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) 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'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 (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 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.
Benson Investment Management Company, Inc. initiated a new position in ONEOK (OKE -2.85%) in the third quarter with an estimated $5.4 million transaction, according to an SEC filing released on Friday.
Oneok Inc. (OKE) closed at $69.09 in the latest trading session, marking a -3.03% move from the prior day.
ONEOK, Inc. - Special Call Company Participants 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 Keith Stanley - Wolfe Research, LLC Presentation Keith Stanley Wolfe Research, LLC Hello again, everybody. For those who don't know me, I'm Keith Stanley.
ONEOK is a leading North American midstream operator offering a 5.8% dividend yield and trading near its 52-week low. OKE's fee-based business model, diversified assets, and recent acquisitions support resilient cash flows and strong EBITDA growth. OKE is making progress on deleveraging, integrating Magellan and EnLink assets, and capitalizing on LNG demand and project expansions.
ONEOK, Inc. - Barclays Energy-Power Conference Company Participants 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 Theresa Chen - Barclays Bank PLC, Research Division Presentation Operator Good afternoon, everyone. My name is Theresa Chen, and I'm the Midstream and Refining analyst here at Barclays.
Energy Transfer and ONEOK continue to strengthen their midstream operation in North America to provide reliable services to their customers.
ONEOK offers a nearly 6% dividend yield, is attractively valued after a recent share price drop, and doesn't issue a K-1, simplifying taxes. Long-term growth drivers include rising LNG exports, natural gas replacing coal, and surging AI-driven electricity demand, supporting sustained EBITDA growth. ONEOK's EBITDA per share is expected to grow 20% this year and at least 10% over the next two years, with solid growth prospects beyond 2027.