Summary
ONEOK, Inc. reported robust financial performance for the period ending June 29, 2025, marked by significant revenue growth and increased net income compared to the prior year. This growth was primarily driven by strategic acquisitions, notably the EnLink and Medallion transactions, which have been successfully integrated into ONEOK's operations and contributed positively across all segments. The company's operational focus remains on its four reportable segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude, with a substantial portion of its earnings being fee-based and supported by long-term contracts. ONEOK continues to invest in capital projects, including expansions in its Natural Gas Liquids and Refined Products and Crude segments, signaling a commitment to future growth and infrastructure development. The company also successfully amended its $3.5 billion credit agreement and maintains strong relationships with investment-grade counterparties, underscoring its stable financial footing. Despite potential headwinds from geopolitical events and commodity price volatility, ONEOK's diversified and predominantly fee-based business model positions it well to navigate market conditions and deliver continued value to shareholders, supported by a consistent dividend policy.
Financial Highlights
50 data points| Revenue | $7.89B |
| Cost of Revenue | $5.36B |
| Gross Profit | $2.53B |
| Operating Income | $1.43B |
| Net Income | $841.00M |
| EPS (Basic) | $1.34 |
| EPS (Diluted) | $1.34 |
| Shares Outstanding (Basic) | 627.20M |
| Shares Outstanding (Diluted) | 628.10M |
Key Highlights
- 1Total revenues increased significantly to $7.89 billion for the three months ended June 30, 2025, up from $4.89 billion in the prior year, driven by strong performance across all segments.
- 2Net income attributable to ONEOK grew to $841 million for the three months ended June 30, 2025, compared to $780 million in the prior year, reflecting successful integration of recent acquisitions.
- 3The company completed the Delaware Basin JV Acquisition for $927 million and the EnLink Acquisition, which significantly expanded its operational footprint and asset base.
- 4Adjusted EBITDA increased by $357 million to $1.98 billion for the three months ended June 30, 2025, demonstrating improved operational profitability.
- 5ONEOK continues to invest in growth through capital expenditures, totaling $749 million for the three months ended June 30, 2025, primarily for major projects in its Natural Gas Liquids and Refined Products and Crude segments.
- 6The company amended and restated its $3.5 billion credit agreement, extending its maturity to February 2030, and maintained a strong credit rating profile.
- 7ONEOK declared and paid a quarterly common stock dividend of $1.03 per share, reflecting its commitment to shareholder returns and a 4% increase compared to the prior year's quarterly dividend.