ONEOK(US:OKE) Prnewswire·2025-10-28 20:15Core Insights - ONEOK, Inc. reported higher third quarter 2025 results, driven by acquisitions and increased natural gas liquids and processing volumes [2][10] - The company affirmed its full-year 2025 net income and adjusted EBITDA guidance ranges [1][2] Financial Performance - Third quarter 2025 net income was $940 million, up from $693 million in the same quarter of 2024, resulting in diluted earnings per share of $1.49 [5][8] - Adjusted EBITDA for the third quarter 2025 was $2.12 billion, compared to $1.55 billion in the third quarter of 2024 [5][7] - Operating income increased to $1.56 billion from $1.13 billion year-over-year [5] Segment Performance - Natural Gas Liquids Segment adjusted EBITDA rose to $748 million in Q3 2025 from $624 million in Q3 2024, driven by contributions from EnLink and increased optimization and marketing [11] - Refined Products and Crude Segment adjusted EBITDA increased to $582 million in Q3 2025 from $441 million in Q3 2024, primarily due to contributions from Medallion and EnLink [12] - Natural Gas Gathering and Processing Segment adjusted EBITDA reached $566 million in Q3 2025, up from $318 million in Q3 2024 [14] Growth Initiatives - ONEOK announced plans for the Bighorn natural gas processing plant, with a capacity of 300 million cubic feet per day, expected to be completed by mid-2027 [9] - The company entered a joint venture for the Eiger Express Pipeline, a 450-mile natural gas pipeline from the Permian Basin to Katy, Texas [9] Capital Management - ONEOK completed a $3 billion senior notes offering and repaid $387 million of senior notes at maturity [9] - The company increased its commercial paper program size to $3.5 billion from $2.5 billion [9] - A quarterly dividend of $1.03 per share was declared, annualizing to $4.12 per share [9]