We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ONEOK Q1 Earnings Lag Estimates, Revenues Increase Year Over Year
Read MoreHide Full Article
ONEOK Inc. (OKE - Free Report) reported first-quarter 2025 operating earnings per share (EPS) of $1.04, which missed the Zacks Consensus Estimate of $1.23 by 15.4%. The bottom line also declined 4.6% from the year-ago quarter’s figure of $1.09. (See the Zacks Earnings Calendar to stay ahead of market-making news.)
OKE’s Total Revenues
Operating revenues for the quarter totaled $8.04 billion, which surpassed the Zacks Consensus Estimate of $7 billion by 14.9%. The top line also improved 68.2% from $4.78 billion in the prior-year quarter.
Adjusted EBITDA came in at $1.78 billion, up 23.2% year over year.
Operating income totaled $1.22 billion, up 14.7% from the prior-year level of $1.06 billion.
ONEOK incurred interest expenses of $442 million, up 47.3% from $300 million recorded in the year-ago period.
The total natural gas processed was 5,250 million cubic feet of gas per day (MMcf/d), up 140.1% year over year.
The company reported natural gas transportation capacity contracted of 4,663 million British thermal units per hour per day (MDth/d), which increased 4% year over year.
OKE’s Financial Highlights
As of March 31, 2025, ONEOK had cash and cash equivalents worth $141 million compared with $733 million as of Dec. 31, 2024.
As of March 31, 2025, long-term debt (excluding current maturities) totaled $29.78 billion compared with $31.02 billion as of Dec. 31, 2024.
Cash provided by operating activities for the first three months of 2025 amounted to $904 million compared with $596 million in the corresponding period of 2024.
OKE’s 2025 Guidance
ONEOK anticipates consolidated 2025 net income in the band of $3.21-$3.69 billion. It continues to expect adjusted EBITDA in the range of $8-$8.45 billion.
Interest expenses, net of capitalized interest, are still expected in the range of $1.77-$1.73 billion.
Diluted EPS is expected in the range of $4.97-$5.77 per share. The Zacks Consensus Estimate for earnings is pegged at $5.35 per share, which is lower than the midpoint of the company’s guided range.
Energy Transfer (ET - Free Report) is slated to report first-quarter results on May 6, after market close. The Zacks Consensus Estimate for earnings is pegged at 33 cents per unit, which indicates a year-over-year increase of 3.1%.
ET’s long-term (three to five years) earnings growth rate is 21.4%. The Zacks Consensus Estimate for first-quarter sales stands at $23.37 billion, which suggests year-over-year growth of 8.1%.
Devon Energy (DVN - Free Report) is slated to report first-quarter results on May 6, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.25 per share, which indicates a year-over-year increase of 7.8%.
DVN’s long-term earnings growth rate is 11.01%. The Zacks Consensus Estimate for first-quarter sales is pegged at $4.36 billion, which calls for a year-over-year rise of 21.3%.
Plains All American Pipeline (PAA - Free Report) is slated to report first-quarter results on May 9, before market open. The Zacks Consensus Estimate for earnings is pegged at 46 cents per share, which indicates year-over-year growth of 12.2%.
PAA holds a four-quarter average earnings surprise of 3.47%. The Zacks Consensus Estimate for first-quarter sales stands at $12.87 billion, which indicates year-over-year growth of 7.3%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ONEOK Q1 Earnings Lag Estimates, Revenues Increase Year Over Year
ONEOK Inc. (OKE - Free Report) reported first-quarter 2025 operating earnings per share (EPS) of $1.04, which missed the Zacks Consensus Estimate of $1.23 by 15.4%. The bottom line also declined 4.6% from the year-ago quarter’s figure of $1.09. (See the Zacks Earnings Calendar to stay ahead of market-making news.)
OKE’s Total Revenues
Operating revenues for the quarter totaled $8.04 billion, which surpassed the Zacks Consensus Estimate of $7 billion by 14.9%. The top line also improved 68.2% from $4.78 billion in the prior-year quarter.
ONEOK, Inc. Price, Consensus and EPS Surprise
ONEOK, Inc. price-consensus-eps-surprise-chart | ONEOK, Inc. Quote
Highlights of OKE’s Earnings Release
Adjusted EBITDA came in at $1.78 billion, up 23.2% year over year.
Operating income totaled $1.22 billion, up 14.7% from the prior-year level of $1.06 billion.
ONEOK incurred interest expenses of $442 million, up 47.3% from $300 million recorded in the year-ago period.
The total natural gas processed was 5,250 million cubic feet of gas per day (MMcf/d), up 140.1% year over year.
The company reported natural gas transportation capacity contracted of 4,663 million British thermal units per hour per day (MDth/d), which increased 4% year over year.
OKE’s Financial Highlights
As of March 31, 2025, ONEOK had cash and cash equivalents worth $141 million compared with $733 million as of Dec. 31, 2024.
As of March 31, 2025, long-term debt (excluding current maturities) totaled $29.78 billion compared with $31.02 billion as of Dec. 31, 2024.
Cash provided by operating activities for the first three months of 2025 amounted to $904 million compared with $596 million in the corresponding period of 2024.
OKE’s 2025 Guidance
ONEOK anticipates consolidated 2025 net income in the band of $3.21-$3.69 billion. It continues to expect adjusted EBITDA in the range of $8-$8.45 billion.
Interest expenses, net of capitalized interest, are still expected in the range of $1.77-$1.73 billion.
Diluted EPS is expected in the range of $4.97-$5.77 per share. The Zacks Consensus Estimate for earnings is pegged at $5.35 per share, which is lower than the midpoint of the company’s guided range.
OKE’s Zacks Rank
ONEOK currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
Energy Transfer (ET - Free Report) is slated to report first-quarter results on May 6, after market close. The Zacks Consensus Estimate for earnings is pegged at 33 cents per unit, which indicates a year-over-year increase of 3.1%.
ET’s long-term (three to five years) earnings growth rate is 21.4%. The Zacks Consensus Estimate for first-quarter sales stands at $23.37 billion, which suggests year-over-year growth of 8.1%.
Devon Energy (DVN - Free Report) is slated to report first-quarter results on May 6, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.25 per share, which indicates a year-over-year increase of 7.8%.
DVN’s long-term earnings growth rate is 11.01%. The Zacks Consensus Estimate for first-quarter sales is pegged at $4.36 billion, which calls for a year-over-year rise of 21.3%.
Plains All American Pipeline (PAA - Free Report) is slated to report first-quarter results on May 9, before market open. The Zacks Consensus Estimate for earnings is pegged at 46 cents per share, which indicates year-over-year growth of 12.2%.
PAA holds a four-quarter average earnings surprise of 3.47%. The Zacks Consensus Estimate for first-quarter sales stands at $12.87 billion, which indicates year-over-year growth of 7.3%.