Oneok 2025 Q1 Earnings Mixed Results as Net Income Grows 8.1%

Oneok reported its fiscal 2025 Q1 earnings on Apr 29th, 2025. Oneok's financial performance in Q1 2025 showed mixed results. The company exceeded expectations with an 8.1% increase in net income, reaching $691 million, driven by higher volumes and strategic acquisitions. However, earnings per share (EPS) slightly missed targets, declining by 4.6% to $1.04. Guidance remains in line with previous forecasts, reflecting a steady outlook for continued growth and shareholder value through acquisition synergies and organic projects.

Revenue

The total revenue of Oneok increased by 68.2% to $8.04 billion in 2025 Q1, up from $4.78 billion in 2024 Q1.

Earnings/Net Income

Oneok's EPS declined 4.6% to $1.04 in 2025 Q1 from $1.09 in 2024 Q1. Meanwhile, the company's profitability strengthened with net income of $691 million in 2025 Q1, marking 8.1% growth from $639 million in 2024 Q1. The EPS decline suggests challenges in maintaining earnings per share despite overall net income growth.

Price Action

The stock price of Oneok has edged up 0.85% during the latest trading day, has climbed 4.53% during the most recent full trading week, and has tumbled 10.96% month-to-date.

Post-Earnings Price Action Review

Following Oneok's earnings report, the stock exhibited positive trends across various time frames. The analysis indicates a 3-Day win rate of 57.26%, a 10-Day win rate of 57.58%, and a 30-Day win rate of 63.48%, showcasing consistent potential for gains. The maximum return recorded following an earnings report over the next 30 days was 9.44%, with the peak return observed on day 79. These findings suggest that investors might find opportunities for short-to-medium-term gains in Oneok's stock price post-earnings, as the metrics consistently indicate favorable outcomes in the aftermath of earnings announcements.

CEO Commentary

"ONEOK’s solid first quarter results highlight the strength of our integrated system, disciplined growth strategy and dedicated employees," said Pierce H. Norton II, ONEOK President and Chief Executive Officer. "Higher year-over-year volumes in the Rocky Mountain region, along with contributions from recent strategic acquisitions and growth initiatives, drove performance during the quarter. We expect continued execution on acquisition-related synergies, the completion of organic growth projects, and the demand for our services to support growth throughout 2025, creating additional shareholder value."

Guidance

"We expect continued execution on acquisition-related synergies and the completion of organic growth projects to support growth throughout 2025," indicating a positive outlook for demand for services and shareholder value creation.

Additional News

On January 31, 2025, ONEOK successfully completed the acquisition of EnLink Midstream, a strategic move to enhance its operations and expand its footprint in the energy sector. This acquisition is anticipated to bring significant synergies and operational efficiencies, further strengthening ONEOK’s market position. In March 2025, ONEOK repurchased 190,000 shares of common stock for $17.4 million, part of its ongoing $2 billion share repurchase program aimed at returning value to shareholders. Additionally, the company declared a quarterly dividend of $1.03 per share in April 2025, maintaining its commitment to providing consistent shareholder returns.