ONEOK Partners (OKS) Misses Q1 EPS by 18c; Reaffirms 2017 Guidance

ONEOK Partners (NYSE: OKS) reported Q1 EPS of $0.41, $0.18 worse than the analyst estimate of $0.59.

SUMMARY

• First-quarter 2017 net income attributable to ONEOK and adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) increased 5 and 4 percent, respectively, compared with the first quarter 2016;
• First-quarter 2017 dividend coverage ratio was 1.27;
• The natural gas gathering and processing segment\'s average fee rate increased to 83 cents in the first quarter 2017, compared with 68 cents in the first quarter 2016;
• The natural gas liquids segment connected three new third-party natural gas processing plants to its natural gas liquids (NGL) system in the first quarter 2017; and
• ONEOK reaffirms 2017 financial guidance.

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

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