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Close of Nov 06, 2026 · end-of-day data
OKE 8-K filings in 2025
Every material Form 8-K Oneok filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
ONEOK reported third quarter 2025 net income of $940 million, or $1.49 per diluted share, up from $693 million, or $1.18 per share, a year earlier. Adjusted EBITDA rose to $2.12 billion from $1.545 billion, driven mainly by the EnLink and Medallion acquisitions and higher volumes. The company affirmed its full-year 2025 net income and adjusted EBITDA guidance ranges.
Q3 2025 net income of $940 million ($1.49 per diluted share) versus $693 million ($1.18) in Q3 2024
Q3 2025 adjusted EBITDA of $2.12 billion, including $7 million of transaction costs, versus $1.545 billion a year earlier
Full-year 2025 net income and adjusted EBITDA guidance ranges affirmed, not changed
Quarterly dividend of $1.03 per share declared in October 2025; $1.2 billion of cash and cash equivalents at Sept. 30, 2025
ONEOK completed an underwritten public offering of $3.0 billion in senior notes due 2032, 2035 and 2055, with net proceeds of approximately $2.959 billion. The company plans to use the proceeds mainly to repay all outstanding commercial paper and its senior notes due September 15, 2025, which refinances near-term debt rather than adding a stated new use for shareholders.
Notes issued August 12, 2025: $750 million of 4.950% notes due 2032, $1.0 billion of 5.400% notes due 2035, and $1.25 billion of 6.250% notes due 2055
Net proceeds of approximately $2.959 billion after underwriting discounts and estimated offering expenses
Proceeds intended to repay all outstanding commercial paper and senior notes due September 15, 2025, with any remaining amount for general corporate purposes
Notes are guaranteed by ONEOK Partners, Magellan Midstream Partners, EnLink Midstream Partners and other subsidiaries
ONEOK priced a $3.0 billion offering of senior notes in three tranches maturing in 2032, 2035 and 2055, with an expected net close of about $2.96 billion on or about August 12, 2025. The company plans to use the proceeds to repay all outstanding commercial paper and its senior notes due September 15, 2025, with any remaining funds for general corporate purposes, which may include debt repurchases or redemptions.
$750 million of 4.950% notes due 2032, $1.0 billion of 5.400% notes due 2035, and $1.25 billion of 6.250% notes due 2055
Expected net proceeds of about $2.96 billion, with closing expected on or about August 12, 2025
Proceeds to repay all outstanding commercial paper and senior notes due September 15, 2025, at maturity
ONEOK reported second quarter 2025 net income attributable to ONEOK of $841 million, up from $780 million a year earlier, and diluted earnings of $1.34 per share, compared with $1.33. The company affirmed its full-year 2025 financial guidance ranges, and results were driven mainly by the EnLink and Medallion acquisitions. Shareholders get a higher quarterly profit, but the quarter included $22 million of pretax transaction costs, mostly tied to the EnLink acquisition.
Net income attributable to ONEOK was $841 million for the quarter ended June 30, 2025, versus $780 million in the same period of 2024.
Diluted earnings per share were $1.34, versus $1.33 a year earlier.
Adjusted EBITDA was $1.98 billion, versus $1.62 billion a year earlier; the figure includes $21 million of transaction costs.
ONEOK affirmed its full-year 2025 financial guidance ranges and will hold an earnings conference call on Aug. 5, 2025, at 11 a.m. Eastern.
At its May 21, 2025 annual meeting, ONEOK shareholders approved a new 2025 Equity Incentive Plan and a 2025 Employee Stock Award Program, both previously approved by the board on February 19, 2025. The filing also reports that all ten director nominees were elected and that shareholders ratified PricewaterhouseCoopers LLP as auditor and approved executive pay on an advisory basis.
The 2025 Equity Incentive Plan authorizes up to 16,870,000 new shares plus 2,278,971 shares carried over from the 2018 plan, which will no longer be granted.
The 2025 Employee Stock Award Program authorizes 700,000 shares, with eligible U.S. employees receiving one share at share price benchmarks set by the program.
Shareholders approved the advisory say-on-pay vote with about 422.8 million votes for and about 27.4 million against.
All ten director nominees were elected to one-year terms expiring at the 2026 annual meeting.
ONEOK reported first quarter 2025 net income attributable to ONEOK of $636 million, or $1.04 per diluted share, down from $639 million, or $1.09, a year earlier. Adjusted EBITDA rose to $1.78 billion from $1.44 billion, helped by the EnLink acquisition, and the company affirmed its full-year 2025 financial guidance. Shareholders get higher operating scale but slightly lower per-share earnings this quarter, with transaction costs from the EnLink deal weighing on results.
Net income attributable to ONEOK was $636 million, or $1.04 per diluted share, versus $639 million, or $1.09, in Q1 2024.
Adjusted EBITDA was $1.78 billion versus $1.44 billion; total revenues were $8.04 billion versus $4.78 billion.
EnLink acquisition closed Jan. 31, 2025; $42 million of related transaction costs reduced diluted EPS by 5 cents.
Company affirmed full-year 2025 financial guidance and declared a quarterly dividend of $1.03 per share in April 2025.
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.
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.
ONEOK entered a second amended and restated credit agreement on February 14, 2025, with Citibank as administrative agent. The $3.5 billion unsecured revolving facility replaces the prior $2.5 billion facility and extends maturity from June 2028 to February 2030. Subsidiaries ONEOK Partners, Magellan, and EnLink guaranteed the obligations, which matters to shareholders because it expands the company's committed borrowing capacity and extends its debt maturity profile.
Facility size increased from $2.5 billion to $3.5 billion; ONEOK may request up to an additional $1.0 billion in commitments.
Maturity extended from June 2028 to February 2030, with the term running five years from the February 14, 2025 closing date.
Covenant requires a net leverage ratio not to exceed 5.00:1.00, stepping up to 5.50:1.00 for two fiscal quarters after an acquisition over $25 million.
Guarantors include ONEOK Partners, L.P., ONEOK Partners Intermediate Limited Partnership, Magellan Midstream Partners, L.P., and EnLink Midstream Partners, LP, all wholly owned subsidiaries.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Oneok filing is on SEC EDGAR ↗. 8-K briefs of other companies →