ONEOK

Growing. Integrated. Reliable. These three words describe a company on a transformation journey, anchored by its rich history and inspired by a new strategic path forward. Link in the comments to read more in our 2024 Annual Report.

Last week, I was proud to participate in the Live United Awards, a celebration honoring the Tulsa Area United Way (TAUW)’s incredible 2024 centennial campaign. Alongside special guest United Way Worldwide President and CEO Angela F. Williams, JD, M.Div, TAUW President and CEO Alison Anthony and my fellow tri-chairs, Stephania Grober and Emeka Nnaka, we honored the nonprofits, small businesses and corporations whose generosity made this year’s campaign a record-breaker, raising more than $27 million. But, this campaign was about more than celebrating 100 years – it was about recognizing the dedication and heart it takes to stand strong for a century. Alison said it best when she shared the proverb, “Plant trees under whose shade we may never sit.” As I reflect on the 2024 campaign, I am inspired by the strength, commitment and conviction of every donor, nonprofit, company and volunteer who stepped forward to “plant trees” for the future. Thank you to the more than 8,700 community volunteers who played a role in this year’s campaign, including my former ONEOK colleague and true community advocate, Rob Martinovich, who was honored for his leadership in establishing the Unite Forever Endowment Fund. I’d like to especially thank the many ONEOK employees who participated in our companywide campaign, appropriately titled, “We give as ONE.” It’s been an honor and an inspiration to serve as a tri-chair this year. As we  pass the torch for the next 100 years, we look forward to continuing to support United Ways across ONEOK’s operating areas as we continue to live out our Core Value of Service.

At CERAWeek 2025 we had the chance to catch up with our EVP and #COO Randy Lentz, who reflected on our growth and his focus on collaboration and safety. #CERAWeek

Our daily lives are powered by energy. Innovation in our homes, our modes of transportation and the devices we use to connect and learn have all been transformed over time by energy products like those moved by ONEOK, providing accessibility at scale. But this accessibility will need infrastructure to move products from basins to the demand centers where they’re needed. With demand for energy increasing driven by data centers for #AI, liquified natural gas (LNG) and liquified petroleum gas (LPG) exports, our industry is on the cusp of yet another era of tremendous growth – an era that will require more infrastructure. At CERAWeek 2025 I was privileged to have the opportunity to share my views on this pivotal issue as part of the "Energy and Infrastructure: Building for Growth” panel from CERAWeek, alongside S&P Global’s Edurne Zoco PhD, Siemens Energy’s Tim Holt, and NextEra Energy Resources’ Rebecca Kujawa. From drivers of #energy demand to factors impacting infrastructure investment, construction and power, our conversation was broad and I was honored to join my energy colleagues on stage. But even with all the promise and possibilities we see ahead of us, one key question remains: Can the energy industry rise to the challenge? My answer? 𝐘𝐞𝐬, 𝐚𝐧𝐝 𝐈’𝐦 𝐜𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐭 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐰𝐞’𝐯𝐞 𝐝𝐨𝐧𝐞 𝐢𝐭 𝐛𝐞𝐟𝐨𝐫𝐞. Consider this ... in 2007 at the beginning of the shale revolution, the annual natural gas production was approximately 20 trillion cubic feet (Tcf). 𝐈𝐧 𝐥𝐞𝐬𝐬 𝐭𝐡𝐚𝐧 20 𝐲𝐞𝐚𝐫𝐬, 𝐭𝐡𝐚𝐭 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝐝𝐨𝐮𝐛𝐥𝐞𝐝, 𝐫𝐞𝐚𝐜𝐡𝐢𝐧𝐠 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 41 𝐓𝐜𝐟 𝐢𝐧 2024. Over this period, the #midstream industry responded to this incredible demand with numerous organic growth projects and is poised to respond again to future energy demands. I know there will be unforeseen challenges ahead. That’s a certainty. But if we have the right mindset and work together, we can navigate whatever environment we find ourselves in. And if we do that, we will continue to maintain energy security in the United States and improve standard of living for people around the globe – creating accessibility at scale. #CERAWeek

This #WomensHistoryMonth, we kicked off our third Momentum Leadership Program cohort. Partnering with author and speaker Jo Miller, Momentum aims to develop women leaders and allies to build their personal brand and navigate their career goals.

