ONEOK Reports Q3 Net Income of $940 Million
ONEOK Inc. reported net income of $940 million for the three months ended September 30, 2025, compared to $693 million for the same period in 2024. Net income attributable to ONEOK was $939 million, up from $693 million in the prior year. Adjusted EBITDA for the quarter was $2.119 billion, compared to $1.545 billion in the previous year. Operating income was $1.558 billion, up from $1.128 billion a year earlier. Operating costs were $738 million, compared to $582 million for the same period last year. Depreciation and amortization totaled $378 million, compared to $274 million in 2024. Capital expenditures, including maintenance, were $804 million, up from $468 million in the prior period. Equity in net earnings from investments was $92 million, unchanged from the previous year. Maintenance capital was $162 million, compared to $109 million in 2024. For the nine-month period ended September 30, 2025, net income was $2.484 billion, and adjusted EBITDA was $5.875 billion.
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