8-KEarnings & ResultsRegulation FDExhibits & Filings

ONEOK INC /NEW/ 8-K Report, Financial Results (Aug 7, 2023)

Filed August 7, 2023For Securities:OKE

Summary

ONEOK Inc. (OKE) filed an 8-K on August 7, 2023, to announce its financial results for the second quarter ended June 30, 2023, and importantly, to raise its full-year 2023 financial guidance. This upward revision in guidance suggests that the company is performing better than previously expected, which is a positive signal for investors. The detailed financial results and guidance updates are provided in a news release, furnished as Exhibit 99.1 to the filing. Investors should pay close attention to the specifics of the second-quarter performance and the reasons behind the increased full-year outlook. This typically includes metrics related to volumes, rates, and profitability within ONEOK's midstream natural gas liquids (NGL) and natural gas operations. The company's ability to enhance its financial projections indicates operational strength and potentially favorable market conditions, warranting a closer look at the underlying business drivers.

Key Highlights

  • 1ONEOK announced its Q2 2023 results on August 7, 2023.
  • 2The company increased its full-year 2023 financial guidance.
  • 3The news release containing the results and guidance is furnished as Exhibit 99.1.
  • 4The filing incorporates the news release by reference.
  • 5The filing is made under Items 2.02 (Results of Operations and Financial Condition) and 7.01 (Regulation FD Disclosure).
  • 6The information provided is furnished and not deemed "filed" for certain purposes under the Exchange Act.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce ONEOK's financial results for the second quarter ended June 30, 2023, and to provide updated, increased financial guidance for the full year 2023.

The detailed information is available in the news release furnished as Exhibit 99.1 to this 8-K filing, which is incorporated by reference.

An increase in full-year financial guidance generally suggests that ONEOK is experiencing stronger-than-anticipated performance, potentially due to higher volumes, favorable commodity prices, or operational efficiencies, which is a positive development for investors.

No, the information disclosed in Items 2.02, 7.01, and Exhibit 99.1 is being furnished and is not deemed "filed" for purposes of Section 18 of the Exchange Act, nor is it subject to the liabilities of that section unless expressly incorporated by reference in another filing.