---
schema_version: "secwatch.filing_event.v1"
accession: "0001039684-25-000043"
form_type: "8-K"
ticker: "OKE"
cik: "0001039684"
company_name: "ONEOK INC /NEW/"
filed_at: "2025-02-25T23:59:59+00:00"
generated_at: "2026-05-26T04:18:36.240432+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# ONEOK 2025 guidance: Adj EBITDA mid $8.225B (+21% YoY); EPS $5.37 (+8%); 2026 >15% EPS growth

## Summary
- 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.

## SEC filing metadata
- accession: 0001039684-25-000043
- form_type: 8-K
- ticker: OKE
- cik: 0001039684
- company_name: ONEOK INC /NEW/
- filed_at: 2025-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039684/000103968425000043/0001039684-25-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039684/000103968425000043/oke-20250224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039684-25-000043
- JSON: https://secwatch.observer/filing/0001039684-25-000043.json
- Plain text: https://secwatch.observer/filing/0001039684-25-000043.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.