ONEOK Reports Q3 2026 Earnings Growth and Raises Full-Year Guidance
ONEOK, Inc. (OKE) reported strong third-quarter 2026 results, highlighted by an adjusted EBITDA of $2.24 billion, a 6% increase year-over-year. The company's performance was bolstered by record volumes in the Permian Basin and significant growth in NGL raw feed throughput and refined product volumes. Net income for the quarter reached $1.35 billion, which included a one-time noncash tax benefit from corporate reorganization. Driven by base business strength and the integration of the Brazos acquisition, ONEOK raised its 2026 adjusted EBITDA guidance to a range of $8.5 billion to $8.6 billion. The company also demonstrated proactive balance sheet management, extinguishing nearly $5.5 billion in principal following a major minority equity investment. Looking ahead, management is focusing on organic growth projects and capacity expansions in the Delaware Basin to support long-term volume increases.
Tickers: $OKE
Topics: acquisition debt reduction earnings report EBITDA guidance natural gas volumes