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ONEOK, Inc. reported strong full-year 2025 results, with net income attributable to ONEOK of $3.39 billion and adjusted EBITDA of $8.02 billion, driven by higher natural gas liquids and gas processing volumes and contributions from the EnLink and Medallion acquisitions.
Diluted EPS reached $5.42, up 11% excluding 2024 divestiture gains, while Rocky Mountain NGL raw feed volumes rose 15%. ONEOK guided 2026 net income to $3.19–$3.71 billion, adjusted EBITDA to $7.9–$8.3 billion, and plans $2.7–$3.2 billion of capital spending focused on NGL, refined products, and gas infrastructure projects.
ONEOK Inc. reported that officer Walter S. Hulse III received a grant of 24,628 restricted stock units labeled RSU 2026. These units were awarded under the company’s Equity Incentive Plan at no purchase price.
The award vests on February 18, 2029. During the vesting period, the units will be credited with dividend equivalents, which will be paid in additional shares of common stock when the underlying units vest and are issued. Each vested restricted unit, including those from dividend equivalents, will convert into one share of ONEOK common stock. The filing notes this grant represents 50% of Hulse’s annual Equity Incentive Plan award granted in February 2026.
ONEOK Inc. officer Randy N. Lentz reported an equity award of 14,115 restricted stock units labeled “RSU 2026.” These restricted units were granted at a price of $0.00 per unit and are held as direct ownership.
The award was granted under ONEOK’s Equity Incentive Plan and is scheduled to vest on February 18, 2029. During the three-year vesting period, the units will be credited with dividend equivalents, which will be paid in additional shares of common stock when the underlying units vest. Each vested restricted unit, including any added through dividend equivalents, will convert into one share of ONEOK common stock. The filing notes that this grant represents 50% of Lentz’s annual Equity Incentive Plan award for February 2026.
SPEARS MARY M reported acquisition or exercise transactions in this Form 4 filing.
ONEOK officer Mary M. Spears reported receiving a grant of 5,473 RSU 2026 restricted stock units under the company’s Equity Incentive Plan. The award vests on February 18, 2029 and will accrue dividend equivalents, paid in common shares when the units vest. The filing notes this represents 50% of her annual equity incentive award granted in February 2026.
Taylor Lyndon C reported acquisition or exercise transactions in this Form 4 filing.
ONEOK Inc. reported that executive Lyndon C. Taylor received a grant of 17,283 restricted stock units (RSUs) under the company’s Equity Incentive Plan on February 18, 2026.
The RSUs vest on February 18, 2029, and will accrue dividend equivalents that are paid in additional shares upon vesting. The filing notes this grant represents 50% of Taylor’s annual equity incentive award for February 2026.
SWORDS SHERIDAN C reported acquisition or exercise transactions in this Form 4 filing.
ONEOK INC reported that executive Sheridan C. Swords received a grant of 14,115 restricted stock units (RSUs) under the company’s Equity Incentive Plan, recorded as a derivative award with no cash paid per unit. The RSU award, labeled "RSU 2026," represents 50% of Swords’ annual equity incentive award for February 2026.
The units vest on February 18, 2029. During the three-year vesting period, the award will be credited with dividend equivalents, which will be paid in additional shares of common stock when the underlying units vest and are issued. Each vested restricted unit, including those from dividend equivalents, will be settled in one share of ONEOK common stock, increasing Swords’ direct equity-linked exposure to the company.
BURDICK KEVIN L reported acquisition or exercise transactions in this Form 4 filing.
ONEOK Inc. reported that executive Kevin L. Burdick received a grant of 12,098 restricted stock units (RSU 2026) under the company’s Equity Incentive Plan at a price of $0.00 per unit. The award vests on February 18, 2029, and will accrue dividend equivalents in additional units, all payable in shares of common stock upon vesting. According to the disclosure, this grant represents 50% of Burdick’s annual equity incentive award for February 2026.
NORTON PIERCE reported acquisition or exercise transactions in this Form 4 filing.
ONEOK Inc. granted director and officer Pierce Norton an award of 60,491 restricted stock units (RSUs) labeled "RSU 2026" on February 18, 2026. The RSUs vest on February 18, 2029 and will earn dividend equivalents paid in additional shares when the units vest. Each vested unit, including those from dividend equivalents, will be settled in one share of common stock. The filing states this grant represents 50% of Norton's annual Equity Incentive Plan award for February 2026.
ONEOK Inc. executive Randy N. Lentz reported equity award vesting and related tax withholding. On 01/30/2026, 6,556.6169 shares of common stock were issued upon the vesting and settlement of restricted stock units at $79.19 per share.
On the same date, 1,686 common shares at $79.19 were withheld (code F) to cover obligations such as taxes, leaving Lentz with 5,139.3479 common shares directly owned. He also continues to hold 12,225 restricted stock units that remain subject to vesting under ONEOK’s equity incentive plan.
ONEOK Inc. director Mark A. McCollum received 727 shares of common stock on January 23, 2026. The shares were acquired at a price of $78 per share and are held directly by him following the transaction.
According to the disclosure, McCollum was elected to ONEOK's Board of Directors effective January 23, 2026. The stock grant represents his annual stock retainer, prorated for the period from January 2026 through April 2026, and was issued under ONEOK's 2025 Equity Incentive Plan. After this grant, he beneficially owns 727 shares of ONEOK common stock.