Oneok (OKE) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2025, Oneok Inc. (OKE) reported revenue of $9.07 billion, up 29.5% over the same period last year. EPS came in at $1.55, compared to $1.57 in the year-ago quarter.
The reported revenue represents a surprise of -4.5% over the Zacks Consensus Estimate of $9.49 billion. With the consensus EPS estimate being $1.48, the EPS surprise was +4.73%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Oneok performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Raw feed throughput - Natural Gas Liquids: 1,586.00 MBBL/d versus 1,650.68 MBBL/d estimated by two analysts on average. Revenues- Natural Gas Gathering and processing: $1.8 billion versus $1.46 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1.6% change. Revenues- Natural Gas Pipelines: $527 million versus $355.94 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +73.9% change. Revenues- Refined Products & Crude: $4.03 billion versus the two-analyst average estimate of $2.29 billion. The reported number represents a year-over-year change of +146.1%. Revenues- Natural gas liquids: $3.98 billion versus $2.47 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -12.1% change. Adjusted EBITDA- Natural Gas Liquids: $723 million versus $781.79 million estimated by two analysts on average. Adjusted EBITDA- Refined Products & Crude: $567 million versus the two-analyst average estimate of $608.12 million. Adjusted EBITDA- Natural Gas Pipelines: $261 million compared to the $224.21 million average estimate based on two analysts. Adjusted EBITDA- Natural Gas Gathering and Processing: $541 million versus $574.43 million estimated by two analysts on average.View all Key Company Metrics for Oneok here>>>
Shares of Oneok have returned +7% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"
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ONEOK, Inc. (OKE): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
