ONEOK posts higher third-quarter profit as acquisitions pay off
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ONEOK reported a higher third-quarter profit of $939 million, or $1.49 per share, driven by strong volumes in the Rocky Mountain region and successful acquisitions. The company's core profit from natural gas liquids rose nearly 20% to $748 million, while the natural gas gathering and processing segment saw a 78% increase to $566 million. The refined products and crude segment also grew to $582 million in core profit, aided by acquisitions including a Gulf Coast NGL pipeline system and a stake in the Delaware Basin joint venture.
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