ONEOK Set to Report Q4 Earnings: What's in Store for the Stock?

Core Viewpoint - ONEOK Inc. (OKE) is set to release its fourth-quarter 2025 results on February 23, with an earnings surprise of 2.05% in the previous quarter [1] Factors Impacting Q4 Performance - The fourth-quarter earnings are expected to benefit from increased industrial demand from data centers, liquefied natural gas, and ammonia facilities [2] - Strong fee-based contracts, which account for over 90% of revenues, are anticipated to positively impact the bottom line [2] - Increased well completions in the Rocky Mountain and Mid-Continent regions are likely to have contributed to higher earnings and boosted natural gas gathering and processing volumes [3] Strategic Acquisitions - ONEOK has increased its stake in BridgeTex Pipeline Company, LLC, to 60% and acquired the remaining interest in Delaware G&P LLC, which is expected to yield significant cost savings and synergies, enhancing profitability [4] - However, higher interest expenses may have offset some of the gains in the upcoming quarter [4] Q4 Expectations - The Zacks Consensus Estimate for earnings is $1.50 per share, reflecting a year-over-year decrease of 4.5% [5] - Revenue is estimated at $9.49 billion, indicating a year-over-year increase of 35.6% [5] - Raw feed throughput is expected to be 1,650.68 thousand barrels of natural gas liquid per day, suggesting a 26.4% year-over-year growth [5] Natural Gas Processing Volumes - The Zacks Consensus Estimate for natural gas processing volumes is pegged at 5,825.78 million cubic feet of gas per day, implying a slight dip of 0.4% from the previous quarter [6] Earnings Prediction Model - The earnings prediction model does not indicate a conclusive earnings beat for ONEOK, with an Earnings ESP of -1.45% and a Zacks Rank of 4 (Sell) [7][8]