ONEOK, Inc. (OKE) Tops Q4 EPS by 8c; Trims FY13 Profit Outlook
Tweet Send to a FriendGet Alerts OKE Hot Sheet
Price: $49.43 +0.18%
Financial Fact:
Operating income: 273.85M
Today's EPS Names:
DSX, REDF, REX, More
Financial Fact:
Operating income: 273.85M
Today's EPS Names:
DSX, REDF, REX, More
Trade OKE Now!
ONEOK, Inc. (NYSE: OKE) reported Q4 EPS of $0.53, $0.08 better than the analyst estimate of $0.45.
ONEOK reduced its 2013 net income guidance range to $350 million to $400 million, compared with the previous guidance range of $405 million to $455 million announced on Sept. 24, 2012. The updated guidance reflects lower expected earnings in the ONEOK Partners (NYSE: OKS) segment.
Half of the reduction in 2013 operating income and equity earnings guidance is due to lower expected natural gas liquids (NGL) volumes as a result of widespread and prolonged ethane rejection. Narrower expected NGL location price differentials and lower expected NGL prices, particularly ethane and propane, also are expected to affect the partnership's 2013 earnings.
For earnings history and earnings-related data on ONEOK, Inc. (OKE) click here.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
ONEOK reduced its 2013 net income guidance range to $350 million to $400 million, compared with the previous guidance range of $405 million to $455 million announced on Sept. 24, 2012. The updated guidance reflects lower expected earnings in the ONEOK Partners (NYSE: OKS) segment.
Half of the reduction in 2013 operating income and equity earnings guidance is due to lower expected natural gas liquids (NGL) volumes as a result of widespread and prolonged ethane rejection. Narrower expected NGL location price differentials and lower expected NGL prices, particularly ethane and propane, also are expected to affect the partnership's 2013 earnings.
For earnings history and earnings-related data on ONEOK, Inc. (OKE) click here.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
- China Digital TV Holding Co. (STV) Improves Q1 EPS to 13c
- Dick's Sporting Goods, Inc. (DKS) Reports In-Line Q1 EPS; Guides Q2 EPS, Comps
Create E-mail Alert Related Categories
Earnings, Guidance, Hot GuidanceRelated Entities
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