🌟 Thrilled to have moderated an insightful panel at CERAWeek on "Energy and Infrastructure: Building for Growth" with Rebecca Kujawa, Pierce Norton, and Tim Holt at #CERAWeek! 🌟 We only had 40 minutes, but we covered so much ground! 🔔 Is the increase in power demand in the US overplayed or underplayed? 🔔 Will the US power system end up with either a capacity crunch or grid collapse? 🔔 Will the grid end up being the bottleneck for all power generation technologies?  🔔 Infrastructure spending- Who should pay the bill?  We had a lively discussion on how to cope with the rising power demand, the weakest links in US energy infrastructure, and solutions to current tensions in the US energy supply chain and its impact on infrastructure building. #gasturbines #transformers #regulation #labor #grid #gasinpower #cleanfirming #24/7 Siemens Energy NextEra Energy Resources ONEOK A big thank you to all the panelists for another fantastic discussion! 🙌 S&P Global Commodity Insights

If you’re involved in #energy, there is simply no better place to be than in Houston for #CERAWeek. It’s my third year here at the “Super Bowl of Energy” and I’m proud to join my ONEOK colleagues for a week of rich conversations and learnings around a topic that touches so many aspects of our lives. Like last year, a key focus of the CERAWeek 2025 conversation is #AI. But unlike the conversation in 2024 – which centered around AI for energy – there’s been a noticeable shift to energy FOR AI. Natural gas plays a vital role in powering artificial intelligence data centers, which are expected to increase natural gas demand by 1-3 Tcf per year. The focus on speed to market will also guide the need for siting these data centers near existing pipeline infrastructure, as well as the design of the behind-the-meter solutions necessary to power the AI era. I also had the pleasure of sitting down with Bloomberg Television’s Alix Steel yesterday to talk a bit about our progress and the opportunities and challenges for our industry. At ONEOK, we have a slogan: “we don’t pick sides, we pick issues.” The issue we all need to focus on is getting energy as quick as we can to market – and building the infrastructure and integrated systems to support it. I believe ONEOK is the best growth story in the U.S. – a story that is still being written by our 6,000 employees who work in safe, reliable and environmentally responsible ways each day. I’m proud of what they are doing and what they will accomplish in the future to deliver the energy we will need to meet these growing demands.

The future of #energy is a global issue and one of great opportunity - including finding efficiencies by harnessing the vast amount of #data available to our industry. Matt Drouhard, our vice president of corporate planning & market fundamentals, and Megan Patterson, our vice president of investor relations shared their perspectives with us from #CERAWeek 2025. #energytransformation CERAWeek

Yesterday at CERAWeek 2025, our executive vice president, chief financial officer, and treasurer Walter Hulse sat down with leaders from CPP Investments | Investissements RPC, Oliver Wyman and ORLEN S.A. on a panel about allocating capital for energy investment. Here are two key takeaways from Walt about investment decision-making at ONEOK: ✅ #AI and our midstream business are chasing the same electricity needs today, so when we make investment decisions we need to carefully weigh opportunities to invest in powering generative AI and to support our own growth. ✅ Current policy trends are taking pressure off investors to think about driving change and are focused more on returns and lower risk. Today, good quality projects without commodity risk that hold their own merit are the ones getting done. #CERAWeek

Electricity demand has been a key topic at CERAWeek, and for good reason. During a panel led by Edurne Zoco PhD with Pierce Norton from ONEOK and Tim Holt from Siemens, we were asked whether this demand is real or overstated. It’s very real and has been building for some time. While electricity makes up about 5% of GDP, it’s the first 5%—economic growth depends on power availability. And as the U.S. expands its manufacturing and technology sectors, the need for power grows with it. Meeting this demand requires leveraging all forms of energy, but just as important is delivering the lowest-cost solutions that meet our customers’ speed-to-market needs. Affordability must stay top of mind for all stakeholders. We are in the middle of a major transformation in an industry essential to daily life. Embracing this opportunity, pushing innovation, and working together will be key to success. Let’s keep the momentum going and prepare for the road ahead. #CERAWeek #EnergyDemand #Collaboration #Innovation #Affordability