Overview

* ONEOK ( OKE ) 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 ( OKE ) 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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS Beat $1.49 $1.44

(14

Analysts

)

Q3 Net $940 mln

Income

Q3 Beat $2.11 $2.10

Adjusted bln bln (17

EBITDA Analysts

)

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 ( OKE ) 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:

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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.)