ONEOK(OKE) ZACKS·2025-02-25 15:50Core Insights - ONEOK Inc. reported fourth-quarter 2024 operating earnings per share (EPS) of $1.57, exceeding the Zacks Consensus Estimate of $1.45 by 8.3% and improving 33.1% from the previous year's $1.18 [1] - For the full year 2024, ONEOK's EPS was $5.17, a decrease of 5.7% compared to $5.48 in 2023 [2] Financial Performance - Operating revenues for the fourth quarter totaled $7 billion, surpassing the Zacks Consensus Estimate of $6.56 billion by 6.8% and increasing 33.7% from $5.24 billion in the prior-year quarter [3] - Total revenues for 2024 reached nearly $21.7 billion, reflecting a year-over-year increase of 22.7% from $17.68 billion in 2023 [3] - Adjusted EBITDA for the quarter was $2.17 billion, up 43.6% year over year [4] - Operating income totaled $1.57 billion, a 42.7% increase from the prior year's $1.1 billion [4] - Interest expenses rose to $448 million, up 46.9% from $305 million in the year-ago period [4] - Cash and cash equivalents as of December 31, 2024, were $733 million, compared to $338 million a year earlier [6] - Long-term debt (excluding current maturities) increased to $31.02 billion from $21.18 billion as of December 31, 2023 [6] - Cash provided by operating activities for 2024 was $4.89 billion, up from $4.42 billion in 2023 [6] Future Guidance - ONEOK anticipates consolidated net income for 2025 in the range of $3.21 billion to $3.69 billion and adjusted EBITDA between $8 billion and $8.45 billion [7] - Interest expenses for 2025 are expected to be in the range of $1.77 billion to $1.73 billion [7] - Total capital expenditures are projected to be between $2.8 billion and $3.2 billion, including various expansion and relocation projects [8] - Diluted EPS for 2025 is expected to be in the range of $4.97 to $5.77 per share, with the Zacks Consensus Estimate at $5.95 per share [9] Company Ranking - ONEOK currently holds a Zacks Rank 3 (Hold) [10]