Earnings Releases·Oct 27, 2026, 4:27 PM ET

ONEOK — Third Quarter 2026 Earnings Summary

Net income attributable to ONEOK rose to $1.35 billion ($2.13 per share) in Q3 2026 from $939 million ($1.49 per share) in 2025, while full-year 2026 net income guidance was increased to a midpoint of $3.985 billion.
Adjusted EBITDA for the quarter reached $2.24 billion, a 6% year-over-year increase, with full-year 2026 guidance raised to a midpoint of $8.55 billion.
Strategic milestones include the completion of the Brazos Permian Midland Basin acquisition, a $9 billion minority equity investment, and the extinguishment of nearly $5.5 billion in debt principal.
Management projects meaningful earnings growth in 2027 driven by the integration of Brazos assets, advancing growth projects, and continued commercial optimization.
The company declared a quarterly dividend of $1.07 per share ($4.28 annualized) and reported credit rating upgrades to BBB+ by S&P and Fitch.