Group 1: Investment Activity - Benson Investment Management Company, Inc. initiated a new position in ONEOK with an estimated transaction value of $5.4 million, representing 1.8% of the fund's $292.7 million in reportable U.S. equity holdings [2][3]. Group 2: Company Performance - ONEOK's shares were priced at $69.09, reflecting a one-year decline of 29%, significantly underperforming the S&P 500's 12% gain during the same period [3]. - The company reported a trailing twelve months (TTM) revenue of $28 billion and a net income of $3.1 billion, with a dividend yield of 6% [4]. - In the second quarter of 2025, ONEOK achieved a net income of $853 million, a 9% year-over-year increase, and a 22% rise in adjusted EBITDA to approximately $2 billion, driven by higher production volumes [10]. Group 3: Company Overview - ONEOK, Inc. is a leading midstream energy company with over 17,500 miles of gathering pipelines and significant storage facilities, focusing on natural gas and NGL infrastructure [6]. - The company provides natural gas gathering, processing, storage, and transportation services, leveraging extensive midstream infrastructure to serve various customers, including energy producers and industrial end users [9]. Group 4: Strategic Positioning - Benson's investment in ONEOK adds exposure to energy infrastructure within a portfolio primarily focused on technology and metals, indicating a diversification strategy [7][11].

Company Performance - Oneok Inc. (OKE) closed at $69.09, reflecting a -3.03% change from the previous day's closing price, underperforming the S&P 500's loss of 2.71% [1] - The stock has decreased by 2.8% over the past month, while the Oils-Energy sector gained 2.1% and the S&P 500 increased by 3.5% [1] Upcoming Earnings Report - Oneok Inc. is set to release its earnings report on October 28, 2025, with an expected EPS of $1.47, representing a 24.58% increase from the same quarter last year [2] - The consensus estimate anticipates revenue of $9.31 billion, indicating an 85.4% increase compared to the same quarter last year [2] Annual Forecast - Zacks Consensus Estimates project earnings of $5.44 per share and revenue of $35.71 billion for the entire year, reflecting changes of +5.22% and +64.58%, respectively, from the previous year [3] Analyst Estimates - Recent modifications to analyst estimates for Oneok Inc. suggest a favorable outlook on the company's business health and profitability [4] - The Zacks Rank system indicates that estimate changes are linked to stock price performance, with Oneok Inc. currently holding a Zacks Rank of 4 (Sell) [5][6] Valuation Metrics - Oneok Inc. is trading at a Forward P/E ratio of 13.09, which is above the industry average Forward P/E of 11.6, suggesting a premium valuation [7] - The company has a PEG ratio of 1.75, compared to the industry average PEG ratio of 1.37, indicating a higher expected earnings growth rate relative to its price [8] Industry Context - The Oil and Gas - Production Pipeline - MLB industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 197, placing it in the bottom 21% of over 250 industries [9]

Group 1 - ONEOK, Inc. has completed a $3 billion public offering to address its outstanding commercial paper obligations and senior notes due in September 2025 [2][3] - Jim Cramer has assigned a Buy rating to ONEOK, highlighting confidence in the company's leadership and performance despite a recent stock price decline of -1.33% [3] - Bank of America has lowered the stock's price target from $109 to $100 while maintaining a Buy rating, indicating mixed opinions on the stock's future performance [2] Group 2 - ONEOK, Inc. operates as a leader in North American energy infrastructure, managing a vast network of pipelines and assets for natural gas liquids, refined products, and crude oil [4] - The company has strong institutional interest, with 44 hedge funds reported to hold ownership stakes in ONEOK, indicating confidence from institutional investors [3]

Core Viewpoint - ONEOK, Inc. is set to release its third quarter 2025 earnings on October 28, 2025, with a conference call scheduled for the following day to discuss the results [1]. Company Overview - ONEOK is a leading midstream operator in North America, providing essential energy products and services, including gathering, processing, fractionation, transportation, storage, and marine export services [2]. - The company operates an extensive pipeline network of approximately 60,000 miles, transporting natural gas, natural gas liquids (NGLs), refined products, and crude oil to meet both domestic and international energy demands [2]. - As one of the largest integrated energy infrastructure companies in North America, ONEOK plays a crucial role in energy security and delivering reliable energy solutions [2]. Contact Information - Analyst contact: Megan Patterson, ONEOK, Inc., 918-561-5325, megan.patterson@oneok.com [3]. - Media contact: Alicia Buffer, ONEOK, Inc., 918-861-3749, media@oneok.com [3].

