TULSA - ONEOK, Inc. (NYSE: OKE) today announced higher first quarter 2021 results and increased 2021 financial guidance.

Higher First Quarter 2021 Results, Compared With First Quarter 2020

Net income of $386.2 million, resulting in 86 cents per diluted share.

24% increase in adjusted EBITDA to $866.4 million.

20% increase in Rocky Mountain region NGL raw feed throughput volumes.

5% increase in Rocky Mountain region natural gas volumes processed.

$1.04 per MMBtu average fee rate in the natural gas gathering and processing segment.

Increased 2021 Guidance

Net income midpoint increase to $1.35 billion.

Diluted earnings per common share midpoint increase to $3.02.

Adjusted EBITDA midpoint increase to $3.2 billion.

This news release contains certain 'forward-looking statements' within the meaning of federal securities laws. Words such as 'anticipates,' 'believes,' 'continues,' 'could,' 'estimates,' 'expects,' 'forecasts,' 'goal,' 'guidance,' 'intends,' 'may,' 'might,' 'outlook,' 'plans,' 'potential,' 'projects,' 'scheduled,' 'should,' 'will,' 'would,' and similar expressions may be used to identify forward-looking statements. Forward-looking statements are not statements of historical fact and reflect our current views about future events. Such forward-looking statements include, but are not limited to, statements about the benefits of the transaction involving us, including future financial and operating results, our plans, objectives, expectations and intentions, and other statements that are not historical facts, including future results of operations, projected cash flow and liquidity, business strategy, expected synergies or cost savings, and other plans and objectives for future operations. No assurances can be given that the forward-looking statements contained in this news release will occur as projected and actual results may differ materially from those projected.

Contact:

Megan Patterson

Tel: 918-561-5325

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