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, while adjusted EBITDA rose 6% to $2.24 billion from the year-earlier quarter. The company raised its 2026 guidance to $4.09 billion-$4.27 billion in net income and $8.5 billion-$8.6 billion in adjusted EBITDA, including about $50 million of expected adjusted EBITDA from its completed acquisition of Brazos Midstream’s Permian Midland Basin assets; it also extinguished nearly $5.5 billion of debt principal and completed a $9 billion minority equity investment in September 2026.