ONEOK, Inc. (OKE) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

ONEOK, Inc. (OKE) Bernstein 42nd Annual Strategic Decisions Conference May 27, 2026 2:30 PM EDT Company Participants Pierce Norton - President, CEO & Director Walter Hulse - CFO, Treasurer and Executive VP of Investor Relations & Corporate Development Sheridan Swords - Executive VP & Chief Commercial Officer Conference Call Participants Bob Brackett - Bernstein Institutional Services LLC, Research Division Presentation Bob Brackett Bernstein Institutional Services LLC, Research Division Good afternoon. We'll be kicking off our session. Welcome again to the 42nd Annual Strategic Decisions Conference. I am Bob Brackett, Co-Head of Energy and Transition here at Bernstein. We are not expecting a fire alarm or a fire drill. And so if the alarm rings, please take it seriously. The first path of exit is out the back door to the right, all the way to the escalators that you came up down to the street and wait for further instructions. If for whatever reason that path is blocked, you go straight back. There's a series of internal stairwells that are well marked, take one of those down and follow the lighted path there. Ultimately, this is your conversation. This is a fireside chat. There's [ floor ] up on stage, but there's more in the audience. And so ultimately, you should drive the conversation to do that, you will use either the website you've already pulled up, this pigeonhole. If you need the QR code, there's a number of blue sheets of paper around the room that you can get that from. And what we'll do is I'll adjourn in one second. And we're going to follow a pyramid principle, which is we're going to start high. We're going to talk about the macro environment in which ONEOK operates, and then we're going to talk strategy, and then we're going to move down into assets and operations.