Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>ONEOK, a midstream service provider in the natural gas industry, revealed substantial financial growth in its first-quarter 2024 earnings call.</li><li>The company reported healthy year-over-year volume growth in the Rocky Mountain region and meaningful contributions from the Refined Products and Crude segment.</li><li>ONEOK’s satisfactory performance in Q1 2024 was driven by favourable industrial fundamentals and the realization of commercial and cost synergies - increasing its full-year financial guidance for 2024.</li></ul>

ONEOK, a midstream service provider in the natural gas industry, revealed substantial financial growth in its first-quarter 2024 earnings call.The company reported healthy year-over-year volume growth in the Rocky Mountain region and meaningful contributions from the Refined Products and Crude segment.ONEOK’s satisfactory performance in Q1 2024 was driven by favourable industrial fundamentals and the realization of commercial and cost synergies - increasing its full-year financial guidance for 2024.

<ul><li>ONEOK has shown robust fiscal growth for the Q4 2023 and annually.</li><li>The firm reported net income of $2.7 billion annually and $688 million for the last quarter of 2023.</li><li>It conceded double digit growth in natural gas processing volume.</li></ul>

ONEOK has shown robust fiscal growth for the Q4 2023 and annually.The firm reported net income of $2.7 billion annually and $688 million for the last quarter of 2023.It conceded double digit growth in natural gas processing volume.

ONEOK Inc: Increased Demand For NGL & 5 Factors Driving Its Performance In 2024 & Beyond! - Financial Forecasts

<ul><li>ONEOK delivered a mixed set of results for the previous quarter, with revenues above analyst expectations but below-par earnings.</li><li>In the third quarter of 2023, ONEOK reported a net income of $454 million.</li><li>Moreover, the consolidated financial guidance for 2023, including the impacts of the Magellan acquisition, projects a net income midpoint of $2.6 billion and adjusted EBITDA midpoint of $5.1 billion.</li></ul>

ONEOK delivered a mixed set of results for the previous quarter, with revenues above analyst expectations but below-par earnings.In the third quarter of 2023, ONEOK reported a net income of $454 million.Moreover, the consolidated financial guidance for 2023, including the impacts of the Magellan acquisition, projects a net income midpoint of $2.6 billion and adjusted EBITDA midpoint of $5.1 billion.

ONEOK Inc.: Is The Magellan Midstream Partners Acquisition A Major Growth Catalyst? - Major Drivers

<ul><li>This is our first report on natural gas storage and transportation giant, ONEOK Inc.</li><li>The company delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed an earnings beat.</li><li>Additionally, ONEOK initiated work on two natural gas liquids (NGL) pipeline expansion projects, recognizing the economic viability of these endeavors driven by the growth in their existing operations.</li></ul>

This is our first report on natural gas storage and transportation giant, ONEOK Inc.The company delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed an earnings beat.Additionally, ONEOK initiated work on two natural gas liquids (NGL) pipeline expansion projects, recognizing the economic viability of these endeavors driven by the growth in their existing operations.

ONEOK Inc.: Initiation of Coverage – Business Strategy

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Thematic (Sector/Industry)

<p>Morningstar and PitchBook hosted the 10th annual Management Behind the Moat Conference in Chicago on Nov. 7 and 8, offering our institutional clients an opportunity to engage with the management of 49 public companies we think have structural competitive advantages, or economic moats, as well as two private companies worth watching. This report distills the highlights from company presentations. A roster of all companies that participated in the conference, including those that held one-on-one meetings with investors, can be found on Page 2 of the attached document.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/069/790/original/img%201.JPG?1542165661" class="editor-image img-responsive" data-smartkarma-image-id="69790"></figure>

Morningstar and PitchBook hosted the 10th annual Management Behind the Moat Conference in Chicago on Nov. 7 and 8, offering our institutional clients an opportunity to engage with the management of 49 public companies we think have structural competitive advantages, or economic moats, as well as two private companies worth watching. This report distills the highlights from company presentations. A roster of all companies that participated in the conference, including those that held one-on-one meetings with investors, can be found on Page 2 of the attached document.

Morningstar Management Behind the Moat 2018: Conference Highlights

United States

ONEOK, Inc. is a diversified energy company. The Company is involved in the natural gas and natural gas liquids business across the United States.

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Oneok Inc (OKE US)

ONEOK Inc.: Expansion of Data Centers

ONEOK, a midstream service provider in the natural gas industry, revealed substantial financial growth in its first-quarter 2024 earnings...

Baptista Research

ONEOK Inc: Increased Demand For NGL & 5 Factors Driving Its Performance In 2024 & Beyond! - Financial Forecasts

ONEOK has shown robust fiscal growth for the Q4 2023 and annually. The firm reported net income of $2.7 billion annually and $688 million for the...

Baptista Research

ONEOK Inc.: Is The Magellan Midstream Partners Acquisition A Major Growth Catalyst? - Major Drivers

ONEOK delivered a mixed set of results for the previous quarter, with revenues above analyst expectations but below-par earnings. In the third...

Baptista Research

ONEOK Inc.: Initiation of Coverage – Business Strategy

This is our first report on natural gas storage and transportation giant, ONEOK Inc. The company delivered a mixed set of results for the previous...

Baptista Research

Morningstar Management Behind the Moat 2018: Conference Highlights

Morningstar and PitchBook hosted the 10th annual Management Behind the Moat Conference in Chicago on Nov. 7 and 8, offering our institutional...

Morningstar, Inc.

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