How Is ONEOK’s Stock Performance Compared to Other Midstream Energy Stocks?

Company Overview - ONEOK, Inc. is a midstream energy company based in Tulsa, Oklahoma, focusing on natural gas and natural gas liquids, playing a crucial role in collecting, processing, and transporting these products through an extensive pipeline network [1] - The company operates in major U.S. energy regions, linking producers to key markets and delivering energy resources to utilities, refiners, and exporters [2] - ONEOK has a market capitalization of $48.04 billion, classifying it as a "large-cap" stock [2] Stock Performance - The stock reached a 52-week low of $64.02 in November but has increased by 19.2% from that level [3] - Over the past three months, ONEOK's stock has gained 5.1%, outperforming the USCF Midstream Energy Income Fund's 2.3% gains [3] - However, over the past 52 weeks, ONEOK's stock has declined by 30.7%, and by 6% over the past six months [4] Financial Results - For the third quarter of fiscal 2025, ONEOK reported a 17% increase in NGL raw feed throughput volumes and a 3% increase in natural gas volumes processed in the Rocky Mountain region [5] - Operating income increased by 38.1% year-over-year to $1.56 billion, and EPS grew by 26.3% annually to $1.49, exceeding Wall Street analysts' expectations of $1.46 [5] - Despite strong financial results, the stock dropped 2.8% intraday on October 29 [5] Future Plans - ONEOK plans to construct a 300 million cubic feet per day (MMcf/d) natural gas processing plant in the Permian Basin, named the Bighorn natural gas processing plant, expected to be completed by mid-2027 [6] - The company has also entered into a joint venture to construct the Eiger Express Pipeline, a 450-mile natural gas pipeline from the Permian Basin to Katy, Texas [6]