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Oneok earnings up for Q3.

Byline: Journal Record Staff

TULSA Oneok Inc. on Tuesday reported net income for the third quarter of $313.3 million, or 75 cents per diluted share, up from $165.7 million, or 43 cents per diluted share, for the third quarter of 2017.

"Sustained NGL and natural gas volume growth across our assets continues to result in high-quality earnings growth," said Terry K. Spencer, president and CEO. "Higher volumes in the Williston Basin and the STACK and SCOOP areas, combined with favorable optimization and marketing activities, have resulted in another increase to our 2018 financial guidance.

Net income for the first nine months of 2018 totaled $858.8 million, or $2.07 per diluted share, up from $324.8 million, or $1.20 per diluted share, for the first nine months of 2017.

Tulsa-based Oneok's full-year net income is now expected to be in the range of $1.14 billion to $1.22 billion, compared with the range of $1.02 billion to $1.15 billion announced July 31.

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Publication:Journal Record (Oklahoma City, OK)
Article Type:Financial report
Date:Oct 30, 2018
Words:177
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