8-KEarnings & ResultsRegulation FDExhibits & Filings

ONEOK INC /NEW/ 8-K Report, Financial Results (Oct 29, 2024)

Filed October 29, 2024For Securities:OKE

Summary

ONEOK Inc. (OKE) filed an 8-K on October 29, 2024, to announce its financial results for the third quarter ended September 30, 2024, and, importantly, to disclose an increase in its full-year 2024 financial guidance. This upward revision in guidance suggests the company is performing better than previously expected and bodes well for future profitability and shareholder returns. The accompanying news release, furnished as Exhibit 99.1, provides the details of these operational results and updated financial outlook. Investors should review this news release for specific figures related to earnings, revenues, and the drivers behind the increased guidance. This proactive communication of improved performance and outlook is a positive signal from ONEOK's management.

Key Highlights

  • 1ONEOK announced third quarter 2024 results and increased 2024 financial guidance.
  • 2The filing indicates positive operational performance leading to an improved outlook.
  • 3The company has furnished its earnings release as Exhibit 99.1.
  • 4Investors are encouraged to review Exhibit 99.1 for detailed financial information and guidance specifics.
  • 5The 8-K filing itself is brief, primarily referencing the attached news release for substantive disclosures.
  • 6The information provided is furnished and not deemed 'filed' for certain regulatory purposes.
  • 7The company did not elect to use the extended transition period for new/revised accounting standards.

Frequently Asked Questions

The primary information disclosed in this 8-K filing is ONEOK's announcement of its third quarter 2024 financial results and an increase in its full-year 2024 financial guidance.

The detailed financial results and the increased 2024 financial guidance are provided in the news release furnished as Exhibit 99.1 to this 8-K filing. Investors should refer to this exhibit for comprehensive details.

No, according to the filing, the information disclosed in Items 2.02, 7.01, and 9.01, including Exhibit 99.1, is being furnished and shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor subject to liabilities under that section, unless specifically incorporated by reference into another filing.

The filing indicates that ONEOK is an emerging growth company but has not elected to use the extended transition period for complying with new or revised financial accounting standards.