---
schema_version: "secwatch.filing_event.v1"
accession: "0001039684-26-000004"
form_type: "8-K"
ticker: "OKE"
cik: "0001039684"
company_name: "ONEOK INC /NEW/"
filed_at: "2026-02-23T23:59:59+00:00"
generated_at: "2026-05-16T01:01:36.450596+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001039684-26-000004
- form_type: 8-K
- ticker: OKE
- cik: 0001039684
- company_name: ONEOK INC /NEW/
- filed_at: 2026-02-23T23:59:59+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/1039684/000103968426000004/0001039684-26-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039684/000103968426000004/oke-20260223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001039684-26-000004
- JSON: https://secwatch.observer/filing/0001039684-26-000004.json
- Plain text: https://secwatch.observer/filing/0001039684-26-000004.txt

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