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ONEOK Inc. (OKE) Rides on Fee-Based Earnings & Investments
Zacks Investment Research· 2024-03-14 15:16
ONEOK Inc. (OKE) continues to benefit from higher fee-based earnings and capital expenditure plans. Its expansion efforts and pipeline additions are expected to strengthen its position in the high-production region and boost its performance. The company's organic initiatives and diverse customers act as tailwinds.However, this Zacks Rank #3 (Hold) company faces risks related to the maintenance expenses of the land and strong competition in its pipeline business.TailwindsONEOK is poised to benefit from long- ...
Oneok Inc. (OKE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Zacks Investment Research· 2024-03-13 23:21
In the latest trading session, Oneok Inc. (OKE) closed at $77.12, marking a -0.68% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.19%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 0.54%.The natural gas company's stock has climbed by 11.76% in the past month, exceeding the Oils-Energy sector's gain of 3.8% and the S&P 500's gain of 3.18%.The investment community will be paying close attention to the earnings p ...
ONEOK Schedules 2024 Annual Meeting of Shareholders; Sets Record Date
Prnewswire· 2024-02-29 21:15
TULSA, Okla., Feb. 29, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will hold its 2024 annual meeting of shareholders at 9 a.m. Central Daylight Time (CDT) on May 22, 2024, as a virtual meeting only. The meeting will be accessible through a live webcast. The record date for determining shareholders entitled to receive notice of the meeting and to vote is March 25, 2024. What:        ONEOK, Inc. 2024 Annual Meeting of Shareholders When:        9 a.m. CDT, May 22, 2024 Where:      Virtual meeting ...
ONEOK(OKE) - 2023 Q4 - Earnings Call Presentation
2024-02-27 19:56
| --- | --- | --- | |-------------------------------------------------------|-------------------------------------------------------------------------|---------------------------------------------------------------------------| | Financial | Operational | ESG | | • 10 consecutive years of EBITDA growth. | • Successfully completed acquisition of Magellan Midstream Partners. | • Received an MSCI ESG Rating of AAA in 2023. | | • 3.7% dividend increase. • $3.96/share annualized. | • Record volumes: • NGL volume ...
ONEOK(OKE) - 2023 Q4 - Earnings Call Transcript
2024-02-27 19:56
ONEOK, Inc. (NYSE:OKE) Q4 2023 Earnings Conference Call February 27, 2024 11:00 AM ET Company Participants Andrew Ziola - Vice President, Investor Relations Pierce Norton - President and Chief Executive Officer Walt Hulse - Chief Financial Officer, Treasurer and Executive Vice President, Investor Relations and Corporate Development Sheridan Swords - Executive Vice President, Commercial Liquids and Natural Gas Gathering and Processing Chuck Kelley - Senior Vice President, Natural Gas Pipelines Kevin Burdick ...
ONEOK (OKE) Earnings and Revenues Miss Estimates in Q4
Zacks Investment Research· 2024-02-27 13:26
ONEOK Inc. (OKE) reported fourth-quarter 2023 operating earnings per share (EPS) of $1.18 per share, which lagged the Zacks Consensus Estimate of $1.21 per share by 2.4%. However, the bottom line improved 9.2% from the year-ago quarter’s figure of 1.08.OKE reported earnings of $5.48 per share for 2023 compared with $3.84 per share in 2022, which reflects a year-over-year increase of 42.7%.Total RevenuesOperating revenues for the quarter totaled $5.2 billion, which missed the Zacks Consensus Estimate of $5.5 ...
Here's What Key Metrics Tell Us About Oneok (OKE) Q4 Earnings
Zacks Investment Research· 2024-02-27 00:01
Oneok Inc. (OKE) reported $5.24 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 4%. EPS of $1.18 for the same period compares to $1.08 a year ago.The reported revenue represents a surprise of -6.07% over the Zacks Consensus Estimate of $5.57 billion. With the consensus EPS estimate being $1.21, the EPS surprise was -2.48%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...
ONEOK Announces Higher Fourth Quarter and Full-year 2023 Earnings
Prnewswire· 2024-02-26 21:15
Record Rocky Mountain Region Volumes Announces 2024 Financial Guidance TULSA, Okla., Feb. 26, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced higher fourth quarter and full-year 2023 results and 2024 financial guidance. Higher Fourth-quarter 2023 Results, Compared with Fourth Quarter 2022: Net income of $688 million, resulting in $1.18 per diluted share. Adjusted EBITDA of more than $1.5 billion. 20% increase in Rocky Mountain region NGL raw feed throughput volumes. 17% increase in Gulf Coast ...
ONEOK(OKE) - 2023 Q4 - Annual Report
2024-02-26 16:00
☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission file number 001-13643 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K Securities registered pursuant to Section 12(g) of the Act: None (Exact name of registrant as specified in its cha ...
ONEOK(OKE) - 2023 Q4 - Annual Results
2024-02-25 16:00
Exhibit 99.1 Announces 2024 Financial Guidance TULSA, Okla. - Feb. 26, 2024 - ONEOK, Inc. (NYSE: OKE) today announced higher fourth quarter and full-year 2023 results and 2024 financial guidance. Higher Fourth-quarter 2023 Results, Compared with Fourth Quarter 2022: News February 26, 2024 Analyst Contact: Megan Patterson Media Contact: 918-561-5325 Brad Borror 918-588-7582 ONEOK Announces Higher Fourth Quarter and Full-year 2023 Earnings Record Rocky Mountain Region Volumes Higher Full-year 2023 Results, Co ...