These are top 10 stocks traded on the Robinhood UK platform in July
Investing.com -- ONEOK , Inc. (NYSE:OKE) reported first quarter 2025 results that missed earnings estimates but showed strong volume growth in key regions. The company’s shares slipped 4.2% following the announcement.
The Tulsa-based energy company posted adjusted earnings per share of $1.04 for the quarter, falling short of analyst expectations of $1.29. However, ONEOK saw net income rise to $691 million, up from $639 million in the same quarter last year.
Revenue figures were not provided in the earnings release. The company highlighted a 15% increase in Rocky Mountain region NGL raw feed throughput volumes and a 7% rise in natural gas volumes processed in the same region compared to Q1 2024.
"ONEOK’s solid first quarter results highlight the strength of our integrated system, disciplined growth strategy and dedicated employees," said Pierce H. Norton II, ONEOK president and chief executive officer. "Higher YoY volumes in the Rocky Mountain region, along with contributions from recent strategic acquisitions and growth initiatives, drove performance during the quarter."
The company’s adjusted EBITDA grew to $1.78 billion, up from $1.44 billion in Q1 2024. This figure includes $31 million of transaction costs, primarily related to the EnLink acquisition completed on January 31, 2025.
ONEOK affirmed its full-year 2025 financial guidance, suggesting confidence in its outlook despite the earnings miss. The company also declared a quarterly dividend of $1.03 per share in April 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.