| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 12.5K | 3.4% | 44.3% |
| Total Income | 12.5K | 3.4% | 44.3% |
| Expenditure | 10.9K | 4.1% | 53.9% |
| PBT | 1.4K | 7.3% | 9.8% |
| Net Profit | 1.4K | 39.8% | 43.8% |
| OPM | 12.59% | 0.63pp | 5.46pp |
| NPM | 10.84% | 2.82pp | 0.04pp |
| EPS | 2.14 | 39.9% | 43.6% |
ONEOK Announces Higher Third-Quarter 2026 Earnings and Increases 2026 Financial Guidance
28 Oct 2026 · 28 Oct, 2:01 am
Summary
ONEOK reported higher third-quarter 2026 results, with net income attributable to ONEOK reaching $1.35 billion ($2.13 per diluted share) and Adjusted EBITDA increasing by 6% to $2.24 billion. The company also raised its full-year 2026 financial guidance, reflecting strong performance and the integration of acquired assets. Management highlighted record Permian Basin volumes and continued execution as key drivers for the positive results and outlook.
Key Highlights
- 1
ONEOK announced higher third-quarter 2026 results and increased 2026 financial guidance, driven by record Permian Basin volumes.
- 2
Third-quarter 2026 net income attributable to ONEOK was $1.35 billion, or $2.13 per diluted share.
- 3
Adjusted EBITDA for the third quarter of 2026 was $2.24 billion, a 6% increase compared to the same period in 2025.
- 4
The company increased its 2026 financial guidance, with net income attributable to ONEOK now expected to be a midpoint of $3.985 billion and Adjusted EBITDA at a midpoint of $8.55 billion.
- 5
Operational highlights include a 6% increase in NGL raw feed throughput volumes and a 6% increase in refined products volumes shipped.
- 6
ONEOK completed the acquisition of Brazos Midstream’s Permian Midland Basin assets and saw credit ratings upgraded to BBB+ by S&P Global Ratings and Fitch Ratings.
Management Comments
Pierce H. Norton II
Higher Permian Basin volumes and the continued execution by our employees to integrate our systems contributed to ONEOK’s third-quarter results. 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. 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. ONEOK has the assets, financial strength and discipline to capture growing energy demand and deliver sustainable long-term value for investors.
Informational and educational content only. Not investment advice.