ONEOK reports Q4 2023 earnings of $688M, projects 2024 double-digit adjusted EBITDA growth, and approves Elk Creek Pipeline expansion.
ONEOK, a natural gas company, reported Q4 2023 earnings of $688M ($1.18/share) and full-year earnings of $2.7B, up 20% and 17% in Rocky Mountain and Gulf Coast/Permian NGL raw feed volumes, respectively. In 2024, ONEOK expects double-digit adjusted EBITDA growth, a 3.7% dividend increase, and a $2B share repurchase program. The company also approved the Elk Creek Pipeline expansion to 435,000 barrels/day.
February 26, 2024
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