ONEOK Posts 18% EBITDA Growth, Guides Higher for 2026

Edgen Stock·Feb 23 2026, 21:31

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Key Takeaways

ONEOK, Inc. reported strong full-year 2025 financial results on February 23, 2026, showing significant growth in key profitability metrics. The energy infrastructure company also provided its initial financial guidance for 2026, signaling confidence in its forward-looking performance.

ONEOK's full-year 2025 net income increased by 11%, while adjusted EBITDA grew 18%, demonstrating strong operational execution.
The company issued new financial guidance for 2026, providing investors with a clear outlook on expected performance.
The positive results reflect underlying strength in ONEOK's midstream energy operations and could bolster investor sentiment in the sector.

ONEOK Reports 18% Adjusted EBITDA Growth for 2025

ONEOK, Inc. (NYSE: OKE) announced robust financial results for the fourth-quarter and full-year 2025 on February 23, 2026. The Tulsa-based energy firm reported that its full-year net income climbed 11% compared to the prior year. More significantly, adjusted EBITDA—a key measure of profitability and operational performance—increased by a substantial 18%, highlighting the company's successful execution and efficiency gains within its midstream operations.

Company Issues Positive Financial Guidance for 2026

In conjunction with its strong 2025 earnings, ONEOK provided its financial guidance for 2026. The release of a new forecast indicates management's confidence in sustained growth and stable performance heading into the new fiscal year. This forward-looking statement provides investors with a crucial benchmark for evaluating the company's trajectory and the potential returns on its infrastructure assets. The combination of historical outperformance and a confident outlook positions ONEOK favorably within the energy sector.