ONEOK, Inc. plans to release its first quarter 2025 earnings report at the end of the month.
The Tulsa-based company announced the release will be after the market closes on April 29. Members of the firm’s management team will take part in a conference call set for 10 a.m. central time the following day.
ONEOK is coming off reported higher fourth-quarter 2024 results
- Net income including noncontrolling interests of $1.0 billion.
- Net income excluding noncontrolling interests of $923 million (most of which is related to the EnLink acquisition closing on Jan. 31, 2025), resulting in $1.57 per diluted share.
- Adjusted EBITDA of $2.17 billion.
- 3% increase in Rocky Mountain region NGL raw feed throughput volumes.
- 4% increase in crude oil volume shipped.
- 11% increase in total wells connected.
Higher Full-year 2024 Results, Compared with Full Year 2023:
- Net income including noncontrolling interests of $3.1 billion.
- Net income excluding noncontrolling interests of $3.0 billion (most of which is related to the EnLink acquisition closing on Jan. 31, 2025), resulting in $5.17 per diluted share.
- Adjusted EBITDA of $6.78 billion.
- 8% increase in Rocky Mountain region NGL raw feed throughput volumes.
- 6% increase in Rocky Mountain region natural gas volumes processed.
“ONEOK’s strong performance in 2024 was driven by contributions from multiple strategic acquisitions, volume growth and fee-based earnings,” said Pierce H. Norton II, ONEOK president and chief executive officer when the 4Q earnings were released in late February.