Core Viewpoint - The article discusses Jim Cramer's recession-proof stock picks amid increasing economic uncertainty and potential government shutdown impacts on GDP growth [1][2][3]. Economic Context - Recent political gridlock in the U.S. is causing investor anxiety regarding its effects on investments, with Treasury Secretary Scott Bessent warning of a possible government shutdown affecting GDP growth [1]. - Private payrolls decreased by 32,000 in September, marking a record high in layoffs since 2020, indicating a troubling labor market [2]. - The Federal Reserve is facing uncertainty, with markets pricing in a 100% probability of a rate cut in October and growing expectations for another cut by year-end [2]. Investment Strategy - Jim Cramer's strategy focuses on stocks that can withstand economic downturns, providing a list of recession-proof stock picks to enhance portfolio stability [3]. Methodology - The list of recession-proof stock picks is compiled based on mentions by Jim Cramer and ranked by the number of hedge funds holding these stocks as of Q2 2025, utilizing data from the Insider Monkey database [5][6]. Company Highlights - **Realty Income Corporation (NYSE:O)** - Ranked among Cramer's picks, supported by 27 hedge funds, and reported a revenue of $1.41 billion for Q2 2025, a 5.3% increase year-over-year [7][8][9]. - The company announced an $800 million notes issuance, with a slight stock performance uptick of 0.13% following the announcement [8]. - Realty Income is known for its monthly dividend payments and operates a diversified portfolio of over 15,000 commercial properties [10]. - **ONEOK, Inc. (NYSE:OKE)** - Included in Cramer's recession-proof picks, with 44 hedge funds holding stakes in the company [11][13]. - Recently completed a $3 billion public offering to address outstanding obligations, although the stock's monthly performance declined by 1.33% [12][13]. - Cramer maintains a Buy rating on ONEOK, citing strong management and institutional interest [13][14].

Core Points - A fire occurred on October 6, 2025, in the heating system of ONEOK's MB-4 fractionator at the Mont Belvieu, Texas, fractionation complex [1] - The fire was quickly extinguished, and fractionation operations were promptly shut down [2] - ONEOK does not anticipate a material effect on its financial condition, results of operations, or cash flows due to the incident [2] Company Overview - ONEOK is a leading midstream operator providing essential energy products and services, including gathering, processing, fractionation, transportation, storage, and marine export services [3] - The company operates an extensive pipeline network of approximately 60,000 miles, transporting natural gas, natural gas liquids, refined products, and crude oil [3] - ONEOK is headquartered in Tulsa, Oklahoma, and is part of the S&P 500 [4]

Core Insights - ONEOK has been one of the more acquisitive companies in the midstream sector, having roughly doubled its size through mergers and acquisitions [2] Group 1 - The company is strategically positioned for future acquisitions and is expected to continue its acquisitive approach moving forward [2]

Core Insights - The article highlights that several S&P 500 companies are expected to achieve significant revenue growth in the third quarter, surpassing even high-performing stocks like Nvidia and Palantir [2][3]. Revenue Growth Expectations - Eight S&P 500 stocks, including Expand Energy, KeyCorp, and Robinhood Markets, are projected to post over 60% revenue growth in the upcoming third-quarter earnings season [2]. - Expand Energy is anticipated to see a remarkable revenue surge of 402% to $2 billion, largely due to its acquisition of Southwestern Energy [4]. - KeyCorp's revenue is expected to jump 170% to $1.9 billion, with a projected 24% increase in EPS for 2025 [7]. - Robinhood Markets is forecasted to achieve an 83% revenue increase to $1.2 billion in the third quarter of 2025 [6]. Comparative Performance - The expected revenue growth for Expand Energy, KeyCorp, and Robinhood significantly outpaces the anticipated growth of 55.6% for Nvidia and 50.5% for Palantir [3]. - Despite the high revenue growth projections, KeyCorp's stock has only risen 8% this year, indicating a potential disconnect between growth expectations and market performance [7]. Summary of Top Growth Companies - The following companies are expected to have the highest revenue growth in Q3 2025: - Expand Energy (EXE): 402.1% - KeyCorp (KEY): 170.8% - Robinhood Markets (HOOD): 82.6% - First Solar (FSLR): 75.1% - Bunge Global (BG): 74.0% - Amcor (AMCR): 71.5% - TKO Group (TKO): 65.2% - Oneok (OKE): 63.6% [8].

Group 1 - Wolfe Research's Midstream group is led by Keith Stanley, who introduced ONEOK's senior management team, including CEO Pierce Norton, Chief Commercial Officer Sheridan Swords, and CFO Walter Hulse [1] - The event encourages audience participation, allowing attendees to ask questions during the presentation [2]

Group 1 - Wolfe Research's Midstream group is led by Keith Stanley, who introduced ONEOK's senior management team, including CEO Pierce Norton, Chief Commercial Officer Sheridan Swords, and CFO Walter Hulse [1] - The event encourages audience participation, allowing attendees to ask questions during the presentation [2]