ONEOK (OKE) Misses Q3 EPS by 1c

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ONEOK Announces Third-quarter 2016 Financial Results

November 1, 2016 4:20 PM EDT

TULSA, Okla., Nov. 1, 2016 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced third-quarter 2016 financial results.

SUMMARY

Third-quarter 2016 net income attributable to ONEOK increased 12 percent and adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) increased 15 percent compared with the third quarter 2015; Third-quarter 2016 dividend coverage ratio was 1.30; and Third-quarter 2016 natural gas volumes processed increased 13 percent and natural gas liquids (NGL) volumes fractionated increased 3 percent, compared with the third quarter 2015.

THIRD-QUARTER AND YEAR-TO-DATE 2016 FINANCIAL... More