ONEOK (OKE) Tops Q3 EPS by 12c

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Go back to ONEOK (OKE) Tops Q3 EPS by 12c

ONEOK Announces 14% Year-Over-Year Increase in Third Quarter 2020 Operating Income

October 27, 2020 4:15 PM EDT

TULSA, Okla., Oct. 27, 2020 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced higher third quarter 2020 financial results, higher natural gas liquids (NGL) volumes and updated its 2020 outlook.

Third Quarter 2020 Results, Compared With The Third Quarter 2019:

Net income of $312.3 million, resulting in 70 cents per diluted share. 15% increase in adjusted EBITDA to $747.0 million. 14% increase in operating income to $550.4 million. 16% decrease in operating costs. 1.30 times distributable cash flow coverage of dividend. 7% increase in NGL raw feed throughput volumes. 94 cents per MMBtu average fee rate... More