ONEOK: A Midstream Titan With A Booming Footprint And Cost Synergies Potential
ONEOK offers a compelling investment with a 6.1% dividend yield, robust growth drivers, and a vast North American energy infrastructure network. OKE's recent acquisitions and strategic projects are expected to deliver significant synergies, supporting double-digit operating cash flow growth through 2027. Risks include potential merger integration challenges and counterparty risk in a prolonged energy downturn, but OKE's valuation compensates for these concerns.
OneOK: Why It Dropped, And Why Now Is The Time To Buy
OneOK has badly underperformed peers, dropping 28% YTD, but recent operational and valuation challenges appear priced in. OKE's decline was driven by uninspiring results, elevated CapEx, and tax-loss selling, but Q3 showed improving fundamentals and positive management commentary. Management guided for declining CapEx, improved leverage, and additional merger synergies, we should support a recovery in cash flow and shareholder returns.
Could ONEOK Stock Rally?
ONEOK (OKE) has recently drawn investor interest as energy infrastructure names regain momentum amid stable oil prices and rising U.S. natural gas demand. The company has strengthened its balance sheet, expanded its pipeline and processing footprint, and reaffirmed solid 2025 guidance—all while its stock remains well below prior highs.
The More My Top Infrastructure Pick Drops, The More I Buy: ONEOK
Oneok is now my top infrastructure pick after the stock has dropped significantly recently. I give a review of its recently reported results, which came in strong with headline adjusted EBITDA up 7%. I also detail its strengths and risks to explain why I am buying shares aggressively right now.
ONEOK: Get Ready For A Stronger Rally
ONEOK is rated a "Buy," supported by strong Q3 2025 results, strategic acquisitions, and robust infrastructure expansion in key energy regions. OKE's diversified revenue streams, focus on fee-based income, and aggressive asset growth position it to benefit from rising energy and AI-driven. Despite elevated net debt from acquisitions, management targets a 3.5x leverage ratio by the end of 2026, aided by EBITDA growth.
Compared to Estimates, Oneok (OKE) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Oneok (OKE) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
ONEOK, Inc. (OKE) Q3 2025 Earnings Call Transcript
ONEOK, Inc. ( OKE ) Q3 2025 Earnings Call October 29, 2025 11:00 AM EDT Company Participants Megan Patterson Pierce Norton - President, CEO & Director Walter Hulse - CFO, Treasurer and Executive VP of Investor Relations & Corporate Development Sheridan Swords - Executive VP & Chief Commercial Officer Conference Call Participants Vrathan Reddy - JPMorgan Chase & Co, Research Division Michael Blum - Wells Fargo Securities, LLC, Research Division Spiro Dounis - Citigroup Inc. Exchange Research Theresa Chen - Barclays Bank PLC, Research Division Jean Ann Salisbury - BofA Securities, Research Division Manav Gupta - UBS Investment Bank, Research Division Keith Stanley - Wolfe Research, LLC John Mackay - Goldman Sachs Group, Inc., Research Division Sunil Sibal Jason Gabelman - TD Cowen, Research Division Presentation Operator Good morning, everyone, and welcome to ONEOK's Third Quarter 2025 Earnings Conference Call. [Operator Instructions] With that, it is my pleasure to turn the program over to Ms.
ONEOK Q3 Earnings Beat Estimates, Revenues Up Year Over Year
OKE posted a strong Q3 with earnings beating estimates and increasing 26% year over year, driven by soaring gas volumes and higher operating income.
Oneok Inc. (OKE) Q3 Earnings Surpass Estimates
Oneok Inc. (OKE) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.18 per share a year ago.
ONEOK: Fee-Based Stability Amid AI Frenzy
ONEOK's diversified business mix and fee-based earnings provide resilience against commodity price volatility and support long-term growth. Valuation suggests a 13% upside to fair value, with Wall Street consensus indicating even greater undervaluation for OKE shares. The company is poised to capitalize on favorable external trends like AI and the expanding manufacturing potential of the U.S.
Oneok Inc. (OKE) Reports Next Week: Wall Street Expects Earnings Growth
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: The Time To Buy Is Now
ONEOK is integrating recent acquisitions, with EnLink and Medallion assets performing well and delivering strong EBITDA growth. OKE's recent divestitures and commodity price pressures have temporarily weighed on earnings, but valuable NGL infrastructure additions position the company for future gains. Despite a short-term bearish outlook, OKE is projected to reduce its debt-to-EBITDA ratio below 3.75 by end of 2026, unlocking share buybacks.
