ONEOK Q4 Earnings Surpass Estimates, Revenues Increase Y/Y

ONEOK Inc. OKE reported fourth-quarter 2024 operating earnings per share (EPS) of $1.57, which beat the Zacks Consensus Estimate of $1.45 by 8.3%. The bottom line also improved 33.1% from the year-ago quarter’s figure of $1.18.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.OKE reported earnings of $5.17 per share for 2024 compared with $5.48 per share in 2023, which reflects a year-over-year decrease of 5.7%.OKE’s Total Revenues Operating revenues for the quarter totaled $7 billion, which surpassed the Zacks Consensus Estimate of $6.56 billion by 6.8%. The top line also improved 33.7% from $5.24 billion in the prior-year quarter.OKE reported total revenues of nearly $21.7 billion for 2024 compared with $17.68 billion in 2023, which reflects a year-over-year increase of 22.7%.ONEOK, Inc. Price, Consensus and EPS Surprise ONEOK, Inc. price-consensus-eps-surprise-chart | ONEOK, Inc. QuoteHighlights of OKE’s Earnings Release Adjusted EBITDA came in at $2.17 billion, up 43.6% year over year.Operating income totaled $1.57 billion, up 42.7% from the prior-year level of $1.1 billion.ONEOK incurred interest expenses of $448 million, up 46.9% from $305 million recorded in the year-ago period.Total natural gas processed was 3,118 billion British thermal units per day (BBtu/d), down 1.7% year over year.The company reported natural gas transportation capacity contracted of 8,395 million British thermal units per hour per day (MDth/d), which increased 6% year over year.OKE’s Financial Highlights As of Dec. 31, 2024, ONEOK had cash and cash equivalents worth $733 million compared with $338 million as of Dec. 31, 2023.As of Dec. 31, 2024, long-term debt (excluding current maturities) totaled $31.02 billion compared with $21.18 billion as of Dec. 31, 2023.Cash provided by operating activities for 2024 amounted to $4.89 billion compared with $4.42 billion in the corresponding period of 2023.OKE’s 2025 Guidance ONEOK anticipates consolidated 2025 net income in the band of $3.21-$3.69 billion. It expects adjusted EBITDA in the range of $8-$8.45 billion.Interest expenses, net of capitalized interest, are expected to be in the range of $1.77-$1.73 billion.Total capital expenditures are expected between $2.8 billion and $3.2 billion. Capital expenditure guidance includes the Medford fractionator rebuild, Denver-area refined products expansion, the relocation of a natural gas processing plant to the Permian Basin from North Texas and the Texas City export terminal joint ventures. Additional funding is provided for well connections across all basins, plant connections and synergy-related projects.Diluted EPS is expected in the range of $4.97-$5.77 per share. The Zacks Consensus Estimate for earnings is pegged at $5.95 per share, which is higher than 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.Other Releases CNX Resources Corporation CNX reported fourth-quarter 2024 operating earnings of 57 cents per share, which beat the Zacks Consensus Estimate of 43 cents by 32.6%.The company reported revenues of $386 million, which missed the Zacks Consensus Estimate of $411 million by 6.2%. However, the top line increased 2.7% from the prior-year quarter’s $376 million.Plains All American Pipeline, L.P. PAA reported fourth-quarter 2024 adjusted earnings of 42 cents per unit, which lagged the Zacks Consensus Estimate of 44 cents by 4.5%.Net sales of $12.4 billion missed the Zacks Consensus Estimate of $12.8 billion by 3.1%. The top line also decreased 2.3% from the year-ago quarter’s figure of $12.7 billion.TotalEnergies SE TTE reported fourth-quarter 2024 operating earnings of $1.90 (€1.78) per share, which surpassed the Zacks Consensus Estimate of $1.87 by 1.6%.Total revenues for the fourth quarter were $47.11 billion, which declined from the year-ago reported figure of $47.26 billion by 0.3%.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 Plains All American Pipeline, L.P. (PAA): Free Stock Analysis Report ONEOK, Inc. (OKE): Free Stock Analysis Report CNX Resources Corporation. (CNX): Free Stock Analysis Report TotalEnergies SE Sponsored ADR (TTE): 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