Oneok Posts $1.35B Third-Quarter Net Income
OKE sits 50% above its 52-week low of $64.02.
Summary
Oneok reported third-quarter net income of $1.35 billion, or earnings of $2.13 a share, which beat the IBES estimate of USD 1.57. That lands below the $1.53 billion implied by the prior quarter's pace — Q2 net income was $967 million, so the sequential step up is real. Management raised full-year 2026 guidance twice already, most recently to a $3.41B–$3.79B net profit range in August, and has now increased its 2026 financial guidance again on higher third-quarter earnings. The stock is trading near its 52-week high of $99.85. The quarter also carries the first full-period load from the $4.425 billion Brazos Midstream Permian acquisition and the $9 billion Apollo minority equity investment, both closed in late August and early September, so the market will want to see whether those deals are accretive yet.
At the time of this announcement, OKE was trading at $96.01 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $60.5B. The 52-week trading range was $64.02 to $99.85. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.