earnings
confidence high
sentiment positive
materiality 0.80
ONEOK 2025 guidance: Adj EBITDA mid $8.225B (+21% YoY); EPS $5.37 (+8%); 2026 >15% EPS growth
ONEOK INC /NEW/
2024-FY EPS reported
$5.17
revenue$21,698,000,000
- 2025 net income midpoint $3.45B (+11% YoY); diluted EPS $5.37 (+8% YoY ex items).
- 2025 adjusted EBITDA midpoint $8.225B (+21% YoY); capex $2.8-3.2B.
- 2026 outlook: EPS growth >15%, adj EBITDA growth ~10% vs 2025 midpoint.
- NGL raw feed throughput 1,425-1,525 MBbl/d; refined products shipped 1,500-1,600 MBbl/d.
- Target annual dividend growth 3-4%; debt-to-EBITDA ~3.5x by 2026; $250M synergies.