ONEOK (OKE) official guidance
ONEOK (OKE) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteOKEONEOK INC /NEW/FY2026 · ends 2026-12-31
1 metric1 maintainedearnings call · 1d
2026-10-28 16:26:57 UTC$3.5Bmaintained11% vs FY2025
We now expect 2026 capital expenditures to total approximately $3.5 billion, due primarily to $200 million of capital associated with the Brazos acquisition, along with added growth projects such as the Cutter two plant, our Delaware NGL expansion, and compression pulled into 2026 from 2027 due to Bakken and Mid-Continent activity levels.
OKE · transcript · Q3 FY2026
2026-10-28 16:26:00 UTCOpen source
2026-10-27 20:28:57 UTC$3.5Braised +18.6%11% vs FY2025
Total 2026 capital expenditure guidance is expected to be approximately $3.5 billion.
OKE · EX-99.1 · Q3 FY2026
2026-10-27 20:27:53 UTCOpen source
2026-08-05 04:01:34 UTC$2.7B – $3.2Bmaintained-14.3% – 1.5% vs FY2025
Our 2026 capital expenditure guidance remains unchanged at $2.7 billion-$3.2 billion.
OKE · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-08-03 20:23:13 UTC$2.7B – $3.2Bmaintained-14.3% – 1.5% vs FY2025
Total 2026 capital expenditure guidance remains unchanged at approximately $2.7 billion to $3.2 billion.
OKE · EX-99.1 · Q2 FY2026
2026-08-03 20:22:11 UTCOpen source
2026-04-30 04:01:31 UTC$2.7B – $3.2Bmaintained-14.3% – 1.5% vs FY2025
Our total 2026 CapEx guidance remains unchanged at $2.7 billion-$3.2 billion.
OKE · transcript · Q1 FY2026
2026-04-30 04:00:00 UTCOpen source
2026-04-28 20:24:05 UTC$2.7B – $3.2Bmaintained-14.3% – 1.5% vs FY2025
Total 2026 capital expenditure guidance remains unchanged at approximately $2.7 billion to $3.2 billion.
OKE · EX-99.1 · Q1 FY2026
2026-04-28 20:22:52 UTCOpen source
2026-02-25 05:01:52 UTC$2.7B – $3.2Bmaintained-14.3% – 1.5% vs FY2025
Our 2026 capital expenditure guidance assumes a range of $2.7 billion-$3.2 billion, which includes both growth and maintenance.
OKE · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-23 21:23:57 UTC$2.7B – $3.2Bnew
Total 2026 capital expenditures are expected to range between $2.7 billion to $3.2 billion.
OKE · EX-99.1 · Q4 FY2025
2026-02-23 21:21:49 UTCOpen source
OKEONEOK INC /NEW/FY2027 · ends 2027-12-31
1 metric1 newearnings call · 1d
2026-10-28 16:26:57 UTC$3Bnew
As we've said, 2027 will look somewhat like 2026. We expect a lower level than 2026, but we still have some reasonably big projects finishing up with Medford wrapping up in 2027. A large processing plant, several plants actually, and then the dock. You should think around that $3 billion-ish, give or take, for 2027.
OKE · transcript · Q3 FY2026
2026-10-28 16:26:00 UTCOpen source
OKEONEOK INC /NEW/FY2032
1 metric1 newearnings call · 1d
2026-10-28 16:26:57 UTCdeferring meaningful cash tax payments until 2032new
From a cash tax perspective, the Brazos Midland acquisition is expected to extend our runway by another year, deferring meaningful cash tax payments until 2032 from previously 2031.
OKE · transcript · Q3 FY2026
2026-10-28 16:26:00 UTCOpen source
OKEONEOK INC /NEW/FY2026 · ends 2026-12-31
1 metric1 maintainedearnings call · 1d
2026-10-28 16:26:57 UTC$8.6Bmaintained
We now expect a 2026 net income midpoint of $4.18 billion and adjusted EBITDA midpoint of approximately $8.55 billion.
OKE · transcript · Q3 FY2026
2026-10-28 16:26:00 UTCOpen source
2026-10-27 20:28:57 UTC$8.5B – $8.6Braised +2.4%
Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) guidance increased to a range of $8.5 billion to $8.6 billion.
OKE · EX-99.1 · Q3 FY2026
2026-10-27 20:27:53 UTCOpen source
2026-08-05 04:01:34 UTC$8.3Bmaintained
We now expect a 2026 net income midpoint of $3.6 billion, a diluted earnings per share midpoint of $5.68, and an adjusted EBITDA midpoint of $8.35 billion.
OKE · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-08-03 20:23:13 UTC$8.2B – $8.5Braised +1.2%
Adjusted EBITDA $ 8,200 - $ 8,500
OKE · EX-99.1 · Q2 FY2026
2026-08-03 20:22:11 UTCOpen source
2026-04-30 04:01:31 UTC$8.3Bmaintained
We are also increasing our adjusted EBITDA guidance to a midpoint of $8.25 billion.
OKE · transcript · Q1 FY2026
2026-04-30 04:00:00 UTCOpen source
2026-04-28 20:24:05 UTC$8B – $8.5Braised +1.9%
Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) guidance increased to a range of $8.0 billion to $8.5 billion.
OKE · EX-99.1 · Q1 FY2026
2026-04-28 20:22:52 UTCOpen source
2026-02-25 05:01:52 UTC$8.1Bmaintained
For 2026, we expect net income at a midpoint of approximately $3.45 billion or $5.45 per diluted share, and an Adjusted EBITDA midpoint of approximately $8.1 billion.
OKE · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-23 21:23:57 UTC$7.9B – $8.3Bnew
Adjusted EBITDA $7,900 - $8,300
OKE · EX-99.1 · Q4 FY2025
2026-02-23 21:21:49 UTCOpen source
OKEONEOK INC /NEW/FY2032+ · ends 2032-12-31
1 metric1 newearnings call · 1d
2026-10-28 16:26:57 UTCmid to high single digit adjusted EBITDA growth targetnew
These drivers also reinforce our confidence in our mid to high single digit adjusted EBITDA growth target for the next five to seven years from our 2025 base.
OKE · transcript · Q3 FY2026
2026-10-28 16:26:00 UTCOpen source
OKEONEOK INC /NEW/FY2030
1 metric1 newearnings call · 1d
2026-10-28 16:26:57 UTC250Mnew
This project includes a 10-year firm transportation agreement for 250 million cubic feet per day of natural gas and is expected to be in service in late 2030.
OKE · transcript · Q3 FY2026
2026-10-28 16:26:00 UTCOpen source
OKEONEOK INC /NEW/FY2028
1 metric1 newearnings call · 1d
2026-10-28 16:26:57 UTC110Mnew
Additionally, we've been awarded another agreement to supply 110 million cubic feet per day for a 500 megawatt power plant expansion, which will go into effect in May 2028.
OKE · transcript · Q3 FY2026
2026-10-28 16:26:00 UTCOpen source
OKEONEOK INC /NEW/FY2026 · ends 2026-12-31
1 metric1 maintainedearnings call · 1d
2026-10-28 16:26:57 UTC$4.2Bmaintained23.1% vs FY2025
We now expect a 2026 net income midpoint of $4.18 billion and adjusted EBITDA midpoint of approximately $8.55 billion.
OKE · transcript · Q3 FY2026
2026-10-28 16:26:00 UTCOpen source
2026-10-27 20:28:57 UTC$4.1B – $4.3Braised +16.1%20.5% – 25.8% vs FY2025
ONEOK increased 2026 net income guidance to a range of $4.09 billion to $4.27 billion.
OKE · EX-99.1 · Q3 FY2026
2026-10-27 20:27:53 UTCOpen source
2026-08-05 04:01:34 UTC$3.6Bmaintained6% vs FY2025
We now expect a 2026 net income midpoint of $3.6 billion, a diluted earnings per share midpoint of $5.68, and an adjusted EBITDA midpoint of $8.35 billion.
OKE · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-08-03 20:23:13 UTC$3.4B – $3.8Braised +2.9%0.4% – 11.6% vs FY2025
Net income $ 3,410 - $ 3,790
OKE · EX-99.1 · Q2 FY2026
2026-08-03 20:22:11 UTCOpen source
2026-04-30 04:01:31 UTC$3.5Bmaintained3.1% vs FY2025
We now expect 2026 net income to increase to a midpoint of approximately $3.5 billion, with diluted earnings per share increasing to a midpoint of $5.53.
OKE · transcript · Q1 FY2026
2026-04-30 04:00:00 UTCOpen source
2026-04-28 20:24:05 UTC$3.2B – $3.8Braised +1.4%-5.4% – 11.6% vs FY2025
ONEOK increased 2026 net income guidance to a range of $3.21 billion to $3.79 billion.
