secwatch.observer — SEC 8-K summary
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Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0001039684-25-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONEOK reports Q4 net income $1.0B, adj. EBITDA $2.17B; dividend up 4% to $1.03/quarter
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000103968425000026/0001039684-25-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000103968425000026/oke-20250224.htm
  HTML page:      https://secwatch.observer/filing/0001039684-25-000026

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