ONEOK Inc
OKE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$74.00 | Csjgjs | Dbpgmlgxq |
Oneok Earnings: Strong Results and 2024 Guidance Boosted by Magellan Synergies and Volumes
Oneok’s first-quarter results were solid, in our view. We expect to increase our fair value estimate to $73 from $70 per share, as we incorporate slightly higher volumes into our model. Our narrow moat rating remains unchanged. Oneok boosted 2024 EBITDA guidance $75 million to a midpoint of $6.2 billion, slightly above our $6.1 billion forecast.