Oneok Intrinsic Stock Value – ONEOK Set to Release Second-Quarter 2023 Earnings on August 7

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ONEOK ($NYSE:OKE) Inc. is a diversified energy company that provides natural gas and natural gas liquids through its subsidiaries in the United States. This company is listed on the New York Stock Exchange and is one of the largest energy companies in the United States. They will be releasing their second-quarter 2023 earnings report on August 7, after the closing of the stock market. Investors have been monitoring ONEOK’s performance closely in recent months, and the upcoming earnings announcement will give them insight into the company’s future prospects. Analysts are expecting strong results from ONEOK due to higher natural gas prices and increased production from their existing operations.

They are also interested in seeing what new projects are being planned for the rest of 2023 and beyond. This earnings report could potentially lead to a significant surge or dip in ONEOK’s stock price, so investors should keep an eye out for any changes in the company’s overall outlook. With the second-quarter earnings announcement set to be released on August 7, it won’t be long until investors can see how ONEOK fared during this period.

Earnings

ONEOK Inc. is set to release its second-quarter 2023 earnings on August 7. The report will be a culmination of the first fiscal quarter of 2021, which ended on March 31. According to its earnings report, ONEOK earned 3194.68M USD in total revenue and 386.18M USD in net income for the quarter.

Compared to the same period of the previous year, this marks a 41.3% decrease in total revenue and a 1.3% decrease in net income. Despite the Q1 decrease, in the past three years ONEOK’s total revenue has seen an overall increase, reaching 4521.0M USD.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Oneok. ONEOK_Set_to_Release_Second-Quarter_2023_Earnings_on_August_7″>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Oneok. ONEOK_Set_to_Release_Second-Quarter_2023_Earnings_on_August_7″>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Oneok. ONEOK_Set_to_Release_Second-Quarter_2023_Earnings_on_August_7″>More…

Key Ratios Snapshot

Some of the financial key ratios for Oneok are shown below. ONEOK_Set_to_Release_Second-Quarter_2023_Earnings_on_August_7″>More…

Market Price

This news came as the stock opened at $66.2 and closed at $65.2, down by 1.1% from prior closing price of 66.0. Analysts noted that despite this minor decline in the stock price, it is expected that ONEOK will be able to report solid performance in the upcoming quarter. Investors are eagerly awaiting the earnings announcement as they look to gauge the financial health of the company and determine its prospects for future success. Live Quote…

Analysis – Oneok Intrinsic Stock Value

GoodWhale recently analyzed the financials of ONEOK. Our proprietary Valuation Line revealed that the fair value of ONEOK shares is around $74.2. However, the current market price of ONEOK stock stands at $65.2, indicating a 12.2% undervaluation. Therefore, investors can take advantage of this opportunity and buy ONEOK shares at a discounted rate. The company’s strong fundamentals and potential for future growth make it an attractive long-term investment opportunity. More…

Peers

ONEOK Inc is a company that operates in the energy sector. The company is involved in the gathering, processing, storage, and transportation of natural gas and natural gas liquids. The company has operations in the United States, Canada, and Mexico. The company’s competitors include Kinder Morgan Inc, Energy Transfer LP, Enterprise Products Partners LP.

– Kinder Morgan Inc ($NYSE:KMI)

Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. It owns or operates an extensive network of pipelines and terminals that transport petroleum products, natural gas, and other products. The company also owns and operates a fleet of liquefied natural gas (LNG) carriers. Kinder Morgan has a market capitalization of $40.72 billion as of 2022 and a return on equity of 7.82%. The company is headquartered in Houston, Texas.

– Energy Transfer LP ($NYSE:ET)

Energy Transfer LP is a publicly traded partnerships that owns and operates energy infrastructure assets in the United States. The company’s assets include natural gas pipelines, natural gas gathering and processing facilities, and crude oil pipelines. Energy Transfer LP is headquartered in Dallas, Texas.

– Enterprise Products Partners LP ($NYSE:EPD)

Enterprise Products Partners LP is a publicly traded partnership that owns and operates a diversified portfolio of energy assets. The company has a market cap of 54.94B and a ROE of 15.44%. The company’s operations are focused on natural gas, crude oil, and NGL (natural gas liquids) transportation, storage, and processing. The company also owns and operates a network of natural gas pipelines and gathering systems, as well as crude oil and NGL terminals and storage facilities.

Summary

Investors are closely watching ONEOK Inc. as the company is set to announce its second-quarter 2023 earnings on August 7. Many analysts are predicting that ONEOK will post strong financials, bolstered by their ongoing capital improvements and expansion efforts. ONEOK has remained committed to maintaining a rock-solid financial foundation and a healthy balance sheet, even while continuing to invest in its business. As such, investors can expect to see a solid quarter from the energy company, with further growth potential for the future.

ONEOK has a track record of efficiently utilizing its resources, allowing them to offer competitive returns for shareholders, and analysts are expecting this trend to continue. With yields that are higher than the industry average, this could be an attractive opportunity for investors looking for long-term returns.