By Kelly Cloonan
Oneok logged higher profit in the third quarter driven by recent acquisitions and higher volumes of natural gas liquids and natural gas processing.
The natural-gas transmission company posted a profit of $939 million, or $1.49 a share, compared with $693 million, or $1.18 a share, a year earlier.
Revenue rose to $8.63 billion compared with $5.02 billion a year ago. Analysts expected $8.78 billion.
Commodity sales, which make up the bulk of the company's topline, rose to $7.42 billion from $4.08 billion. Sales in the company's services and other segment increased to $1.22 billion from $940 million.
The company said its results were primarily driven by its EnLink and Medallion acquisitions as well as higher volumes of natural gas liquids and natural gas processing.
"We continued to benefit from steady demand across our businesses and increasing production in all of the basins where we operate," Chief Executive Pierce Norton II said.
For the full year, Oneok continues to expect earnings of $4.97 to $5.77 a share.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
October 28, 2025 16:38 ET (20:38 GMT)
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