ONEOK, Inc. (OKE), headquartered in Tulsa, Oklahoma, engages in the gathering, processing, fractionation, storage, transportation, and marketing of natural gas, natural gas liquids (NGL), refined products, and crude oil assets. Valued at $47.95 billion by market cap, the company connects key energy supply and demand centers through its more than 50,000-mile pipeline network, which includes one of the nation’s premier NGL systems and longest refined products system. It also owns strategic gathering, processing, fractionation, and storage assets. The leading energy infrastructure company is expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Monday, Aug. 5.
Ahead of the event, analysts expect OKE to report a profit of $1.18 per share on a diluted basis, up 13.5% from $1.04 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing on two other occasions. During the previous quarter, OKE authorized a $2 billion share repurchase program.
