ONEOK Earnings Reports

ONEOK saw strong earnings growth in Q2 2025, driven by the EnLink and Medallion acquisitions and record Rocky Mountain NGL throughput volumes.

ONEOK reported strong first quarter 2025 results, driven by a full quarter of adjusted EBITDA from EnLink and Medallion acquisitions, and increased natural gas liquids and natural gas processing volumes in the Rocky Mountain region. The company affirmed its full-year 2025 financial guidance.

ONEOK's Q4 2024 revenue grew 33.77% YoY to $7.00B, supported by strong commodity sales and services revenue. Net income rose 34.26% to $923.00M, while adjusted EBITDA increased 43.64% to $2.17B. Strategic acquisitions and operational efficiencies contributed to higher earnings.

ONEOK reported a net income of $693 million and adjusted EBITDA of $1.55 billion for Q3 2024, driven by strong performance in the Rocky Mountain region, record refined product volumes, increased demand for natural gas transportation, and acquisition-related synergies. The company also increased its 2024 financial guidance for the second time this year.