ONEOK adjusts earnings guidance higher after good quarter

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By Jack Money Business Writer jmoney@oklahoman.comTULSA — ONEOK Inc. announced Tuesday it is boosting its 2018 earnings guidance after seeing strong results during the third quarter. The company earned a net income of about $313 million for the quarter, compared to about $166 million during the same time the year before. Its operating income, meanwhile, climbed to about $496 million, opposed to about $355 million it earned in the third quarter of 2017. Operationally, the company posted an 18 percent increase, year-over-year, in the volume of natural gas liquids it gathered in the third quarter, and also posted a 15 percent increase in the volume of natural gas it processed. "Sustained natural gas liquids and natural gas volume growth across our...

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ONEOK adjusts earnings guidance higher after good quarter

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