Demicks Lake III plant completed Feb 2023; MB-5 fractionator expected early Q2 2023.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ONEOK INC /NEW/ reported the fourth quarter and full-year ended December 31, 2022 results: net income net income to $1,722.2 million, resulting in $3.84 per diluted share. Guidance raised.

Period: the fourth quarter and full-year ended December 31, 2022
Net income: net income to $1,722.2 million, resulting in $3.84 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

ONEOK Announces 28% Increase in Fourth Quarter 2022 Net Income and 15% Increase in Full-year 2022 Net Income Announces Higher 2023 Financial Guidance

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Source: SEC EDGAR

accession 0001039684-23-000012

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