ONEOK Q2 Earnings Meet Estimates, Revenues Rise Year Over Year

ONEOK Inc. OKE reported second-quarter 2025 operating earnings per share (EPS) of $1.34, which came in line with the Zacks Consensus Estimate. The bottom line increased 0.8% from the year-ago quarter’s figure of $1.33.OKE’s Total RevenuesOperating revenues for the quarter totaled $7.89 billion, which missed the Zacks Consensus Estimate of $8.57 billion by 7.9%. However, the top line improved 61.2% from $4.89 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 $1.98 billion, up 22% year over year.Operating income totaled $1.43 billion, up 16.4% from the prior-year level of $1.23 billion.ONEOK incurred interest expenses of $438 million, up 47% from $298 million recorded in the year-ago period.The total natural gas processed was 5,573 million cubic feet of gas per day (MMcf/d), up 139.6% year over year.The company reported natural gas transportation capacity contracted of 4,650 million British thermal units per hour per day (MDth/d), which increased 4.3% year over year.OKE’s Financial HighlightsAs of June 30, 2025, ONEOK had cash and cash equivalents worth $97 million compared with $733 million as of Dec. 31, 2024.As of June 30, 2025, long-term debt (excluding current maturities) totaled $29.63 billion compared with $31.02 billion as of Dec. 31, 2024.Cash provided by operating activities for the first six months of 2025 amounted to $2.43 billion compared with $2.03 billion in the corresponding period of 2024.OKE’s 2025 GuidanceONEOK lowered its consolidated 2025 net income in the band of $3.17-$3.65 billion compared to the previous range 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. The Zacks Consensus Estimate for earnings is pegged at $5.49, which is higher 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 second-quarter results on Aug. 6, after market close. The Zacks Consensus Estimate for earnings is pegged at 32 cents per unit, which indicates a year-over-year decline of 8.6%.ET’s long-term (three to five years) earnings growth rate is 13.7%. The Zacks Consensus Estimate for second-quarter sales stands at $25.26 billion, which suggests year-over-year growth of 21.9%.Delek Logistics Partners, LP DKL is scheduled to release second-quarter results on Aug. 6, before market open. The Zacks Consensus Estimate for earnings is pegged at 79 cents per share, which indicates a year-over-year decrease of 9.2%.DKL’s long-term earnings growth rate is 11.3%. The Zacks Consensus Estimate for second-quarter sales is pegged at $247 million, which calls for a year-over-year fall of 6.7%.Plains All American Pipeline PAA is slated to report second-quarter results on Aug. 8, before market open. The Zacks Consensus Estimate for earnings is pegged at 30 cents per share, which indicates a year-over-year plunge of 3.2%.The Zacks Consensus Estimate for second-quarter sales stands at $12.05 billion, which suggests a year-over-year decline of 6.8%.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 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 Report Delek Logistics Partners, L.P. (DKL): 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