ONEOK Raises 2026 Outlook as Third-Quarter Profit Climbs
ONEOK lifted third-quarter net income to $1.35 billion and raised its 2026 guidance. Revenue rose to $12.46 billion from $8.63 billion a year earlier.
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what happened
ONEOK, Inc. (OKE) reported on Monday that its third-quarter profit grew, supported mainly by higher volumes of natural gas liquids, refined products and natural gas. The company also lifted its full-year 2026 guidance, according to TradingView, which cited RTTNews and dpa-AFX.
Net income attributable to the company reached $1.35 billion, or $2.13 per share, compared with $939 million, or $1.49 per share, a year earlier. The figures include a non-cash, one-time tax gain of $336 million, equal to $0.53 per share. Quarterly revenue climbed to $12.46 billion from $8.63 billion.
For 2026, ONEOK now expects adjusted EBITDA of $8.5 billion to $8.6 billion, with its midpoint at $8.55 billion. The earnings-per-share midpoint was raised to $6.30, and the net income midpoint to $3.985 billion.
why it matters
ONEOK's results reflect volumes of natural gas liquids and natural gas, so the quarter offers a read on midstream demand. The one-time tax benefit inflates reported profit, so the raised guidance is a cleaner signal for investors tracking the sector.
market impact
ONEOK shares: higher guidance supports earnings expectations
- ONEOK shares pressure up — raised 2026 guidance improves the outlook for earnings
tags
instruments
sources
- ONEOK Q3 Profit Rises; Lifts FY26 Outlook — TradingView, 27 October 2026 at 21:28 UTC
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