ONEOK: Q4 Earnings Insights

ONEOK OKE reported its Q4 earnings results on Monday, February 28, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

ONEOK missed estimated earnings by 4.49%, reporting an EPS of $0.85 versus an estimate of $0.89.

Revenue was up $2.85 billion from the same period last year.

Last quarter the company beat on EPS by $0.06 which was followed by a 0.23% drop in the share price the next day.

Here's a look at ONEOK's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.82	0.75	0.76	0.73
EPS Actual	0.88	0.77	0.86	0.69
Revenue Estimate	3.72B	2.98B	2.78B	2.61B
Revenue Actual	4.54B	3.39B	3.19B	2.57B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

ONEOK management provided guidance for their next quarter, expecting earnings between $3.45 and $4.07 per share for the next quarter.

This represents a 342.35% in quarter-over-quarter growth for ONEOK, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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