---
schema_version: "secwatch.filing_event.v1"
accession: "0001039684-23-000012"
form_type: "8-K"
ticker: "OKE"
cik: "0001039684"
company_name: "ONEOK INC /NEW/"
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-18T23:11:35.104075+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001039684-23-000012
- form_type: 8-K
- ticker: OKE
- cik: 0001039684
- company_name: ONEOK INC /NEW/
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039684/000103968423000012/0001039684-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039684/000103968423000012/oke-20230227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039684-23-000012
- JSON: https://secwatch.observer/filing/0001039684-23-000012.json
- Plain text: https://secwatch.observer/filing/0001039684-23-000012.txt

## Key facts
- Earnings Releases
  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
  source text: ONEOK Announces 28% Increase in Fourth Quarter 2022 Net Income and 15% Increase in Full-year 2022 Net Income Announces Higher 2023 Financial Guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039684/000103968423000012/0001039684-23-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.