ONEOK Inc. (OKE) Update from Stifel - Aug 9
Posted: Tue Aug 09, 2022 12:08 pm
ONEOK , Inc. (OKE, $59.21, Buy; Target $75.00) -
OKE: 2Q22 Initial Take – Modest Beat - Selman Akyol
ONEOK, Inc. reported
2Q22 Adjusted EBITDA of $886 million compared to our estimate of $845 million
and consensus of $857 million. The beat was driven by outperformance in G&P.
Previously, OKE declared a dividend per share (DPS) of $0.935, flat with the prior
quarter.
MY TAKE: Rock solid midstream C-Corp with high dividend yield.
OKE: 2Q22 Initial Take – Modest Beat - Selman Akyol
ONEOK, Inc. reported
2Q22 Adjusted EBITDA of $886 million compared to our estimate of $845 million
and consensus of $857 million. The beat was driven by outperformance in G&P.
Previously, OKE declared a dividend per share (DPS) of $0.935, flat with the prior
quarter.
MY TAKE: Rock solid midstream C-Corp with high dividend yield.