ONEOK (OKE) Tops Q2 EPS by 1c

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Go back to ONEOK (OKE) Tops Q2 EPS by 1c

ONEOK Announces Higher Second-quarter 2018 Financial Results and Updates 2018 Financial Guidance

July 31, 2018 4:15 PM EDT

TULSA, Okla., July 31, 2018 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced higher second-quarter 2018 financial results, compared with the second quarter 2017, and updated 2018 financial guidance. Results primarily benefited from natural gas volume growth in the STACK and SCOOP areas and the Williston Basin, natural gas liquids (NGL) volume growth in the STACK and SCOOP areas and Permian Basin, and higher optimization and marketing activities in the natural gas liquids segment.

SUMMARY

Second-quarter 2018 operating income and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 40 and 30 percent, respectively, compared with... More