OKE · EX-99.1 · Q1 FY2026
2026-04-28 20:22:52 UTCOpen source
2026-02-25 05:01:52 UTC$3.5Bmaintained1.6% vs FY2025
For 2026, we expect net income at a midpoint of approximately $3.45 billion or $5.45 per diluted share, and an Adjusted EBITDA midpoint of approximately $8.1 billion.
OKE · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-23 21:23:57 UTC$3.2B – $3.7Bnew
Net income $3,190 - $3,710
OKE · EX-99.1 · Q4 FY2025
2026-02-23 21:21:49 UTCOpen source
OKEONEOK INC /NEW/FY2027
2 metrics1 new1 maintainedearnings call · 1d
2026-10-28 16:26:57 UTC400Mmaintained
In 2027, Bighorn adds 400 million cubic feet per day of processing capacity in the Delaware.
OKE · transcript · Q3 FY2026
2026-10-28 16:26:00 UTCOpen source
2026-08-05 04:01:34 UTC400Mraised +33.3%
Additionally, based on production outlooks in the basin, we've increased the capacity of our Bighorn Plant to 400 MMcf/d from an initial capacity of 300 MMcf/d. Bighorn remains on schedule for completion in mid 2027.
OKE · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-04-30 04:01:31 UTC300Mnew
in addition to our 300 million cubic feet per day Bighorn Processing Plant that remains on schedule for completion in mid-2027.
OKE · transcript · Q1 FY2026
2026-04-30 04:00:00 UTCOpen source
2026-10-28 16:26:57 UTC330Mnew
Cassidy Two adds another approximately 330 million cubic feet per day of capacity in the Midland.
OKE · transcript · Q3 FY2026
2026-10-28 16:26:00 UTCOpen source
OKEONEOK INC /NEW/FY2026 · ends 2026-12-31
1 metric1 newearnings call · 1d
2026-10-28 16:26:57 UTCfinish the year near the top end of our original guidance rangenew
Based on our year-to-date performance, we expect refined products volumes to finish the year near the top end of our original guidance range.
OKE · transcript · Q3 FY2026
2026-10-28 16:26:00 UTCOpen source
OKEONEOK INC /NEW/FY2027 · ends 2027-12-31
1 metric1 newearnings call · 1d
2026-10-28 16:26:57 UTC14new
Based on current producer plans, we expect an average of approximately 14 rigs on the Brazos Midland dedicated acreage during 2027.
OKE · transcript · Q3 FY2026
2026-10-28 16:26:00 UTCOpen source
OKEONEOK INC /NEW/FY2026 · ends 2026-12-31
8 metrics3 raised3 lowered1 new1 maintainedearnings call · 1d
2026-10-28 16:26:57 UTC7%new
In our higher-margin crude gathering business, we expect full-year volumes to increase approximately 7%, supported by Midland producer activity averaging nearly 40 rigs on our dedicated acreage.
OKE · transcript · Q3 FY2026
2026-10-28 16:26:00 UTCOpen source
2026-10-27 20:28:57 UTC$515M – $535Mlowered -2.8%
Adjusted EBITDA from unconsolidated affiliates 535 - 515
OKE · EX-99.1 · Q3 FY2026
2026-10-27 20:27:53 UTCOpen source
2026-08-03 20:23:13 UTC$530M – $550Mnew
Adjusted EBITDA from unconsolidated affiliates 550 - 530
OKE · EX-99.1 · Q2 FY2026
2026-08-03 20:22:11 UTCOpen source
2026-10-27 20:28:57 UTC$1.6B – $1.6Braised +1.0%
Depreciation and amortization 1,605 - 1,555
OKE · EX-99.1 · Q3 FY2026
2026-10-27 20:27:53 UTCOpen source
2026-08-03 20:23:13 UTC$1.5B – $1.6Braised +0.3%
Depreciation and amortization 1,600 - 1,530
OKE · EX-99.1 · Q2 FY2026
2026-08-03 20:22:11 UTCOpen source
2026-04-28 20:24:05 UTC$1.5B – $1.6Bnew
Depreciation and amortization 1,600 - 1,520
OKE · EX-99.1 · Q1 FY2026
2026-04-28 20:22:52 UTCOpen source
2026-10-27 20:28:57 UTC$6.3raised +10.9%16.2% vs FY2025
• Earnings per diluted share increased to a midpoint of $6.30
OKE · EX-99.1 · Q3 FY2026
2026-10-27 20:27:53 UTCOpen source
2026-08-05 04:01:34 UTC$5.68maintained4.8% vs FY2025
We now expect a 2026 net income midpoint of $3.6 billion, a diluted earnings per share midpoint of $5.68, and an adjusted EBITDA midpoint of $8.35 billion.
