The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ONEOK Partners whiffed on revenues and beat expectations on earnings per share.
Compared with the prior-year quarter, revenue grew significantly and GAAP earnings per share grew significantly.
Margins grew across the board.
ONEOK Partners notched revenue of $3.14 billion. The five analysts polled by S&P Capital IQ expected revenue of $3.81 billion on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $2.35 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.26. The nine earnings estimates compiled by S&P Capital IQ anticipated $1.17 per share. GAAP EPS of $1.26 for Q4 were 133% higher 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.
For the quarter, gross margin was 15.8%, 260 basis points better than the prior-year quarter. Operating margin was 10.1%, 340 basis points better than the prior-year quarter. Net margin was 9.5%, 340 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $3.32 billion. On the bottom line, the average EPS estimate is $0.85.
Next year's average estimate for revenue is $12.04 billion. The average EPS estimate is $2.98.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 614 members out of 627 rating the stock outperform, and 13 members rating it underperform. Among 242 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 239 give ONEOK Partners a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ONEOK Partners is hold, with an average price target of $52.32.
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