Information
TULSA, Okla., Feb. 23, 2026 (GLOBE NEWSWIRE) -- ONEOK, Inc. (NYSE: OKE) today announced fourth-quart...
Original sourceAI Summary
ONEOK's Q4 2025 net income was $978 million, exceeding expectations, while the full-year net income rose 12% to $3.39 billion, driven by increased NGL throughput. The company projects continued growth in 2026 with guidance for net income of $3.45 billion, supported by significant ongoing capital investments.
Sentiment Rationale
The strong performance and guidance reflect solid operational health, likely driving OKE's stock positively.
Trading Thesis
Investors should consider OKE for potential growth, aiming for long-term gains over the next 12 months.
Market-Moving
- 2026 guidance indicates continued earnings growth amid strong demand for NGLs.
- Increased throughput volumes in Rocky Mountain enhance revenue and margins.
- Reduced debt levels improve financial stability and flexibility for expansion.
Key Facts
- ONEOK reported strong Q4 2025 earnings of $978 million.
- Full-year 2025 income increased 12% to $3.39 billion.
- 2026 guidance shows potential net income of $3.45 billion.
- NGL throughput volumes rose 15% in Rocky Mountain region.
- ONEOK plans $2.7-$3.2 billion in capital expenditures for 2026.
Companies Mentioned
- EnLink Midstream (ENLC): Positive contributions from EnLink bolstering ONEOK's earnings.
- Medallion Midstream (MDN): Acquisitions from Medallion enhanced ONEOK's volume and earnings.
Corporate Developments
The article falls under 'Corporate Developments' due to ONEOK's financial performance and strategic growth initiatives. The strong earnings and effective capital management signal a robust operating strategy, which is crucial for midstream energy infrastructure.