ONEOK earning rise 40 percent - - Tulsa, OK - News, Weather, Video and Sports - |

ONEOK earning rise 40 percent

TULSA, Okla. (AP) _ Natural gas company ONEOK (ONE'-oak) Incorporated reports that second-quarter 2005 net income rose 40 percent from the same period last year.

The company says the increase is a result of stronger natural gas, natural gas liquids and oil prices.

Net income for the quarter was 24-point-nine (m) million dollars compared with last year's 17-point-eight (m) million dollars.

The company also says it is revising its 2005 earnings guidance. Net earnings per share are expected to be in the range of two-dollars-56-cents to two-dollars-62 cents per diluted share. The revised guidance for income from continuing operations is in the range of one-dollar-92-cents to one-dollar-98-cents per diluted share.

ONEOK is among the largest natural gas distributors in the United States and serves more than two (m) million customers in Oklahoma, Kansas and Texas.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.