ONEOK (OKE) Tops Q1 EPS by 8c

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Go back to ONEOK (OKE) Tops Q1 EPS by 8c

ONEOK Announces 27% Increase in First-quarter 2019 Net Income

April 30, 2019 4:20 PM EDT

TULSA, Okla., April 30, 2019 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced higher first-quarter 2019 financial results and higher natural gas liquids (NGL) and natural gas volumes, compared with the first quarter 2018.

Higher First-quarter 2019 Results, Compared With the First Quarter 2018:

27% increase in net income to $337.2 million, or 81 cents per diluted share. 12% increase in adjusted EBITDA to $637.5 million. 1.43 times dividend coverage ratio. 8% increase in NGL raw feed throughput volumes. 7% increase in natural gas volumes processed.

FIRST-QUARTER 2019 FINANCIAL... More