ONEOK (OKE) Tops Q3 EPS by 5c

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ONEOK Announces 26% Year-Over-Year Increase in Third Quarter 2021 Net Income and Earnings Per Share

November 2, 2021 4:15 PM EDT

TULSA, Okla., Nov. 2, 2021 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced higher third quarter 2021 results and increased 2021 financial guidance.

Higher Third Quarter 2021 Results, Compared With Third Quarter 2020:

26% increase in net income to $392.0 million, resulting in 88 cents per diluted share. 16% increase in adjusted EBITDA to $865.2 million. 47% increase in Rocky Mountain region NGL raw feed throughput volumes. 24% increase in Rocky Mountain region natural gas volumes processed. 4.0 times annualized run-rate net debt-to-EBITDA ratio.

Increased 2021 Guidance:

10% net income increase... More