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Oneok Inc. (OKE) Q1 Earnings Miss Estimates
ZACKS· 2025-04-29 22:30
Ahead of this earnings release, the estimate revisions trend for Oneok: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Oneok shares have lost about 12.5% since the beginning of the year versu ...
ONEOK(OKE) - 2025 Q1 - Quarterly Results
2025-04-29 20:22
Exhibit 99.1 ew April 29, 2025 Analyst Contact: Megan Patterson Media Contact: 918-561-5325 Brad Borror 918-588-7582 ONEOK Announces Higher First Quarter 2025 Earnings; Affirms 2025 Financial Guidance Higher Year-Over-Year Rocky Mountain Region Volumes TULSA, Okla. - April 29, 2025 - ONEOK, Inc. (NYSE: OKE) today announced higher first quarter 2025 results and affirmed full-year 2025 financial guidance. Higher First Quarter 2025 Results, Compared With First Quarter 2024: "ONEOK's solid first quarter results ...
ONEOK Announces Higher First Quarter 2025 Earnings; Affirms 2025 Financial Guidance
Prnewswire· 2025-04-29 20:15
Core Viewpoint - ONEOK, Inc. reported higher first quarter 2025 results compared to the same period in 2024 and affirmed its full-year 2025 financial guidance, driven by increased volumes in the Rocky Mountain region and contributions from strategic acquisitions [1][2][4]. Financial Performance - Net income for the first quarter of 2025 was $691 million, with net income attributable to ONEOK at $636 million, resulting in diluted earnings per share of $1.04 [8][10]. - Adjusted EBITDA for the quarter was $1.775 billion, reflecting a significant increase from $1.441 billion in the first quarter of 2024 [8][10]. - Operating income rose to $1.220 billion, up from $1.064 billion in the previous year [8]. Volume and Growth - There was a 15% increase in NGL raw feed throughput volumes and a 7% increase in natural gas volumes processed in the Rocky Mountain region [8]. - The performance was supported by a full quarter of adjusted EBITDA from the EnLink and Medallion acquisitions, alongside higher processing volumes [11]. Strategic Initiatives - ONEOK completed the acquisition of EnLink Midstream on January 31, 2025, which contributed to the financial results [9]. - The company announced joint ventures for a new 400,000-barrel per day LPG export terminal in Texas City, Texas, and a pipeline connecting to its Mont Belvieu storage facility [9]. - ONEOK repurchased 190,000 shares of common stock for $17.4 million under its $2 billion share repurchase program, totaling 1.865 million shares repurchased since January 2024 [9]. Capital Expenditures - Total capital expenditures for the first quarter of 2025 were $629 million, compared to $512 million in the same quarter of 2024 [8]. - The Natural Gas Liquids Segment reported adjusted EBITDA of $635 million, while the Refined Products and Crude Segment reported $471 million [13][14]. Future Outlook - The company expects continued execution on acquisition-related synergies and organic growth projects to support growth throughout 2025, enhancing shareholder value [4].
Countdown to Oneok (OKE) Q1 Earnings: Wall Street Forecasts for Key Metrics
ZACKS· 2025-04-28 14:22
Group 1 - Oneok Inc. (OKE) is expected to report quarterly earnings of $1.23 per share, reflecting a year-over-year increase of 12.8% [1] - Revenues are anticipated to reach $7 billion, which is a 46.4% increase from the same quarter last year [1] - There has been a downward revision of 2.6% in the consensus EPS estimate over the past 30 days, indicating a reappraisal by analysts [1] Group 2 - Analysts predict 'Natural gas processed per day' at 6,118.74 BBtu/d, up from 2,894 BBtu/d reported in the same quarter last year [4] - The forecast for 'Raw feed throughput - Natural Gas Liquids' is 1,369.48 million barrels per day, compared to 1,241 MBBL/d in the previous year [4] - 'Adjusted EBITDA- Natural Gas Liquids' is expected to be $686.37 million, an increase from $588 million year-over-year [5] Group 3 - 'Adjusted EBITDA- Natural Gas Pipelines' is forecasted to reach $171.15 million, compared to $165 million reported in the same quarter last year [5] - 'Adjusted EBITDA- Natural Gas Gathering and Processing' is estimated at $529.00 million, up from $306 million in the previous year [6] Group 4 - Oneok shares have shown a return of -12.4% over the past month, while the Zacks S&P 500 composite has changed by -4.3% [7] - Oneok holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [7]
What Analyst Projections for Key Metrics Reveal About Oneok (OKE) Q1 Earnings
ZACKS· 2025-04-25 14:20
The upcoming report from Oneok Inc. (OKE) is expected to reveal quarterly earnings of $1.23 per share, indicating an increase of 12.8% compared to the year-ago period. Analysts forecast revenues of $7 billion, representing an increase of 46.4% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a compan ...
