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 Q2 Earnings Meet Estimates, Revenues Rise Year Over Year
Read MoreHide Full Article
Key Takeaways
{\"0\":\"OKE\'s Q2 EPS of $1.34 met estimates, while revenues rose 61.2% year over year to $7.89 billion.\",\"1\":\"Adjusted EBITDA climbed 22% to $1.98B, supported by a 139.6% jump in natural gas processing.\",\"2\":\"OKE narrowed 2025 net income guidance but reaffirmed its adjusted EBITDA outlook of $8-$8.45 billion.\"}
ONEOK Inc. (OKE - Free Report) 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 Revenues
Operating 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.
Adjusted 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 Highlights
As 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 Guidance
ONEOK 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.
Energy Transfer (ET - Free Report) 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 - Free Report) 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 - Free Report) 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%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ONEOK Q2 Earnings Meet Estimates, Revenues Rise Year Over Year
Key Takeaways
ONEOK Inc. (OKE - Free Report) 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 Revenues
Operating 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. Quote
Highlights of OKE’s Earnings Release
Adjusted 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 Highlights
As 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 Guidance
ONEOK 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 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 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 - Free Report) 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 - Free Report) 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%.