earnings
confidence high
sentiment positive
materiality 0.80
ONEOK reports Q3 net income $693M ($1.18 EPS), raises 2024 guidance second time
ONEOK INC /NEW/
2024-Q3 EPS reported
$3.60
revenue$14,698,000,000
- Net income $693M vs $454M YoY; diluted EPS $1.18 vs $0.99; adjusted EBITDA $1.55B vs $1.015B.
- Stand-alone 2024 net income midpoint raised to $2.945B (from $2.88B); adjusted EBITDA midpoint to $6.275B (from $6.175B).
- Consolidated 2024 guidance includes EnLink and Medallion: net income midpoint $2.995B, adjusted EBITDA $6.625B.
- Completed $3.3B EnLink acquisition in Oct 2024; $2.6B Medallion acquisition pending; $7B senior notes issued in Sept.
- Quarterly dividend declared at $0.99 per share ($3.96 annualized); no change in stand-alone capex guidance $1.75-1.95B.