Oneok Q4 EPS Tops by 4.7% While Revenues Miss by 4.5%
Oneok reported Q4 adjusted EPS of $1.55, beating consensus by 4.7%, while revenues of $9.07 billion missed forecasts by 4.5% despite a 29.5% year-over-year increase. The natural gas pipelines segment delivered $261 million in adjusted EBITDA versus $224 million estimated, partially offsetting misses in NGL throughput and refined products EBITDA.
1. Q4 Financial Results
Oneok posted adjusted EPS of $1.55 for Q4 against a consensus of $1.48, delivering a 4.7% earnings surprise. Revenue reached $9.07 billion, up 29.5% year-over-year but 4.5% below the $9.49 billion forecast.
2. Segment Performance
Natural gas pipelines generated $261 million in adjusted EBITDA versus a $224 million estimate, while natural gas liquids throughput was 1.586 million barrels per day below the 1.651 million forecast. Refined products and crude EBITDA totaled $567 million, missing the $608 million consensus.
3. Market Reaction and Outlook
Shares have risen about 18.8% since the start of the year and 12% over the past month. With a Zacks Rank #4 indicating potential underperformance, investors will focus on management’s commentary and upcoming estimate revisions for guidance.