Oneok Inc. (OKE) Earnings Expected to Grow: Should You Buy?

Oneok Inc. (OKE) is anticipated to report a year-over-year increase in earnings and revenue for the quarter ended June 2025, with consensus estimates projecting $1.39 EPS (+4.5% YoY) and $8.56 billion in revenue (+75% YoY). Analyst consensus EPS estimates have been revised 1.6% higher over the past 30 days. Combining a positive Zacks Earnings ESP of +1.50% and a Zacks Rank #3, the company is highly likely to surpass consensus EPS expectations in its upcoming August 4 report, suggesting a potential positive stock reaction.

Analysis

Oneok Inc. is positioned for a probable earnings beat in its upcoming quarterly report for June 2025, driven by strong top-line projections and positive analyst sentiment. The consensus estimate anticipates a 4.5% year-over-year increase in EPS to $1.39, supported by a substantial 75% surge in revenues to $8.56 billion. Leading indicators reinforce this outlook; the consensus EPS estimate has been revised upward by 1.6% in the last 30 days, and the Zacks Earnings ESP is a positive 1.50%. This combination, along with a Zacks Rank of #3 (Hold), suggests a high statistical likelihood of surpassing the consensus EPS, as this setup has historically led to a positive surprise nearly 70% of the time. However, this optimism should be tempered by the company's recent performance, which includes a significant earnings miss of -15.45% in the last reported quarter and a record of beating consensus EPS in only two of the last four quarters. The sustainability of the stock's reaction will therefore depend heavily on management's forward-looking guidance during the August 4 earnings call.

Key Decisions for Investors

• Given the positive Earnings ESP of +1.50% and upward estimate revisions, investors may consider positioning for a potential earnings beat ahead of the August 4th report.
• It is crucial to look beyond the headline numbers and scrutinize management's commentary on the sustainability of the forecasted 75% revenue growth and any catalysts for future performance.
• Investors should remain cautious, weighing the strong quantitative indicators against the company's inconsistent history of earnings surprises, particularly the significant -15.45% miss in the prior quarter.