Valued at $51.2 billion by market cap, Tulsa, Oklahoma-based ONEOK, Inc. (OKE) operates as a leading midstream energy company focused on processing, transportation, and storage of crude, natural gas, and natural gas liquids. The company plays a crucial role in connecting oil & gas producers with end markets across North America.
The midstream giant is set to release its second-quarter results after the markets close on Monday, Aug. 4. Ahead of the event, analysts expect OKE to report an adjusted EPS of $1.36, marking a 2.3% increase from $1.33 reported in the year-ago quarter. While the company has surpassed Street’s bottom-line estimates twice over the past four quarters, it has missed the projections on two other occasions.
