ONEOK’s 30.76% Volume Surge to $350M Propels 433rd Rank Amid Divergent Earnings Outlook

On July 31, 2025, ONEOK (OKE) traded with a volume of $350 million, marking a 30.76% surge from the previous day, ranking 433rd in trading activity. The stock closed down 0.10%, reflecting mixed investor sentiment ahead of its upcoming earnings report.

Analysts anticipate Q2 earnings per share of $1.34 for ONEOK, signaling a 0.8% year-over-year increase, alongside projected revenues of $8.56 billion, a 75% rise. However, revised estimates over the past 30 days show a 0.2% downward adjustment, indicating cautious investor expectations. Key revenue segments like natural gas gathering and processing are forecast to grow 62.4% to $1.37 billion, while natural gas liquids revenue is expected to decline 13.3% to $3.06 billion. Adjusted EBITDA for natural gas pipelines is projected to dip 4.2% to $145.59 million, contrasting with a 45.5% rise in gathering and processing EBITDA to $538.82 million. These mixed metrics highlight sectoral shifts and operational challenges.

The stock’s recent performance aligns with broader market trends, as ONEOK’s 0.1% gain over the past month lags the S&P 500’s 2.7% rise. Institutional investors remain active, with recent filings showing increased holdings by entities like Charles Schwab and Aventail Capital. Meanwhile, the pending merger with Magellan Midstream Partners, approved by shareholders, could reshape the company’s operational scale and cost structure, though execution risks persist.

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