Zacks Investment Research
28 Oct 2026, 16:46 UTC · 1h ago
OKE Q3 Earnings Surpass Estimates on Higher Volumes & Marketing Gains
Impact · against what's priced in
ONEOK's Q3 results challenge the market's assumption that recent revenue growth will sharply decelerate, as the company delivered a 44.3% year-over-year revenue increase. While the beat is significant, the impact is moderated by rising maintenance expenses and a one-time tax benefit contributing to the earnings surprise.
- OKE+0.40
Challenges what's priced in
- The price assumes
Sustained revenue growth above the 13.7% required CAGR
The market currently assumes a deceleration to a 13.7% CAGR; however, Q3 operating revenues grew 44.3% year-over-year to $12.46 billion, suggesting growth is remaining well above the price's implied requirements.
What OKE's price assumes · Sep 24
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