ONEOK Q4 Earnings Call Highlights

Norton highlighted ONEOK’s “integrated platform advantage,” saying the Magellan, Eastern, Inland, and Medallion acquisitions are expected to be fully embedded in 2026 across its NGL, refined products, crude, and natural gas systems. He said ONEOK has realized nearly $500 million of total synergies since closing the Magellan acquisition in September 2023, including approximately $250 million in 2025 alone, which he said exceeded original expectations.In the fourth quarter, net income attributable to ONEOK to ...