Highest-materiality recent filing
ONEOK Q1 net income up 12% to $776M; raises FY2026 guidance midpoint
Net income $776M ($1.23 diluted EPS) vs $691M ($1.04) in Q1 2025; adjusted EBITDA $1.997B (+13% YoY).
ONEOK FY2025 net income up 11%, adjusted EBITDA up 18%; guides FY2026 EBITDA $8.1B
Net income attributable to ONEOK of $3.39B in 2025 ($5.42/diluted share) vs $3.04B ($5.17) in 2024.
ONEOK Q3 net income up 36% to $940M; adj EBITDA $2.12B; affirms 2025 guidance
Q3 2025 net income $940M ($1.49 diluted EPS) vs $693M ($1.18 EPS) a year ago; adjusted EBITDA $2.12B vs $1.55B.
ONEOK prices $3.0B notes offering across three tranches to refinance debt
$750M 4.95% notes due 2032, $1.0B 5.40% notes due 2035, $1.25B 6.25% notes due 2055.
ONEOK Q2 net income $841M ($1.34/diluted), adj EBITDA $1.98B, reaffirms FY 2025 guidance
Net income attributable to ONEOK $841M ($1.34 diluted EPS) vs $780M ($1.33) in Q2 2024.
ONEOK acquires remaining 49.9% of Delaware Basin JV for $940M
Total consideration $940M: $530M cash + $410M ONEOK common stock.
ONEOK Q1 2025: EPS $1.04, Adj. EBITDA $1.78B, EnLink closed Jan 31
Net income attributable to ONEOK $636M ($1.04 diluted EPS); includes $42M transaction costs; Q1 2024 net income $639M ($1.09 EPS).
ONEOK 2025 guidance: Adj EBITDA mid $8.225B (+21% YoY); EPS $5.37 (+8%); 2026 >15% EPS growth
2025 net income midpoint $3.45B (+11% YoY); diluted EPS $5.37 (+8% YoY ex items).
ONEOK reports Q4 net income $1.0B, adj. EBITDA $2.17B; dividend up 4% to $1.03/quarter
Net income attributable to ONEOK Q4: $923M ($1.57 diluted); FY: $3.035B ($5.17 diluted).
ONEOK and MPLX form JVs to build 400K bpd LPG export terminal and pipeline; total cost $1.75B
Joint venture for Texas City LPG export terminal: 50/50 ONEOK/MPLX, 400,000 bpd capacity, total investment ~$1.4B.
ONEOK closes EnLink acquisition; EVP Kelley to retire in March
Closed acquisition of EnLink Midstream, LLC on Jan 31, 2025; EnLink now wholly owned subsidiary.
ONEOK completes acquisition of EnLink Midstream in stock-for-unit deal closed Jan 31, 2025
EnLink unitholders received 0.1412 shares of OKE common stock per EnLink unit; units delisted from NYSE.
EnLink unitholders approve ONEOK's acquisition of remaining public units; close set for Jan. 31
99.8% of voted units (379.1M) in favor; 82.9% of all outstanding units voted for the deal.
ONEOK completes $1.2B sale of three interstate gas pipelines to DT Midstream
Sale of Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission to DT Midstream for $1.2B cash.
ONEOK-EnLink deal special meeting set for Jan. 30, 2025; proxy filed with SEC
EnLink definitive proxy filed Dec. 31; unitholders of record Dec. 23, 2024 can vote.
ONEOK completes 125K bpd MB-6 fractionator and full pipeline looping
MB-6 fractionator completed in Mont Belvieu, Texas, adds 125,000 bpd capacity.
ONEOK to acquire remaining EnLink units for $4.3B in stock; exchange ratio 0.1412
Deal valued at $4.3B: ONEOK issues ~37M shares (6% of pro forma outstanding) at $15.75/EnLink unit.
ONEOK sells three interstate gas pipelines to DT Midstream for $1.2B cash
Assets sold: Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission.
ONEOK completes $2.6B acquisition of Medallion Midstream, largest private Permian crude system
Total cash consideration ~$2.6B for Medallion and DoublePoint interests acquired from Global Infrastructure Partners.
ONEOK reports Q3 net income $693M ($1.18 EPS), raises 2024 guidance second time
Net income $693M vs $454M YoY; diluted EPS $1.18 vs $0.99; adjusted EBITDA $1.55B vs $1.015B.
ONEOK closes $3.3B acquisition of GIP's controlling stake in EnLink Midstream
Total cash consideration of approximately $3.3 billion for 43% of EnLink common units at $14.90/unit plus $300M for managing member interests.
Completed $7.0B note offering across six tranches (4.25% 2027 – 5.85% 2064); net proceeds ~$6.9B.
ONEOK prices $7.0B senior notes offering to fund EnLink and Medallion acquisitions
$7.0B of senior notes priced across six tranches from 3-year (4.25%) to 40-year (5.85%); net proceeds ~$6.92B.
ONEOK to acquire 43% of EnLink and Medallion from GIP for $5.9B
Total consideration $5.9B: $3.3B for EnLink interests ($14.90/unit for 43% of units + $300M for managing member) and $2.6B for Medallion.
ONEOK Q2 net income $780M, adj. EBITDA $1.6B; affirms FY 2024 guidance
Net income of $780M ($1.33 diluted EPS) vs $468M year-ago; adjusted EBITDA $1.6B.
ONEOK announces $480M refined products pipeline expansion to Denver area, mid-2026 completion
New 230-mile, 16-inch pipeline from Scott City, KS to Denver International Airport, plus pump station upgrades.
On February 3, 2025, Charles M. Kelley, Senior Vice President, Commercial Natural Gas Pipelines and a named executive officer in our most recent proxy statement, provided notice of his intention to retire effective March 31, 2025.
On January 6, 2025, the Board of Directors of ONEOK, Inc. (“ONEOK”) appointed Randy Lentz, 60, as Executive Vice President and Chief Operating Officer of ONEOK, effective as of January 6, 2025.
Max materiality 1.00 · Median 0.62 · Most common event other