Oct 28 (Reuters) - U.S. pipeline operator ONEOK (OKE.N) , opens new tab reported a rise in third-quarter profit on Tuesday, helped by robust volumes in the Rocky Mountain region as well as the impact of a series of acquisitions.

ONEOK has been diversifying its portfolio through acquisitions over the past two years, including a Gulf Coast NGL pipeline system from Easton Energy, as well as Medallion Midstream and EnLink Midstream.

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In June, ONEOK completed its $940 million acquisition of the remaining 49.9% stake in the Delaware Basin joint venture from NGP XI Midstream Holdings, giving the company sole ownership of natural gas gathering and processing facilities in West Texas and New Mexico's Delaware Basin.

Core profit from the natural gas liquids segment rose nearly 20% to $748 million, while the natural gas gathering and processing segment's core profit jumped roughly 78% to $566 million from a year earlier.

Its refined products and crude segment rose to $582 million in core profit during the quarter, primarily driven by the Medallion and EnLink acquisitions.

ONEOK transports natural gas, natural gas liquids, refined products and crude oil through its 60,000-mile-long network of pipelines.

The Tulsa, Oklahoma-based company reported net income attributable to shareholders of $939 million, or $1.49 per share, for the quarter ended September 30, compared with $692 million, or $1.18 per share, a year earlier.

https://www.reuters.com/business/oneok-posts-higher-third-quarter-profit-acquisitions-pay-off-2025-10-28/