**Strong Financial Performance**: ONEOK reported third-quarter 2024 net income of $693 million ($1.18 per share) and adjusted EBITDA of $1.55 billion. The impressive year-over-year growth was driven by robust performance in the Rocky Mountain region and increased transportation services in the Natural Gas Pipeline segment.
**Increased Guidance**: The company raised its 2024 stand-alone adjusted EBITDA guidance to a midpoint of $6.275 billion, an increase of $100 million from April. Consolidated guidance, including contributions from EnLink and the pending Medallion acquisition, estimated a net income midpoint of $3 billion and adjusted EBITDA midpoint of $6.625 billion, showcasing solid growth.
**Acquisition Strategy and Synergies**: Recent acquisitions (EnLink and Medallion) are expected to position ONEOK for significant organic growth, with projected combined EBITDA for 2025 expected to comfortably exceed $8 billion. The company anticipates further synergies from recent acquisitions, with a focus on integrating operational efficiencies and expanding service offerings.