earnings
confidence high
sentiment neutral
materiality 0.85
ONEOK reports Q4 net income $1.0B, adj. EBITDA $2.17B; dividend up 4% to $1.03/quarter
ONEOK INC /NEW/
2024-FY EPS reported
$5.17
revenue$21,698,000,000
- Net income attributable to ONEOK Q4: $923M ($1.57 diluted); FY: $3.035B ($5.17 diluted).
- Adjusted EBITDA FY 2024: $6.78B, up from $5.24B in 2023; driven by acquisitions and volume growth.
- Quarterly dividend increased 4% to $1.03/share; $2B buyback program with $171.7M spent so far.
- Completed acquisitions of Medallion (Oct 2024) and EnLink (Jan 2025); interstate gas pipeline divestiture for $1.2B.
- Major projects completed: MB-6 fractionator, West Texas NGL pipeline looped, Elk Creek expansion to 575k bpd.