Overview
ONEOK Q3 net income rises to $940 mln, adjusted EBITDA beats analyst expectations
Adjusted EPS for Q3 beats consensus, driven by acquisition integration and volume growth
Company repurchased 611,237 shares for $45 mln under $2 bln share buyback program
Outlook
ONEOK affirms 2025 net income and adjusted EBITDA guidance ranges
In August company announced plans to construct Bighorn plant, enhancing future capacity
Result Drivers
VOLUME GROWTH - 17% increase in Rocky Mountain region NGL raw feed throughput and 6% increase in Mid-Continent region NGL raw feed throughput contributed to results
ACQUISITION INTEGRATION - EnLink and Medallion acquisitions positively impacted adjusted EBITDA across segments
SYNERGY CAPTURE - Synergy capture ahead of expectations, contributing to financial performance
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | Beat | $1.49 | $1.44 (14 Analysts) |
Q3 Net Income | $940 mln | ||
Q3 Adjusted EBITDA | Beat | $2.11 bln | $2.10 bln (17 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas transportation services peer group is "buy"
Wall Street's median 12-month price target for ONEOK Inc is $90.00, about 23% above its October 27 closing price of $69.29
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nPn6nrgRKa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)