Oneok (OKE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
A trade stand-off between the U.S. and other countries created conditions for a market meltdown last week. Shares of ONEOK are highly attractively valued on the drop. ONEOK achieves a high percentage of its earnings in its dominant NGL business from recurring fees. The company has a successful track record of integrating acquisition targets into its portfolio and growing key financial metrics like EBITDA.
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Oneok (OKE) reported earnings 30 days ago. What's next for the stock?
In the closing of the recent trading day, Oneok Inc. (OKE) stood at $99.34, denoting a -1.3% change from the preceding trading day.
OKE's high fee-based earnings, strategic acquisitions and expansion efforts are expected to further strengthen its position in high-production regions.
In the most recent trading session, Oneok Inc. (OKE) closed at $93.50, indicating a +0.57% shift from the previous trading day.
In the closing of the recent trading day, Oneok Inc. (OKE) stood at $89.57, denoting a -0.19% change from the preceding trading day.
ONEOK's strategic acquisitions of EnLink Midstream and Medallion have solidified its position in the midstream sector, enhancing its NGL value chain and crude oil infrastructure. The company has increased its dividend to $1.03 per share and has begun buying back shares, signaling strong shareholder returns. ONEOK's new LPG export terminal project and robust growth projections for 2025-2027 indicate a promising future, with an estimated 12.1% annual return.
Four midstream names have recently offered financial guidance for 2025, with a few providing further guidance into 2026. Targa Resources (TRGP), DT Midstream (DTM), Cheniere (LNG), and ONEOK (OKE) have each provided guidance for EBITDA growth this year.
Jenny Harrington, Gilman Hill Asset Management CEO, joins CNBC's "Halftime Report" to detail her energy strategy.
OKE's fourth-quarter earnings and revenues beat estimates. The company plans to make investments in the range of $2.8-$3.2 billion in 2025 to strengthen its operation.