ONEOK (OKE) Reports In-Line Q4 EPS; Provides FY20 EPS Mid-Point Guidance Below Consensus
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ONEOK Announces 11% Increase in 2019 Net Income; Announces 2020 Financial Guidance and 2021 Outlook
February 24, 2020 4:15 PM ESTTULSA, Okla., Feb. 24, 2020 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced higher fourth quarter and full-year 2019 results, compared with the same periods in 2018, and announced 2020 financial guidance and a 2021 outlook.
Higher Full-year 2019 Results, Compared With The Full Year 2018:
11% increase in net income to $1,278.6 million, resulting in $3.07 per diluted share. 5% increase in adjusted EBITDA to $2,580.2 million. 1.38 times dividend coverage ratio. 7% increase in NGL raw feed throughput volumes. 7% increase in natural gas volumes processed. 98% natural gas transportation capacity contracted.Higher 2020 Earnings Guidance,... More
