ONEOK Q1 Earnings Lag Estimates, Revenues Increase Year Over Year

ONEOK Inc. OKE 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 RevenuesOperating 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. QuoteHighlights of OKE’s Earnings ReleaseAdjusted 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 HighlightsAs 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 GuidanceONEOK 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 RankONEOK currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Upcoming ReleasesEnergy Transfer ET 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 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 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%.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Devon Energy Corporation (DVN): Free Stock Analysis Report Plains All American Pipeline, L.P. (PAA): Free Stock Analysis Report ONEOK, Inc. (OKE): Free Stock Analysis Report Energy Transfer LP (ET): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks