ONEOK (OKE) Reports In-Line Q4 EPS; Provides FY20 EPS Mid-Point Guidance Below Consensus

ONEOK (NYSE: OKE) reported Q4 EPS of $0.77, in-line with the analyst estimate of $0.77.

"2019 was another successful year for ONEOK with volume growth driving strong results across our business segments," said Terry K. Spencer, ONEOK president and chief executive officer. "With the completions of the Elk Creek Pipeline and the Demicks Lake I and II plants, we continue to demonstrate our ongoing commitment to expanding our existing infrastructure to help our producer customers reduce natural gas flaring in the Williston Basin.

"As we look ahead, we expect these recently completed projects and our remaining announced projects to drive significant adjusted EBITDA growth of 25% in 2020, with an outlook of approximately 20% adjusted EBITDA growth in 2021. This growth program is providing needed pipeline, processing and fractionation services to our customers from the Williston and Permian basins and the Mid-Continent region to the Texas Gulf Coast, growing our fee-based earnings for years to come," added Spencer.

GUIDANCE:

ONEOK sees FY2020 EPS of $3.25-$3.85, versus the consensus of $3.85.

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

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