earnings
confidence high
sentiment positive
materiality 0.75
ONEOK Q3 net income up 36% to $940M; adj EBITDA $2.12B; affirms 2025 guidance
ONEOK INC /NEW/
2025-Q3 EPS reported
$3.87
revenue$24,564,000,000
- Q3 2025 net income $940M ($1.49 diluted EPS) vs $693M ($1.18 EPS) a year ago; adjusted EBITDA $2.12B vs $1.55B.
- Segment adj EBITDA: NGL $748M, Refined/Crude $582M, G&P $566M, Pipelines $200M; all up YoY driven by EnLink/Medallion acquisitions.
- Declared quarterly dividend of $1.03/share ($4.12 annualized); repurchased 611K shares for $45M under $2B program.
- Announced Bighorn 300 MMcf/d gas processing plant (mid-2027 start) and Eiger Express 450-mile pipeline JV in Permian Basin.
- Full-year 2025 net income and adjusted EBITDA guidance ranges affirmed; synergy capture ahead of original expectations.