ONEOK (NYSE:OKE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$5.02b (up 20% from 3Q 2023).

• Net income: US$692.0m (up 53% from 3Q 2023).

• Profit margin: 14% (up from 11% in 3Q 2023).

• EPS: US$1.18 (up from US$0.99 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ONEOK Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 4.2%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for ONEOK you should be aware of, and 1 of them makes us a bit uncomfortable.

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