Midstream operator ONEOK beats Q3 profit estimates

ONEOK (Oklahoma)

28/10/2025 20:31

Overview

ONEOK Q3 net income rises to $940 mln, adjusted EBITDA beats analyst expectations

Adjusted EPS for Q3 beats consensus, driven by acquisition integration and volume growth

Company repurchased 611,237 shares for $45 mln under $2 bln share buyback program

Outlook

ONEOK affirms 2025 net income and adjusted EBITDA guidance ranges

In August company announced plans to construct Bighorn plant, enhancing future capacity

Result Drivers

VOLUME GROWTH - 17% increase in Rocky Mountain region NGL raw feed throughput and 6% increase in Mid-Continent region NGL raw feed throughput contributed to results

ACQUISITION INTEGRATION - EnLink and Medallion acquisitions positively impacted adjusted EBITDA across segments

SYNERGY CAPTURE - Synergy capture ahead of expectations, contributing to financial performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
Beat
$1.49
$1.44 (14 Analysts)
Q3 Net Income
$940 mln
Q3 Adjusted EBITDA
Beat
$2.11 bln
$2.10 bln (17 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for ONEOK Inc is $90.00, about 23% above its October 27 closing price of $69.29

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nPn6nrgRKa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)