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Oneok Inc (OKE)
:OKE
Holding OKE?
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.53Last Year’s EPS
1.18Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 15.22%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment overall, with significant achievements in financial performance, successful acquisition integrations, and record-setting volumes. While there were some operational challenges due to weather events and delays in third-party processing plants, the company's outlook remains strong with expectations of continued growth and synergies.Company Guidance
During the ONEOK Third Quarter 2024 Earnings Call, the company announced an increase in their full-year 2024 financial guidance, marking the second upward revision this year. The guidance now forecasts a stand-alone adjusted EBITDA of $6.275 billion, excluding contributions from EnLink and the pending Medallion acquisition, which is $100 million higher than the previous guidance. The consolidated guidance incorporating these acquisitions projects a net income midpoint of approximately $3 billion and an adjusted EBITDA midpoint of $6.625 billion. Furthermore, ONEOK anticipates achieving more than $8 billion in total combined EBITDA for 2025, reflecting significant growth post the Magellan acquisition and continued synergy realization. The company also maintains a total stand-alone capital expenditure forecast between $1.75 billion and $1.95 billion for 2024, consistent with initial expectations and excluding EnLink and Medallion expenditures.Increased Full-Year Financial Guidance
The company increased its full-year 2024 financial guidance for the second time this year, highlighting its ability to deliver on synergy opportunities and maintain strong fee-based earnings.
Record Volumes in Refined Products
Total refined products volumes reached nearly 1.6 million barrels per day, setting a new record for the system.
Positive Momentum in Natural Gas Gathering and Processing
Rocky Mountain region processing volumes reached a new record in the third quarter, averaging nearly 1.7 Bcf per day.
Successful Integration of Acquisitions
The acquisition of Easton Energy NGL assets is performing well, with throughput increasing by nearly 30% since acquisition.
Strong Anticipated EBITDA Growth
The company expects total combined EBITDA for 2025 to be comfortably above $8 billion, double the EBITDA run rate prior to the Magellan acquisition.
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OKE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OKE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $94.57 | $95.18 | +0.65% |
| Aug 05, 2024 | $77.82 | $81.48 | +4.70% |
| Apr 30, 2024 | $77.38 | $75.23 | -2.78% |
| Feb 26, 2024 | $70.44 | $71.85 | +2.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Oneok Inc (OKE) report earnings?
Oneok Inc (OKE) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Oneok Inc (OKE) earnings time?
Oneok Inc (OKE) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OKE EPS forecast?
OKE EPS forecast for the fiscal quarter 2024 (Q4) is 1.53.
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