ONEOK Q4 2024 net income rises to $923 million, or $1.57 per diluted share
ONEOK reported fourth-quarter 2024 net income attributable to ONEOK of $923 million, or $1.57 per diluted share, up from $688 million, or $1.18 per share, a year earlier, and revenue rose to $7.0 billion from $5.2 billion. Full-year diluted earnings per share fell to $5.17 from $5.48, which the company's 2023 comparison base includes a one-time insurance settlement gain, while full-year adjusted EBITDA rose to $6.78 billion from $5.24 billion.
Key points
- Fourth-quarter adjusted EBITDA was $2.17 billion, up from $1.51 billion in the fourth quarter of 2023.
- Full-year diluted EPS was $5.17, versus $5.48 in 2023, which included a $633 million benefit related to the Medford incident.
- In January 2025, the quarterly dividend was raised 4% to $1.03 per share.
- As of Feb. 17, 2025, ONEOK had repurchased 1.675 million shares for $171.7 million under its $2 billion repurchase program.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 24, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.