ONEOK raises FY 2026 adjusted EBITDA guidance and reports strong Q3 results
ONEOK reported third‑quarter 2026 adjusted EBITDA of $2.24 billion, a 6% sequential increase, and net income of $1.38 billion. The company lifted its full‑year adjusted EBITDA midpoint to roughly $8.55 billion and set a leverage target of 3.25 times. Management highlighted accelerated volumes in the Permian Basin and completion of a $9 billion equity investment while retiring about $5.5 billion of debt.
Why it matters
The higher EBITDA guidance expands the earnings outlook for FY 2026, which may support the stock’s recent price gains. The leverage target of 3.25 times signals a more disciplined balance sheet, potentially improving credit metrics and investor confidence.
Key facts
- 1Adjusted EBITDA for Q3 2026 was $2.24 billion, up 6% sequentially. tradingview.com
- 2Net income for the quarter was $1.38 billion. tradingview.com
- 3Full‑year 2026 adjusted EBITDA midpoint was raised to $8.55 billion. investing.com
- 4Leverage target was set at 3.25 times. seekingalpha.com
- 5A $9 billion minority equity investment was completed and approximately $5.5 billion of debt was retired. investing.com
- 6Permian Basin volumes accelerated, with natural gas processing volumes up 6% sequentially and NGL raw feed throughput up 9% versus Q2. investing.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.