ONEOK Announces Higher Third-Quarter 2026 Earnings and Increases 2026 Financial Guidance
Key Highlights
- ➤Q3 net income attributable to ONEOK $1.35B, up from $939M
- ➤Q3 adjusted EBITDA $2.24B, up 6% year over year
- ➤2026 adjusted EBITDA guidance raised to $8.5B-$8.6B
- ➤2026 EPS guidance raised to $6.30 midpoint
- ➤ONEOK completed Brazos Midland acquisition and $9B minority equity investment
Expert Statements
Pierce H. Norton II, President and CEO of ONEOK
“Higher Permian Basin volumes and the continued execution by our employees to integrate our systems contributed to ONEOK’s third-quarter results,”
Pierce H. Norton II, President and CEO of ONEOK
“Based on this performance and our outlook for the remainder of the year, we are once again raising our 2026 financial guidance, reflecting the momentum we continue to see across the business.”
Pierce H. Norton II, President and CEO of ONEOK
“As we look to 2027, we expect meaningful earnings growth from our Brazos Permian Midland Basin assets, recently completed and advancing growth projects and continued commercial optimization across our systems,”
Pierce H. Norton II, President and CEO of ONEOK
“ONEOK has the assets, financial strength and discipline to capture growing energy demand and deliver sustainable long-term value for investors.”
TULSA, Okla., Oct. 27, 2026 (GLOBE NEWSWIRE) -- ONEOK, Inc. (NYSE: OKE) today announced higher third-quarter 2026 results and increased 2026 financial guidance. Unless otherwise noted, all results are compared with the same period in 2025.
Higher Third-Quarter 2026 Results: * Net income of $1.38 billion * Net income attributable to ONEOK of $1.35 billion; $2.13 per diluted share * Adjusted EBITDA of $2.24 billion, up 6% Operational and Strategic Highlights: * 6% increase in NGL raw feed throughput volumes, including a 16% increase in the Gulf Coast/Permian region * 6% increase in refined products volumes shipped * 4% increase in Permian region natural gas volumes processed * Extinguished nearly $5.5 billion of debt principal in September 2026 * Completed $9 billion minority equity investment * Completed the acquisition of Brazos Midstream’s Permian Midland Basin assets * Credit ratings upgraded to BBB+ by S&P Global Ratings and Fitch Ratings 2026 Guidance Increase: * Net income increased to a midpoint of $4.18 billion * Net income attributable to ONEOK increased to a midpoint of $3.985 billion * Earnings per diluted share increased to a midpoint of $6.30 * Adjusted EBITDA increased to a midpoint of $8.55 billion “Higher Permian Basin volumes and the continued execution by our employees to integrate our systems contributed to ONEOK’s third-quarter results,” said Pierce H. Norton II, president and CEO. “Based on this performance and our outlook for the remainder of the year, we are once again raising our 2026 financial guidance, reflecting the momentum we continue to see across the business.”
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