ONEOK Partners L.P. (OKS) Tops Q1 EPS by 12c

May 1, 2012 4:42 PM EDT
ONEOK Partners L.P. (NYSE: OKS) reported Q1 EPS of $0.91, $0.12 better than the analyst estimate of $0.79.

ONEOK declaring a quarterly dividend of 61 cents per share, unchanged from the previous quarter, payable on May 15, 2012, to shareholders of record at the close of business April 30, 2012.

ONEOK reaffirmed its 2012 net income guidance range of $360 million to $410 million, provided on Feb. 20, 2012.

2012 earnings guidance for ONEOK includes a projected dividend increase of 5 cents per share in July 2012, subject to ONEOK board approval. ONEOK's 2012 earnings guidance also includes a projected 2.5-cent-per-unit-per-quarter increase in unitholder distributions from ONEOK Partners, subject to ONEOK Partners board approval.

For earnings history and earnings-related data on ONEOK Partners L.P. (OKS) click here.

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