ONEOK Q1 net income $639M; raises 2024 guidance on Rocky Mountain volumes

ONEOK INC /NEW/

2024-Q1 EPS reported $1.09 revenue$4,781,000,000

Q1 net income $639M ($1.09 diluted EPS); adjusted EBITDA $1.44B.
2024 net income guidance raised to $2.73-3.03B (midpoint $2.88B); adjusted EBITDA guidance raised to $6.025-6.325B.
Rocky Mountain region NGL raw feed throughput volumes up 12% YoY; natural gas processed up 4% overall, 9% in Rocky Mountain.
Refined products and crude segment contributed $381M adjusted EBITDA; $2B share repurchase program authorized.
Quarterly dividend declared $0.99/share ($3.96 annualized); net debt-to-EBITDA 3.8x annualized.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ONEOK INC /NEW/ reported full year 2024 results: net income $2.88 billion, EPS $4.92. Guidance raised.

Period: full year 2024
Net income: $2.88 billion
EPS: $4.92
Guidance: raised
Result: guidance update

Exact text from the filing

2024 Guidance Increase: • Net income increased $70 million to a midpoint of $2.88 billion. • Earnings per diluted share increased to a midpoint of $4.92. • Adjusted EBITDA increased $75 million to a midpoint of $6.175 billion.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ONEOK INC /NEW/ reported three months ended March 31, 2024 results: net income $639 million, EPS $1.09 per diluted share.

Period: three months ended March 31, 2024
Net income: $639 million
EPS: $1.09 per diluted share
Result: reported results

Exact text from the filing

Net income of $639 million, resulting in $1.09 per diluted share.

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ONEOK INC /NEW/ filing history →

Source: SEC EDGAR

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