ONEOK (OKE) Tops Q3 EPS by 4c; 'Increased 2018 Financial Guidance'

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Go back to ONEOK (OKE) Tops Q3 EPS by 4c; 'Increased 2018 Financial Guidance'

ONEOK Announces 40 Percent Increase in Third-quarter 2018 Operating Income; Increases 2018 Financial Guidance

October 30, 2018 4:15 PM EDT

TULSA, Okla., Oct. 30, 2018 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced higher third-quarter 2018 financial results, compared with the third quarter 2017, and increased 2018 financial guidance.

Higher Third Quarter 2018 Results, Compared With the Third Quarter 2017:

40 percent increase in operating income to $495.5 million. 26 percent increase in adjusted EBITDA to $650.2 million. 1.39 times dividend coverage ratio in the third quarter 2018. 18 percent increase in natural gas liquids (NGL) volumes gathered. 15 percent increase in natural gas volumes processed.

ONEOK Increases 2018 Financial Guidance:

Net income guidance midpoint... More