Ahead of this earnings release, the estimate revisions trend for Oneok: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Oneok shares have lost about 12.5% since the beginning of the year versu ...

Exhibit 99.1 ew April 29, 2025 Analyst Contact: Megan Patterson Media Contact: 918-561-5325 Brad Borror 918-588-7582 ONEOK Announces Higher First Quarter 2025 Earnings; Affirms 2025 Financial Guidance Higher Year-Over-Year Rocky Mountain Region Volumes TULSA, Okla. - April 29, 2025 - ONEOK, Inc. (NYSE: OKE) today announced higher first quarter 2025 results and affirmed full-year 2025 financial guidance. Higher First Quarter 2025 Results, Compared With First Quarter 2024: "ONEOK's solid first quarter results ...

Core Viewpoint - ONEOK, Inc. reported higher first quarter 2025 results compared to the same period in 2024 and affirmed its full-year 2025 financial guidance, driven by increased volumes in the Rocky Mountain region and contributions from strategic acquisitions [1][2][4]. Financial Performance - Net income for the first quarter of 2025 was $691 million, with net income attributable to ONEOK at $636 million, resulting in diluted earnings per share of $1.04 [8][10]. - Adjusted EBITDA for the quarter was $1.775 billion, reflecting a significant increase from $1.441 billion in the first quarter of 2024 [8][10]. - Operating income rose to $1.220 billion, up from $1.064 billion in the previous year [8]. Volume and Growth - There was a 15% increase in NGL raw feed throughput volumes and a 7% increase in natural gas volumes processed in the Rocky Mountain region [8]. - The performance was supported by a full quarter of adjusted EBITDA from the EnLink and Medallion acquisitions, alongside higher processing volumes [11]. Strategic Initiatives - ONEOK completed the acquisition of EnLink Midstream on January 31, 2025, which contributed to the financial results [9]. - The company announced joint ventures for a new 400,000-barrel per day LPG export terminal in Texas City, Texas, and a pipeline connecting to its Mont Belvieu storage facility [9]. - ONEOK repurchased 190,000 shares of common stock for $17.4 million under its $2 billion share repurchase program, totaling 1.865 million shares repurchased since January 2024 [9]. Capital Expenditures - Total capital expenditures for the first quarter of 2025 were $629 million, compared to $512 million in the same quarter of 2024 [8]. - The Natural Gas Liquids Segment reported adjusted EBITDA of $635 million, while the Refined Products and Crude Segment reported $471 million [13][14]. Future Outlook - The company expects continued execution on acquisition-related synergies and organic growth projects to support growth throughout 2025, enhancing shareholder value [4].

Group 1 - Oneok Inc. (OKE) is expected to report quarterly earnings of $1.23 per share, reflecting a year-over-year increase of 12.8% [1] - Revenues are anticipated to reach $7 billion, which is a 46.4% increase from the same quarter last year [1] - There has been a downward revision of 2.6% in the consensus EPS estimate over the past 30 days, indicating a reappraisal by analysts [1] Group 2 - Analysts predict 'Natural gas processed per day' at 6,118.74 BBtu/d, up from 2,894 BBtu/d reported in the same quarter last year [4] - The forecast for 'Raw feed throughput - Natural Gas Liquids' is 1,369.48 million barrels per day, compared to 1,241 MBBL/d in the previous year [4] - 'Adjusted EBITDA- Natural Gas Liquids' is expected to be $686.37 million, an increase from $588 million year-over-year [5] Group 3 - 'Adjusted EBITDA- Natural Gas Pipelines' is forecasted to reach $171.15 million, compared to $165 million reported in the same quarter last year [5] - 'Adjusted EBITDA- Natural Gas Gathering and Processing' is estimated at $529.00 million, up from $306 million in the previous year [6] Group 4 - Oneok shares have shown a return of -12.4% over the past month, while the Zacks S&P 500 composite has changed by -4.3% [7] - Oneok holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [7]

The upcoming report from Oneok Inc. (OKE) is expected to reveal quarterly earnings of $1.23 per share, indicating an increase of 12.8% compared to the year-ago period. Analysts forecast revenues of $7 billion, representing an increase of 46.4% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a compan ...

