ONEOK (NYSE: OKE) reported earnings on Feb. 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ONEOK beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped. GAAP earnings per share dropped.

Gross margins dropped, operating margins dropped, net margins grew.

Revenue details
ONEOK reported revenue of $3.66 billion. The five analysts polled by S&P Capital IQ hoped for revenue of $3.31 billion on the same basis. GAAP reported sales were 10% lower than the prior-year quarter's $4.07 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.53. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.46 per share. GAAP EPS of $0.53 for Q4 were 1.9% lower than the prior-year quarter's $0.54 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 11.0%, 30 basis points worse than the prior-year quarter. Operating margin was 8.0%, 100 basis points worse than the prior-year quarter. Net margin was 3.0%, 20 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.99 billion. On the bottom line, the average EPS estimate is $0.65.

Next year's average estimate for revenue is $14.89 billion. The average EPS estimate is $1.97.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 413 members out of 428 rating the stock outperform, and 15 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 151 give ONEOK a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ONEOK is outperform, with an average price target of $53.10.

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