ONEOK reports USD 1.38 billion profit: what USD 8.55 billion guidance means for ONEOK stock

ONEOK (ISIN US30609A1097) reported USD 1.38 billion in third-quarter net income on October 27, 2026, and raised its 2026 financial guidance. According to the ONEOK release, adjusted EBITDA reached USD 2.24 billion, while the new adjusted EBITDA guidance range is USD 8.50 billion to USD 8.60 billion.

Higher volumes support guidance

The quarter's operating gains were led by a 6 percent increase in NGL raw feed throughput, including a 16 percent increase in the Gulf Coast and Permian region. Refined products volumes shipped also rose 6 percent, while Permian region natural gas volumes processed increased 4 percent, according to ONEOK's October 27 release.

The guidance update includes expected contributions from the recently completed Brazos Permian Midland acquisition. ONEOK expects about USD 50 million of adjusted EBITDA contribution net of transaction costs, but the company identifies the figure as part of a broader USD 75 million contribution to the business.

What does USD 8.55 billion guidance mean?

The midpoint of the new adjusted EBITDA range is USD 8.55 billion for fiscal year 2026. That is the clearest operating benchmark for ONEOK stock after the report because it combines the stronger third-quarter result with expected contributions from the acquired assets.

Three dated developments

On October 6, 2026, ONEOK completed the acquisition of Brazos Midstream's Permian Midland Basin assets. On October 27, 2026, it reported higher third-quarter earnings and increased guidance. On October 28, 2026, management is scheduled to discuss the results with investors.

Next investor date

ONEOK's October 5, 2026 investor-relations release scheduled the conference call and webcast for October 28, 2026, at 11:00 a.m. ET, according to ONEOK. The discussion is expected to address volume growth, integration and the higher full-year outlook.

Market context: Market report S&P 500.

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