Overview

• ONEOK Q3 net income rises to $940 mln, adjusted EBITDA beats analyst expectations

• Adjusted EPS for Q3 beats consensus, driven by acquisition integration and volume growth

• Company repurchased 611,237 shares for $45 mln under $2 bln share buyback program

Outlook

• ONEOK affirms 2025 net income and adjusted EBITDA guidance ranges

• In August company announced plans to construct Bighorn plant, enhancing future capacity

Result Drivers

• VOLUME GROWTH - 17% increase in Rocky Mountain region NGL raw feed throughput and 6% increase in Mid-Continent region NGL raw feed throughput contributed to results

• ACQUISITION INTEGRATION - EnLink and Medallion acquisitions positively impacted adjusted EBITDA across segments

• SYNERGY CAPTURE - Synergy capture ahead of expectations, contributing to financial performance

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas transportation services peer group is "buy"

• Wall Street's median 12-month price target for ONEOK Inc is $90.00, about 23% above its October 27 closing price of $69.29

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nPn6nrgRKa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)