Increased Third Quarter Results
ONEOK announced higher third quarter results and affirmed their 2025 net income and adjusted EBITDA guidance ranges. Adjusted EBITDA increased 7% compared to the second quarter and approximately 20% compared to the first quarter of 2025.
Strong Performance of Acquired Assets
The acquired EnLink and Medallion assets contributed nearly $470 million in adjusted EBITDA during the third quarter, continuing their meaningful contribution to year-over-year earnings growth.
Financial Flexibility and Debt Management
ONEOK repurchased more than 600,000 shares of common stock and retired over $500 million in senior notes. Year-to-date, over $1.3 billion in senior notes have been extinguished.
Successful Synergy Recognition
ONEOK remains on track to realize approximately $250 million of incremental synergies in 2025, having already realized nearly $500 million since the Magellan acquisition in September 2023.
Increased Volumes Across Segments
There was an increase in natural gas liquids and natural gas gathering and processing segment volumes. Rocky Mountain region volumes hit a record, and Gulf Coast/Permian NGL volumes increased by 8% compared to the second quarter.