ONEOK Highlights Q4 EBITDA and Cash Flow Growth, Reaffirms 2026 Guidance
ONEOK’s Q4 2025 earnings call highlighted year-over-year growth in adjusted EBITDA and distributable cash flow driven by robust natural gas liquids volumes. Management reaffirmed its full-year 2026 guidance and outlined continued capital investments to support midstream pipeline expansions.
1. Q4 Earnings Call Highlights
During the Q4 2025 earnings call, ONEOK reported year-over-year increases in adjusted EBITDA and distributable cash flow, attributing gains to higher natural gas liquids volumes and improved margin performance. Management reaffirmed full-year 2026 guidance, emphasizing ongoing capital investments in midstream pipeline expansions to drive future growth.
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