ONEOK Raises 2026 Adjusted EBITDA Guidance Amid Record Permian Basin Volumes
ONEOK (OKE) reported strong third-quarter results driven by record volumes in the Permian Basin and sustained growth across its integrated midstream system. Following these robust operational metrics, the company has increased its 2026 adjusted EBITDA midpoint guidance to approximately $8.55 billion, marking the third upward revision to this metric within the current year. In addition to the improved earnings outlook, management outlined a strategic leverage target of 3.25x. The combination of rising production volumes and disciplined capital allocation suggests a strengthening financial position for the company as it continues to expand its footprint in key energy basins.
Tickers: $OKE
Topics: earnings report financial guidance Permian Basin volumes quarterly results
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Part of the story Cincinnati Financial Reports Third-Quarter 2026 Results (18 articles)