ONEOK Inc. (NYSE:OKE) Earnings Preview: Key Insights into the Upcoming Report

Font: Financial Modeling Prep  • Oct 27, 2025

• ONEOK Inc. (NYSE:OKE) is expected to report a significant increase in earnings per share (EPS) and revenue for the third quarter of 2025.
• The company's strategic acquisition of an additional stake in the BridgeTex Pipeline Company is anticipated to drive cost efficiencies and enhance profitability.
• Analysts have revised the consensus earnings per share estimate upwards by 1% over the past 30 days, reflecting a positive outlook on the company's performance.

ONEOK Inc. (NYSE:OKE), a prominent player in the energy sector, primarily involved in the gathering, processing, storage, and transportation of natural gas, is set to release its third-quarter 2025 earnings on October 28, after the market closes. Wall Street estimates the earnings per share (EPS) to be $1.46, with projected revenue of approximately $8.54 billion.

The company's earnings per share are estimated at $1.45, marking a 22.9% increase compared to the previous year. This growth is likely driven by new pipeline projects and an increased stake in the BridgeTex Pipeline Company. ONEOK expanded its ownership by acquiring an additional 30% in July 2025, bringing its total ownership to 60%. This strategic move is expected to have enhanced cost efficiencies and synergies, bolstering the company's profitability.

Despite these positive developments, higher depreciation costs may have offset some of the gains from increased gas volumes and tariffs. Analysts on Wall Street are projecting that ONEOK will report quarterly earnings of $1.45 per share in its upcoming report, marking a significant increase of 22.9% compared to the previous year. Additionally, revenues are expected to reach $9.42 billion, an impressive 87.5% increase from the same quarter last year.

Over the past 30 days, there has been a 1% upward revision in the consensus earnings per share estimate for the quarter. This revision indicates that analysts have collectively reassessed their initial projections. Such changes in earnings estimates are crucial as they can influence investor reactions and are often correlated with the short-term price performance of a stock.

OKE has a price-to-earnings (P/E) ratio of approximately 13.91, indicating the market's valuation of the company's earnings. The price-to-sales ratio stands at about 1.55, suggesting how much investors are willing to pay per dollar of sales. The enterprise value to sales ratio is around 2.70, reflecting the company's total valuation relative to its sales. The debt-to-equity ratio is approximately 1.49, highlighting the company's financial leverage.