ONEOK (OKE) Misses Q2 EPS by 19c

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Go back to ONEOK (OKE) Misses Q2 EPS by 19c

ONEOK Announces Second Quarter 2020 Earnings

July 28, 2020 4:15 PM EDT

TULSA, Okla., July 28, 2020 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced second quarter 2020 financial results and updated its 2020 outlook.

Second Quarter 2020 Results:

Net income of $134.3 million, resulting in 32 cents per diluted share. Adjusted EBITDA of $533.9 million. Operating income of $355.7 million. More than $945 million of cash and cash equivalents as of June 30, 2020.

Updated 2020 Outlook:

Given continued market and industry uncertainty, including recent developments related to crude oil pipeline takeaway in the Williston Basin, ONEOK expects 2020 net income and... More