ONEOK Q3 2026 net income jumps 47% to $1.38 billion

OKE•2026-10-27

ONEOK's third-quarter 2026 net income attributable to shareholders rose 44% year over year to $1.35 billion, including a $336 million noncash tax benefit. The company raised its full-year net income guidance to $4.09 billion–$4.27 billion.

1. Quarterly results and outlook

ONEOK reported third-quarter 2026 net income attributable to shareholders of $1.35 billion, up 44% year over year. Earnings included a $336 million one-time noncash income tax benefit related to its minority equity transaction. The company raised its full-year 2026 net income guidance to $4.09 billion–$4.27 billion, citing strong year-to-date business performance and volumes.

2. Transactions and assets

ONEOK completed its $9 billion minority equity investment and recorded nearly $5.5 billion in debt extinguishment in September. It also completed its acquisition of Brazos Midstream's Permian Midland Basin assets.