ONEOK to Release Q1 Earnings: Here's What You Need to Know
ZACKS· 2025-04-23 12:40
ONEOK Inc. (OKE) is scheduled to release first-quarter 2025 results on April 29, after market close. The company delivered an earnings surprise of 8.3% in the last reported quarter. (See the Zacks Earnings Calendar to stay ahead of market-making news.) Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Key Factors That May Impact OKE's Q1 Results In December 2025, ONEOK completed MB-6, a 125,000-barrel per day (bpd) natural gas liquids (NGL) fractionator in Mont Bel ...
5 Safe Dividend Stocks Yielding 5% or More to Buy Right Now for Durable Passive Income
The Motley Fool· 2025-04-16 01:02
Core Viewpoint - The stock market has experienced a significant decline this year due to tariff concerns, leading to increased dividend yields for high-quality companies, providing investors with opportunities for durable passive income streams even amid economic downturns [1]. Group 1: Dominion Energy - Dominion Energy currently offers a dividend yield of 5.1%, supported by stable cash flow from electricity and natural gas supply in Virginia and the Carolinas [2]. - The company is investing $50 billion through 2029 to expand power generation, anticipating increased electricity demand from AI data centers and onshoring manufacturing, which is expected to grow earnings per share by 5% to 7% annually [3]. Group 2: NNN REIT - NNN REIT has a dividend yield of 5.8%, generating steady rental income from a portfolio of single-tenant net lease retail properties where tenants cover all operating costs [4]. - The REIT pays out less than 70% of its cash flow in dividends, projecting $200 million in post-dividend free cash flow for reinvestment in additional income-generating properties, and has increased its dividend for 35 consecutive years [5]. Group 3: Brookfield Infrastructure - Brookfield Infrastructure offers a dividend yield of around 5%, with 85% of its funds from operations supported by government-regulated rate structures or long-term contracts [6]. - The company retains 60% to 70% of its stable cash flow for reinvestment, focusing on growing its business and upgrading infrastructure, with expected FFO per share growth of over 10% annually, supporting 5% to 9% dividend growth [7]. Group 4: Verizon - Verizon's dividend yield is 6.2%, with recurring cash flow from wireless and broadband services, generating $36.9 billion last year [8]. - The company is investing $17.1 billion in capital expenditures and has $8.6 billion in excess free cash, which is used to strengthen its balance sheet and support its dividend payments [9]. - Verizon is acquiring Frontier Communications for $20 billion to enhance its fiber network, with investments in fiber and 5G expected to grow cash flow and continue its 18-year dividend growth streak [10]. Group 5: Oneok - Oneok has a dividend yield of 5%, supported by stable cash flow from government-regulated rate structures and long-term contracts [11]. - The company is diversifying and expanding its midstream platform through major acquisitions and organic capital projects, positioning itself for 3% to 4% annual dividend growth while maintaining a trend of dividend stability for over 25 years [12]. Group 6: High-Yielding Dividend Stocks - The recent stock market sell-off has led to increased dividend yields, with many high-quality companies offering payouts of 5% and above, providing attractive income streams for investors [13].
ONEOK Shares Look Inexpensive Again With A Big Dividend
Seeking Alpha· 2025-04-09 09:19
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or ...
ONEOK: A Unique Buying Opportunity
Seeking Alpha· 2025-04-06 22:03
ONEOK (NYSE: OKE ) is a leading midstream platform with an increasing pipeline network that allows the company to deliver highly predictable and stable distributable cash flow to the company’s shareholders. ONEOK is delivering strong DCF, EBITDA and dividend growth andAnalyst’s Disclosure: I/we have a beneficial long position in the shares of OKE, ENB, KMI, WES, EPD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receivin ...
ONEOK First Quarter 2025 Conference Call and Webcast Scheduled
Prnewswire· 2025-04-01 20:15
At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. Through our approximately 60,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy ...