ONEOK Announces Higher Third Quarter 2025 Earnings

ONEOK, Inc. reported higher third quarter 2025 earnings with net income of $940 million, or $1.49 per diluted share, and adjusted EBITDA of $2.12 billion. The company also affirmed its full-year 2025 net income and adjusted EBITDA guidance ranges. Key drivers of the strong performance included increased natural gas liquids (NGL) and natural gas processing volumes, particularly in the Rocky Mountain and Mid-Continent regions. ONEOK highlighted the successful integration of recent acquisitions, including EnLink and Medallion, which contributed significantly to the results. The company also announced plans for organic growth projects, such as the construction of the Bighorn natural gas processing plant and the Eiger Express Pipeline. ONEOK's financial position remains robust, with no borrowings under its credit agreement or commercial paper program and approximately $1.2 billion in cash and cash equivalents as of September 30, 2025.