OKE · transcript · Q2 FY2026
2026-08-05 04:00:00 UTCOpen source
2026-08-03 20:23:13 UTC$5.68raised +2.7%4.8% vs FY2025
Earnings per diluted share increased to a midpoint of $5.68
OKE · EX-99.1 · Q2 FY2026
2026-08-03 20:22:11 UTCOpen source
2026-04-30 04:01:31 UTC$5.53maintained2% vs FY2025
We now expect 2026 net income to increase to a midpoint of approximately $3.5 billion, with diluted earnings per share increasing to a midpoint of $5.53.
OKE · transcript · Q1 FY2026
2026-04-30 04:00:00 UTCOpen source
2026-04-28 20:24:05 UTC$5.53raised +1.5%2% vs FY2025
• Earnings per diluted share increased to a midpoint of $5.53.
OKE · EX-99.1 · Q1 FY2026
2026-04-28 20:22:52 UTCOpen source
2026-02-25 05:01:52 UTC$5.45lowered -0.1%0.6% vs FY2025
For 2026, we expect net income at a midpoint of approximately $3.45 billion or $5.45 per diluted share, and an Adjusted EBITDA midpoint of approximately $8.1 billion.
OKE · transcript · Q4 FY2025
2026-02-25 05:00:00 UTCOpen source
2026-02-23 21:23:57 UTC$5.04 – $5.87new
Diluted earnings per common share $5.04 - $5.87
OKE · EX-99.1 · Q4 FY2025
2026-02-23 21:21:49 UTCOpen source
2026-10-27 20:28:57 UTC-$390M – -$370Mraised +5.0%
Equity in net earnings from investments (370) - (390)
OKE · EX-99.1 · Q3 FY2026
2026-10-27 20:27:53 UTCOpen source
2026-08-03 20:23:13 UTC-$425M – -$375Mlowered -1.3%
Equity in net earnings from investments (375) - (425)
OKE · EX-99.1 · Q2 FY2026
2026-08-03 20:22:11 UTCOpen source
2026-04-28 20:24:05 UTC-$425M – -$365Mnew
Equity in net earnings from investments (365) - (425)
OKE · EX-99.1 · Q1 FY2026
2026-04-28 20:22:52 UTCOpen source
2026-10-27 20:28:57 UTC$60Mmaintained
Impairment of equity investments 60 - 60
OKE · EX-99.1 · Q3 FY2026
2026-10-27 20:27:53 UTCOpen source
2026-08-03 20:23:13 UTC$60Mmaintained
Impairment of equity investments 60 - 60
OKE · EX-99.1 · Q2 FY2026
2026-08-03 20:22:11 UTCOpen source
2026-04-28 20:24:05 UTC$60Mnew
Impairment of equity investments 60 - 60
OKE · EX-99.1 · Q1 FY2026
2026-04-28 20:22:52 UTCOpen source
2026-10-27 20:28:57 UTC$760M – $810Mlowered -30.2%
Income taxes 760 - 810
OKE · EX-99.1 · Q3 FY2026
2026-10-27 20:27:53 UTCOpen source
2026-08-03 20:23:13 UTC$1.1B – $1.2Braised +3.7%
Income taxes 1,065 - 1,185
OKE · EX-99.1 · Q2 FY2026
2026-08-03 20:22:11 UTCOpen source
2026-04-28 20:24:05 UTC$985M – $1.2Bnew
Income taxes 985 - 1,185
OKE · EX-99.1 · Q1 FY2026
2026-04-28 20:22:52 UTCOpen source
2026-10-27 20:28:57 UTC$1.6B – $1.7Blowered -5.1%
Interest expense, net of capitalized interest 1,675 - 1,645
OKE · EX-99.1 · Q3 FY2026
2026-10-27 20:27:53 UTCOpen source
2026-08-03 20:23:13 UTC$1.7B – $1.8Blowered -2.0%
Interest expense, net of capitalized interest 1,775 - 1,725
OKE · EX-99.1 · Q2 FY2026
2026-08-03 20:22:11 UTCOpen source
2026-04-28 20:24:05 UTC$1.7B – $1.8Bnew
Interest expense, net of capitalized interest 1,835 - 1,735
OKE · EX-99.1 · Q1 FY2026
2026-04-28 20:22:52 UTCOpen source