I just reviewed the Q1 results for Oneok (OKE), and there are some interesting numbers there. The company reported revenues of $9.07 billion, a 29.5% jump compared to the previous year, although it fell slightly short of analyst expectations. What did surprise was the earnings per share of $1.55, which exceeded projections.



The interesting thing is that while some segments like refined products and crude oil exploded (growth of 146%), others like natural gas liquids fell 12.1%. Raw material flow also came in below estimates. In summary, OKE had a mixed performance: some businesses did well, others not so much.

In the market, Oneok's shares rose 7% over the last month, which isn't bad considering the S&P 500 declined. Zacks' rating is Hold (Rank #3), so for now, it seems the stock will follow the overall market trend. Nothing spectacular, but also nothing to worry about.
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