---
schema_version: "secwatch.filing_event.v1"
accession: "0001039684-25-000121"
form_type: "8-K"
ticker: "OKE"
cik: "0001039684"
company_name: "ONEOK INC /NEW/"
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T01:51:30.901722+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ONEOK Q3 net income up 36% to $940M; adj EBITDA $2.12B; affirms 2025 guidance

## Summary
- Q3 2025 net income $940M ($1.49 diluted EPS) vs $693M ($1.18 EPS) a year ago; adjusted EBITDA $2.12B vs $1.55B.
- Segment adj EBITDA: NGL $748M, Refined/Crude $582M, G&P $566M, Pipelines $200M; all up YoY driven by EnLink/Medallion acquisitions.
- Declared quarterly dividend of $1.03/share ($4.12 annualized); repurchased 611K shares for $45M under $2B program.
- Announced Bighorn 300 MMcf/d gas processing plant (mid-2027 start) and Eiger Express 450-mile pipeline JV in Permian Basin.
- Full-year 2025 net income and adjusted EBITDA guidance ranges affirmed; synergy capture ahead of original expectations.

## SEC filing metadata
- accession: 0001039684-25-000121
- form_type: 8-K
- ticker: OKE
- cik: 0001039684
- company_name: ONEOK INC /NEW/
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039684/000103968425000121/0001039684-25-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039684/000103968425000121/oke-20251028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039684-25-000121
- JSON: https://secwatch.observer/filing/0001039684-25-000121.json
- Plain text: https://secwatch.observer/filing/0001039684-25-000121.txt

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