ONEOK reports higher Q3 earnings and raises 2026 guidance

ONEOK reported third-quarter 2026 net income attributable to the company of $1.35 billion, or $2.13 per diluted share, and adjusted EBITDA of $2.24 billion, up 6% from a year earlier; results included a one-time $336 million noncash tax benefit. The company raised 2026 guidance to net income of $4.09 billion-$4.27 billion and adjusted EBITDA of $8.5 billion-$8.6 billion, reflecting strong volumes and about $75 million of expected contribution from its completed Brazos Midstream Permian Midland Basin acquisition, while capital expenditure guidance is approximately $3.5 billion.