ONEOK (OKE) Tops Q3 EPS by 4c; 'Increased 2018 Financial Guidance'

ONEOK (NYSE: OKE) reported Q3 EPS of $0.75, $0.04 better than the analyst estimate of $0.71.

"Sustained NGL and natural gas volume growth across our assets continues to result in high-quality earnings growth," said Terry K. Spencer, ONEOK president and chief executive officer. "Higher volumes in the Williston Basin and the STACK and SCOOP areas, combined with favorable optimization and marketing activities have resulted in another increase to our 2018 financial guidance.

"With more than $6 billion of capital-growth projects announced at attractive returns and producer activity remaining strong, our focus remains on serving our customers and completing these projects on time and on budget," Spencer added.

GUIDANCE

• Net income guidance midpoint increases 9 percent to $1,180 million from $1,085 million.
• Adjusted EBITDA guidance midpoint increases 5 percent to $2,470 million from $2,350 million.
• Natural gas liquids segment adjusted EBITDA guidance midpoint increases 11 percent to $1,510 million from $1,365 million.

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

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