Core Insights - Oneok Inc. (OKE) is expected to report quarterly earnings of $1.34 per share, reflecting a 0.8% increase year over year, with revenues projected at $8.56 billion, indicating a 75% year-over-year growth [1] Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been adjusted downward by 0.2%, indicating a reassessment by analysts [1][2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock [2] Revenue Projections - Analysts estimate 'Revenues- Natural Gas Gathering and Processing' at $1.37 billion, a year-over-year increase of 62.4% [4] - 'Revenues- Natural Gas Pipelines' are expected to reach $161.26 million, reflecting a 1.1% decrease from the prior year [4] - 'Revenues- Natural Gas Liquids' are projected at $3.06 billion, indicating a 13.3% decline year over year [5] Key Metrics - 'Raw feed throughput - Natural Gas Liquids' is estimated at 1,702.67 thousand barrels of oil per day, compared to 1,365.00 thousand barrels per day in the same quarter last year [5] - 'Adjusted EBITDA- Natural Gas Liquids' is projected at $725.00 million, up from $635.00 million year over year [6] - 'Adjusted EBITDA- Natural Gas Pipelines' is expected to be $145.59 million, down from $152.00 million in the previous year [6] - 'Adjusted EBITDA- Natural Gas Gathering and Processing' is estimated at $538.82 million, compared to $371.00 million in the same quarter last year [7] Stock Performance - Over the past month, Oneok shares have returned +0.1%, while the Zacks S&P 500 composite has changed by +2.7% [7] - Oneok holds a Zacks Rank 3 (Hold), suggesting its performance will likely align with the overall market in the upcoming period [7]
Oneok (OKE) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates