ONEOK FY2025 net income up 11%, adjusted EBITDA up 18%; guides FY2026 EBITDA $8.1B

ONEOK INC /NEW/

2025-FY EPS reported $5.42 revenue$33,629,000,000

Net income attributable to ONEOK of $3.39B in 2025 ($5.42/diluted share) vs $3.04B ($5.17) in 2024.
Adjusted EBITDA of $8.02B for 2025, up 18% YoY; Q4 adjusted EBITDA of $2.15B.
Rocky Mountain NGL raw feed throughput volumes up 15% YoY in both Q4 and full year.
2026 guidance: EPS midpoint $5.45, adjusted EBITDA midpoint $8.1B, capex $2.7B-$3.2B.
Operating income for 2025 rose to $5.74B from $4.99B in 2024.

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