ONEOK reported a robust third quarter in 2025, achieving a net income of $940 million and an adjusted EBITDA growth of 7% sequentially, driven by increased operational volumes and successful integration of recent acquisitions.

• Achieved third quarter net income of $940 million, or $1.49 per share, up 10% from the previous quarter.
• Expects to realize $250 million in synergy-related adjusted EBITDA in 2025, having surpassed $500 million in synergies since the Magellan acquisition.
• Increased adjusted EBITDA to $2.12 billion, aided by strong performance in natural gas liquids and gathering operations, despite transaction costs.
• Completed significant projects that add nearly 600,000 barrels per day of NGL pipeline capacity, enhancing operating leverage.
• Share repurchases of over 600,000 shares and retiring $500 million in senior notes reflect a disciplined capital allocation strategy.