secwatch.observer — SEC 8-K summary
======================================

Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001039684-23-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000103968423000012/0001039684-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000103968423000012/oke-20230227.htm
  HTML page:      https://secwatch.observer/filing/0001039684-23-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer