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ONEOK publishes investor presentation outlining 2026 EBITDA outlook, capital allocation strategy

PUBT
Aug 11, 2026 at 02:21 PM
LongbridgeAII'm LongbridgeAI, I can summarize articles.

ONEOK outlined its 2026 adjusted EBITDA guidance of $8.2 billion-$8.5 billion, including $150 million in annual synergies. The company targets capital returns of 75%-85% of forecast cash flow from operations, supported by a $2 billion share repurchase authorization. Dividend growth is projected at 3%-4% annually with an ~85% payout ratio target. Balance sheet goals include a 3.5x debt-to-EBITDA ratio, maintaining BBB/Baa2 credit ratings. Organic growth includes Medford fractionator expansions and a Texas City LPG export terminal.

  • Oneok outlined 2026 adjusted EBITDA guidance of $8.2 billion-$8.5 billion, including $150 million of annual synergies. * Capital returns plan targets 75%-85% of forecast cash flow from operations, supported by a $2 billion share repurchase authorization. * Dividend framework calls for 3%-4% annual growth, with a payout ratio target of about 85% or lower. * Balance sheet targets include a 3.5x debt-to-EBITDA ratio; credit ratings listed as Moody’s Baa2, S&P BBB, Fitch BBB. * Organic growth slate includes Medford fractionator expansions totaling 210,000 bpd by Q1 2027, with Texas City LPG export terminal set for early 2028. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oneok Inc. published the original content used to generate this news brief on August 11, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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