ONEOK Inc

OKE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Oneok Earnings: 2025 Guidance Affirmed; 2026 Guidance Reduced

Adam Baker

Aug 6, 2025

Oneok missed adjusted EBITDA expectations, posting $1,941 million versus PitchBook consensus of $2,014 million. Management maintained 2025 EBITDA guidance, while communicating that 2026 would likely come in $200 million lower than originally expected at the beginning of 2025.

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United States

ONEOK Inc

Oneok Earnings: 2025 Guidance Affirmed; 2026 Guidance Reduced

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