ONEOK Q3 Profit Rises on Higher NGL, Refined Product Volumes; Lifts 2026 Guidance

ONEOK Inc. (OKE) on Monday reported higher third-quarter profit, driven by increased natural gas liquids, refined products and natural gas volumes, and raised its full-year 2026 financial guidance. Net income attributable to ONEOK rose to $1.35 billion, or $2.13 per share, from $939 million, or $1.49 per share, a year earlier. Results included a one-time non-cash income tax benefit of $336 million, or $0.53 per share. Total quarterly revenues rose to $12.46 billion from $8.63 billion. The company lifted its 2026 adjusted EBITDA guidance to a range of $8.5 billion to $8.6 billion, with a midpoint of $8.55 billion. It also raised its earnings-per-share guidance midpoint to $6.30 and its net income attributable to ONEOK guidance midpoint to $3.985 billion.