ONEOK Inc

OKE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Oneok Earnings: 2026 EBITDA Growth Guidance Flat As Commodity Prices Weigh Down Expectations

Adam Baker

Feb 25, 2026

2025 EBITDA came in at the bottom of management's guidance, about $8 billion. Management guided to $8.1 billion for 2026. This flat guide stands in stark contrast to the previous guidance of midsingle to low-double-digit EBITDA growth.

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ONEOK Inc

Oneok Earnings: 2026 EBITDA Growth Guidance Flat As Commodity Prices Weigh Down Expectations

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