ONEOK (OKE) Misses Q1 EPS by 2c

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Go back to ONEOK (OKE) Misses Q1 EPS by 2c

ONEOK Announces Higher First-quarter 2017 Financial Results

May 2, 2017 4:20 PM EDT

TULSA, Okla., May 2, 2017 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced first-quarter 2017 financial results.

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... More