Yahoo Finance ONEOK Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
ONEOK (NYSE:OKE) Second Quarter 2024 Results
Key Financial Results
Revenue: US$4.89b (up 31% from 2Q 2023).
Net income: US$780.0m (up 67% from 2Q 2023).
Profit margin: 16% (up from 13% in 2Q 2023).
EPS: US$1.33 (up from US$1.04 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ONEOK EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 20%. Earnings per share (EPS) exceeded analyst estimates by 10%.
Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 4 warning signs for ONEOK you should know about.
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