OKE's fourth-quarter earnings are likely to have benefited from the contribution from acquired assets, expansion of storage facilities and connection of new wells in its distribution system.
Oneok Inc. (OKE) closed the most recent trading day at $98.63, moving -0.57% from the previous trading session.
Evaluate the expected performance of Oneok (OKE) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
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.
ONEOK's acquisition strategy and vast pipeline network position it as a leading midstream service provider, ensuring stable cash flows and growth potential. The recent 20% pullback in shares presents a buying opportunity, with a 12-month price target of $117/share based on fair valuation. ONEOK's robust EBITDA growth and strategic expansions in key regions support its ability to capitalize on increasing NGL demand and electricity generation needs.
ONEOK Inc. is a top pick for 2025 due to its stellar margins, strategic acquisitions, and strong capital allocation frameworks benefiting long-term shareholders. OKE's recent acquisitions of EnLink and Medallion Midstream significantly enhance its asset base and growth potential, with expected EBITDA comfortably above $8 billion in 2025. OKE's asset value has grown 121% since 2020, outpacing long-term debt growth, and it offers a compelling 30.65% upside combined with a 4.25% dividend yield.
Oneok Inc. (OKE) closed at $97.02 in the latest trading session, marking a -0.62% move from the prior day.
Pipeline operator ONEOK and midstream company MPLX LP entered into a joint venture on Tuesday to construct a 400,000-barrel per day (bpd) liquefied petroleum gas (LPG) export terminal in Texas at a total investment of $1.4 billion.
In the closing of the recent trading day, Oneok Inc. (OKE) stood at $100.60, denoting a +0.15% change from the preceding trading day.
Oneok (OKE -0.34%) has been a pillar of dividend stability over the years. The pipeline company delivered more than a quarter century of payment stability and growth.
Markets tumbled this week as a number of factors came into focus, pointing toward rates that would remain higher for longer. A hot jobs report sent stocks plummeting as the economy added 256,000 jobs vs 155,000 expected, dampening the prospects of multiple rate cuts in 2025.
OKE's high fee-based earnings, expansion efforts and pipeline additions are expected to further strengthen its position in high-production regions.