Core Insights - ONEOK, Inc. is a midstream energy company with a market cap of approximately $42.9 billion, involved in various operations including gathering, processing, and transportation of natural gas and crude oil [1] Earnings Expectations - Analysts anticipate ONEOK to report an EPS of $1.48 for the upcoming third quarter, reflecting a 25.4% increase from $1.18 in the same quarter last year [2] - For the full fiscal year 2025, the expected EPS is $5.44, which is a 5.2% increase from $5.17 in fiscal 2024, and a further increase to $6.19 per share is projected for fiscal 2026, representing a 13.8% year-over-year growth [3] Stock Performance - ONEOK's stock has declined by 29.5% over the past 52 weeks, underperforming the S&P 500 Index, which gained 14.8%, and the Energy Select Sector SPDR Fund, which saw a 3.8% dip [4] Factors Influencing Stock Price - The recent weakness in ONEOK's share price is attributed to modest earnings growth, increased interest expenses, and a valuation reset following acquisitions, compounded by broader macroeconomic pressures [5] - The company's cash flows, while stable, are sensitive to changes in interest rates and energy prices, and its recovery may hinge on the successful integration of recent acquisitions and improved market sentiment [5] Analyst Ratings - The stock holds a consensus "Moderate Buy" rating, with 11 out of 19 analysts recommending a "Strong Buy," one a "Moderate Buy," and seven advising a "Hold." The mean price target is $93.44, indicating a 36.3% upside potential from current levels [6]

Core Insights - Investing in high-quality dividend stocks like Realty Income and Oneok provides reliable retirement income due to their proven track records of consistent dividend payments [2][11] Realty Income - Realty Income is a REIT focused on providing dependable monthly dividends that grow over time, having paid 664 consecutive monthly dividends and raised payments 132 times since its public listing in 1994 [3][4] - The current dividend yield for Realty Income is 5.5%, significantly above the S&P 500's average yield of around 1.2%, allowing investors to generate more income from their investments [4] - The company maintains durable cash flows through a diversified real estate portfolio, with over 90% of rent coming from tenants in resilient sectors, ensuring predictable cash flow [5][6] - Realty Income pays out about 75% of its adjusted funds from operations in dividends, allowing it to retain cash for further investments while maintaining a strong balance sheet [6] Oneok - Oneok has a long history of dividend stability and growth, with a current dividend yield of 6%, and has nearly doubled its payout over the past decade [7][10] - The company operates a balanced portfolio of energy infrastructure assets supported by long-term, fee-based contracts, providing stable cash flow for dividend coverage [8] - Oneok has several high-return organic expansion projects planned through mid-2028, along with a history of acquisitions that will enhance its financial performance [9][10] - The company anticipates a 3% to 4% annual growth rate in dividends, supported by ongoing demand for energy, particularly natural gas [10]

Core Insights - Oneok Inc. (OKE) closed at $68.09, reflecting a +1.29% increase from the previous day, outperforming the S&P 500's gain of 0.53% [1] - The stock has experienced an 8.64% decline over the past month, underperforming the Oils-Energy sector's loss of 3% and the S&P 500's gain of 0.71% [1] Earnings Performance - Oneok Inc. is expected to report earnings of $1.48 per share on October 28, 2025, indicating a year-over-year growth of 25.42% [2] - The consensus revenue estimate for the upcoming earnings report is $9.42 billion, representing an 87.52% increase compared to the same quarter last year [2] - Full-year estimates project earnings of $5.46 per share and revenue of $35.86 billion, reflecting year-over-year changes of +5.61% and +65.28%, respectively [3] Analyst Estimates and Stock Performance - Recent changes in analyst estimates for Oneok Inc. are crucial for investors, as positive revisions often signal a favorable business outlook [3][4] - The Zacks Consensus EPS estimate has decreased by 0.36% over the past month, and Oneok Inc. currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Oneok Inc. has a Forward P/E ratio of 12.31, which is higher than the industry average of 11.22, indicating that the company is trading at a premium [6] - The company's PEG ratio stands at 1.64, compared to the industry average of 1.31, suggesting a higher valuation relative to projected earnings growth [7] Industry Ranking - The Oil and Gas - Production Pipeline - MLB industry, to which Oneok Inc. belongs, ranks in the bottom 32% of all industries, with a Zacks Industry Rank of 168 [7] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]

Core Viewpoint - The article introduces ARC Resources (ARC:CA) and highlights its significance in the market, suggesting that it has been a topic of interest for readers over the past few months [1] Group 1 - ARC Resources is positioned as a notable company within its sector, indicating a potential investment opportunity for stakeholders [1]

Core Insights - ONEOK has recently completed acquisitions and is now being evaluated as an integrated company after two quarters of performance [1] Company Performance - The article discusses the performance of ONEOK as an integrated entity following its recent acquisitions, indicating a focus on how these changes have impacted its operations and financial results [1] Investment Perspective - The author emphasizes a value investing approach, suggesting that the company is expected to produce high returns over a 3-8 year horizon, particularly as value returns to other sectors [1]

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].