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TULSA, Okla. (AP) _ Oneok Inc. (OKE) on Monday reported fourth-quarter net income of $25.5 million.
The Tulsa, Oklahoma-based company said it had profit of 12 cents per share. Earnings, adjusted for asset impairment costs and to account for discontinued operations, were 45 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The natural gas company posted revenue of $1.93 billion in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $2.29 billion.
For the year, the company reported profit of $245 million, or $1.16 per share. Revenue was reported as $7.76 billion.
Oneok shares have dropped 13 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased nearly 5 percent. In the final minutes of trading on Monday, shares hit $21.40, a fall of 55 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OKE at http://www.zacks.com/ap/OKE
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Keywords: Oneok Inc., Earnings Report
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Oneok Inc.
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CODE : OKE |
ISIN : US6826801036 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Oneok Inc. is based in United states of america. Oneok Inc. is listed in Germany and in United States of America. Its market capitalisation is US$ 32.9 billions as of today (€ 28.8 billions). Its stock quote reached its lowest recent point on May 04, 1990 at US$ 1.43, and its highest recent level on March 28, 2024 at US$ 80.17. Oneok Inc. has 410 634 227 shares outstanding. |