ONEOK Inc. (OKE) is scheduled to release first-quarter 2025 results on April 29, after market close. The company delivered an earnings surprise of 8.3% in the last reported quarter. (See the Zacks Earnings Calendar to stay ahead of market-making news.) Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Key Factors That May Impact OKE's Q1 Results In December 2025, ONEOK completed MB-6, a 125,000-barrel per day (bpd) natural gas liquids (NGL) fractionator in Mont Bel ...

Financial Data and Key Metrics Changes - Full year adjusted EBITDA for 2024 was $6,800,000,000, an 8% increase year over year [6] - Total adjusted EBITDA for Q4 was $1,800,000,000, a 9% increase from the prior year [21] - Distributable cash flow for Q4 was $1,500,000,000, a 7% increase year over year [21] - The company returned nearly $4,000,000,000 of capital to unitholders in 2024, maintaining distribution coverage of 1.5 times [8][21] Business Line Data and Key Metrics Changes - In the Crude Oil and Products Logistics segment, adjusted EBITDA increased by $60,000,000 compared to Q4 2023, driven by higher rates and throughputs [18] - The Natural Gas and NGL Services segment achieved a record adjusted EBITDA increase of $79,000,000 compared to Q4 2023, with gathered volumes up 8% year over year [19] - Processing volumes in the Utica increased nearly 50% year over year, with Marcellus processing utilization at 92% [20] Market Data and Key Metrics Changes - MPLX handles over 10% of all natural gas produced in the United States [7] - The company anticipates mid-teen returns on its capital expenditure outlook of $2,000,000,000 for 2025, with 85% allocated to natural gas and NGL Services [9] Company Strategy and Development Direction - MPLX is focused on organic growth projects and strategic acquisitions, investing $1,700,000,000 in 2024 [7] - The company announced a significant project to construct a Gulf Coast fractionation complex and export terminal, enhancing its NGL value chain [10] - MPLX aims to maintain a mid-single-digit growth rate over multi-year periods while optimizing its asset base [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth opportunities, citing favorable macro conditions for energy and robust demand for natural gas [15][16] - The company is well-positioned to support the development plans of producer customers, with expectations for continued distribution increases [26] Other Important Information - MPLX's capital allocation priorities include maintenance capital, secure and growing distributions, and investments in growth opportunities [24] - The company plans to market ethane production from the new fractionation complex to both existing and new customers [11] Q&A Session Summary Question: Background on NGL value chain announcement - Management explained the strategic rationale behind the Gulf Coast NGL value chain expansion and the partnership with ONEOK, emphasizing confidence in future EBITDA growth [30][34] Question: Future opportunities for processing capacity - Management discussed the potential for additional processing capacity and the importance of connectivity to export markets [35][36] Question: Distribution growth outlook - Management remains optimistic about mid-single-digit growth in EBITDA and the sustainability of distribution increases, including the recent 12.5% hike [44][45] Question: Capital deployment cadence - Management clarified that the $2,000,000,000 capital expenditure estimate for 2025 is primarily for organic growth, with M&A opportunities considered separately [78][80] Question: LPG export project partnership details - Management provided insights into the joint venture structure with ONEOK for the export terminal and the strategic importance of storage in Mont Belvieu [81][85] Question: NGL control and contracting - Management indicated that currently, NGLs from processing plants are fractionated at third-party facilities, but future projects will allow for more control [91][93] Question: Marcellus activity trends - Management confirmed that Marcellus activity is trending as expected, with high utilization rates and positive market conditions [112] Question: Balancing growth and shareholder returns - Management emphasized that the primary return of capital tool will remain distributions, with share repurchases considered opportunistically [115]