Oct 27, 4:27 PM ET
ONEOK reported higher third-quarter 2026 results, featuring net income attributable to the company of $1.35 billion and adjusted EBITDA of $2.24 billion, supported by record volumes in the Permian Basin. Driven by this strong performance, management increased its full-year 2026 financial guidance, raising net income to a midpoint of $4.18 billion and adjusted EBITDA to a midpoint of $8.55 billion. Shareholders also benefit from a quarterly dividend of $1.07 per share declared in October 2026.
- Net income attributable to ONEOK reached $1.35 billion, or $2.13 per diluted share, for the quarter ended September 30, 2026.
- Adjusted EBITDA for the third quarter rose 6% to $2.24 billion compared with the same period in 2025.
- Full-year 2026 net income guidance was increased to a midpoint of $4.18 billion, and adjusted EBITDA guidance was raised to a midpoint of $8.55 billion.
- The company declared a quarterly dividend of $1.07 per share in October 2026.
Read the filing on SEC.gov ↗
Sep 15, 4:37 PM ET
ONEOK, L.L.C. (OpCo) said holders validly tendered enough notes by the September 14, 2026 early deadline to reach its $2 billion maximum, and it expects to accept and pay for $2 billion of principal on September 17, 2026. Notes in series 15 through 20 will not be purchased, and OpCo does not expect to accept tenders made after the early deadline. The filing also amends a $1 billion equity distribution agreement to reflect the company's post-reorganization structure, which is an administrative update to the existing share sale program.
- OpCo expects to accept $2 billion aggregate principal amount of notes, with settlement expected September 17, 2026
- Early Tender Consideration per $1,000 principal ranged from $707.44 (3.950% notes due 2050) to $955.41 (3.400% notes due 2029); late tenders receive $50 less
- Series 14 (5.700% notes due 2054) was partially accepted, with $79.76 million of $862.3 million tendered; series 15 through 20 receive no acceptances
- Amendment No. 1 dated September 15, 2026 updates the $1 billion equity distribution agreement with BofA Securities and ONEOK assumed Legacy ONEOK's obligations
Read the filing on SEC.gov ↗
Aug 31, 5:09 PM ET
ONEOK agreed to acquire Brazos Midstream's Permian Midland Basin assets for $4.425 billion in cash and signed a contribution agreement with an Apollo affiliate for a $9 billion minority equity investment. ONEOK says the deal reduces debt by about $5 billion and lowers expected pro forma 2027 leverage to about 3.25 times debt-to-EBITDA, but the Apollo investment carries a Class B return and distribution rights that will affect cash flow available to common shareholders.
- Brazos Midland acquisition for $4.425 billion in cash, expected to close in the fourth quarter of 2026, subject to Hart-Scott-Rodino clearance.
- Apollo investment of $9 billion for a Class B interest in ONEOK Holdings, with a 7.0% IRR cap for the first nine years; expected to close in the first half of September 2026.
- About $5 billion of debt to be extinguished, with a tender offer capped at $2 billion, an early tender deadline of September 14, 2026 and an expiration of September 29, 2026.
Read the filing on SEC.gov ↗
Aug 3, 4:22 PM ET
ONEOK reported second-quarter 2026 net income of $967 million, up 13% from a year earlier, and diluted earnings of $1.53 per share, up from $1.34. The company also increased its 2026 guidance for net income, earnings per share and adjusted EBITDA, its second guidance increase this year.
- Q2 2026 adjusted EBITDA was $2.12 billion, up 7% from $1.98 billion in Q2 2025.
- 2026 net income guidance was raised to a range of $3.41 billion to $3.79 billion; adjusted EBITDA guidance to $8.2 billion to $8.5 billion.
- Diluted EPS guidance midpoint was raised to $5.68; 2026 capital expenditure guidance of about $2.7 billion to $3.2 billion was unchanged.
- In July 2026 the company declared a quarterly dividend of $1.07 per share, or $4.28 annualized.
Read the filing on SEC.gov ↗
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