Core Insights - Analysts project Oneok Inc. (OKE) will report quarterly earnings of $1.45 per share, reflecting a 22.9% year-over-year increase, with revenues expected to reach $9.42 billion, an 87.5% increase from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 1% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Revenues- Natural Gas Gathering and Processing' at $1.32 billion, a 45.6% increase year-over-year [5]. - 'Revenues- Natural Gas Pipelines' are projected to reach $285.30 million, reflecting a 66.8% year-over-year increase [5]. - 'Revenues- Refined Products & Crude' are expected to be $1.85 billion, indicating a 92% increase year-over-year [5]. - 'Revenues- Natural Gas Liquids' are forecasted to be $2.84 billion, showing a decrease of 22.7% from the prior-year quarter [6]. Production and EBITDA Estimates - 'Raw feed throughput - Natural Gas Liquids' is expected to reach 1,542.23 thousand barrels of oil per day, up from 1,324.00 thousand barrels of oil per day a year ago [6]. - 'Adjusted EBITDA- Natural Gas Liquids' is projected at $769.06 million, compared to $624.00 million in the same quarter last year [7]. - 'Adjusted EBITDA- Natural Gas Pipelines' is expected to be $181.14 million, up from $166.00 million in the same quarter of the previous year [7]. - 'Adjusted EBITDA- Natural Gas Gathering and Processing' is estimated at $568.09 million, compared to $318.00 million in the same quarter last year [8]. Stock Performance - Oneok shares have decreased by 5% over the past month, contrasting with the Zacks S&P 500 composite's increase of 1.3% [8].
What Analyst Projections for Key Metrics Reveal About Oneok (OKE) Q3 Earnings