Credit Suisse Upgrades ONEOK Partners (OKS) to Neutral
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ONEOK Announces First-quarter 2016 Financial Results
May 3, 2016 4:20 PM EDTTULSA, Okla., May 3, 2016 /PRNewswire/ --Â ONEOK, Inc. (NYSE: OKE) today announced first-quarter 2016 financial results.
SUMMARY
First-quarter 2016 dividend coverage ratio of more than 1.3 times; First-quarter 2016 adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) increased nearly 40 percent compared with the first quarter 2015; Earnings per share increased nearly 40 percent compared with the first quarter 2015; The natural gas gathering and processing segment's average fee rate increased to 68 cents in the first quarter 2016, compared with 35 cents in the first quarter 2015 and 55 cents in the fourth quarter 2015; First quarter... More