Oneok Boosts Outlook on Higher Permian Basin Volumes
Dow Jones10-28 04:41
Oneok reported higher third-quarter profit and raised its full-year guidance, boosted by higher volumes from the Permian Basin.
The natural-gas transmission company posted net income of $1.35 billion, or $2.13 a share, up from $939 million, or $1.49 a share, the year prior. Analysts polled by FactSet expected $1.50 a share.
The company increased its full-year earnings guidance to a midpoint of $6.30, up from its previous forecast of $5.68 a share. Analysts see $5.76 a share.
"Results benefited from higher natural gas liquids, refined products and natural gas volumes and higher optimization and marketing activity," the company said.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments