OKE Earnings Prediction
The chart below shows how OKE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OKE sees a +0.21% change in stock price 10 days leading up to the earnings, and a +3.63% change 10 days following the report. On the earnings day itself, the stock moves by -0.45%. This data can give you a slight idea of what to expect for the next quarter's release.
OKE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.02B
19.91%
2.64%
Gross Margin
34.28%
18.37%
-3.63%
Operating Margin
22.66%
10.11%
-9.76%
Net Margin
13.80%
27.31%
-13.43%
EPS
1.18
19.19%
-11.28%
No Data Available
OKE Earnings Analysis
Oneok, Inc. Corporation (OKE.N) Earnings Conference Call
Positive
Strong Financial Performance: 1. Record Net Income: ONEOK reported a third quarter net income of $693 million, translating to $1.18 per share, showcasing strong financial performance despite transaction expenses.
Adjusted EBITDA Surge: 2. Increased Adjusted EBITDA: The company achieved an adjusted EBITDA of $1.55 billion for Q3 2024, reflecting a year-over-year increase driven by robust performance in the Rocky Mountain region and enhanced transportation services.
Increased EBITDA Guidance: 3. Raised Full-Year Guidance: ONEOK increased its stand-alone 2024 adjusted EBITDA guidance to a midpoint of $6.275 billion, which is $100 million higher than previous guidance, indicating strong operational momentum.
Record Refined Products Volume: 4. Record Refined Products Volumes: The refined products segment achieved a record volume of nearly 1.6 million barrels per day, driven by robust demand during the peak driving season and effective tariff adjustments.
Capital Expenditure Consistency: 5. Strong Capital Expenditure Outlook: The company expects total stand-alone capital expenditures for 2024 to remain consistent at $1.75 billion to $1.95 billion, supporting ongoing growth initiatives without compromising financial stability.
Negative
Ethane Recovery Decline: 1. Declining Ethane Recovery: The Mid-Continent region experienced lower levels of ethane recovery during Q3 2024, attributed to unfavorable natural gas and ethane prices, impacting overall production efficiency.
Operational Disruptions Impact: 2. Operational Disruptions: Planned and unplanned outages in the Rocky Mountain region processing volumes negatively affected production, with disruptions caused by wildfires in North Dakota leading to a week of shut-ins and power outages.
High Capital Expenditures Outlook: 3. Increased Capital Expenditures: ONEOK's total stand-alone capital expenditures for 2024 are projected to remain high at $1.75 billion to $1.95 billion, indicating ongoing financial strain without accounting for EnLink or Medallion capital expenditures.
Transaction Expenses Effect: 4. Transaction Expenses Impacting Net Income: The third quarter net income of $693 million included $0.04 per share of transaction expenses, highlighting the financial burden associated with ongoing acquisitions and integrations.
Bakken Production Decline: 5. Lower Bakken Production Volumes: Recent basin-level data indicates a decline in crude volumes in the Bakken region, contradicting ONEOK's expectations for growth and suggesting potential challenges in maintaining production levels.
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OKE Earning Call Sentiment
ONEOK, Inc. (OKE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
OKE.N
-3.9%Positive
The earnings call summary presents strong financial performance with increased income, EPS, and EBITDA. The guidance for 2024 and 2025 is optimistic, with synergies from acquisitions and robust asset positioning. The Q&A section reveals positive sentiment from analysts, though some uncertainty remains regarding specific growth projects and 2025 EBITDA assumptions. Overall, the positive financial results, record volumes, and strategic expansions suggest a positive stock price movement in the short term.