ONEOK INC /NEW/ (OKE) Form 8-K — Oct 27, 2026
ONEOK (NYSE: OKE) reported higher third-quarter 2026 results on October 27, 2026, with net income attributable to ONEOK of $1.35 billion, or $2.13 per diluted share, versus $939 million, or $1.49, in Q3 2025. Adjusted EBITDA rose 6% to $2.24 billion, and results included a one-time noncash tax benefit of $336 million ($0.53 per share) tied to the minority equity transaction reorganization. The company raised 2026 guidance: net income to a midpoint of $4.18 billion ($4.09B-$4.27B) and adjusted EBITDA to $8.5B-$8.6B (midpoint $8.55B), with EPS guidance at a $6.30 midpoint and capex of approximately $3.5 billion.
Key figures
- Eps
- 2.13
- Revenue
- 12455000000
- Guidance
- 2026 net income guidance raised to $4.09B-$4.27B (midpoint $4.18B); adjusted EBITDA raised to $8.5B-$8.6B (midpoint $8.55B); EPS midpoint $6.30; capex ~$3.5B
- Net Income
- 1384000000
- Revenue Yoy
- 44% vs Q3 2025 ($12,455M vs $8,634M)
- Eps Yoy Prior
- 1.49
- Total Assets
- 74292000000
- Cash Position
- 4186000000
- Adjusted Ebitda
- 2238000000
- Dividend Per Share
- 1.07
- Adjusted Ebitda Yoy
- 6% vs Q3 2025 ($2,238M vs $2,119M)
- Net Income Attributable
- 1350000000
- Capex q3
- 937000000
- Impairment
- $60 million pretax noncash JV investment impairment (nine months)
- Credit upgrade
- BBB+ by S&P Global Ratings and Fitch Ratings
- Debt extinguished
- nearly $5.5 billion of debt principal in September 2026
- One time tax benefit
- $336 million noncash income tax benefit ($0.53/diluted share) from reorganization related to minority equity transaction
- Ngl raw feed throughput
- 1,661 MBbl/d, up 6% including 16% Gulf Coast/Permian increase
- Minority equity investment
- $9 billion completed
- Brazos acquisition contribution
- ~$75 million (approximately $50 million adjusted EBITDA net of transaction costs)
AI analysis
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