secwatch.observer — SEC 8-K summary
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Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001039684-25-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000103968425000043/0001039684-25-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000103968425000043/oke-20250224.htm
  HTML page:      https://secwatch.observer/filing/0001039684-25-000043

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