Oneok's earnings fall but meet expectations
TULSA, Okla. (AP) -- Second quarter earnings fall at Oneok Incorporated, but increased production and higher gas and oil prices allow the diversified energy company to beat expectations.<br/><br/>Tulsa-basedMonday, August 2nd 2004, 5:19 pm
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News On 6
TULSA, Okla. (AP) -- Second quarter earnings fall at Oneok Incorporated, but increased production and higher gas and oil prices allow the diversified energy company to beat expectations.
Tulsa-based Oneok says it earned $17.8-million -- or 17 cents per share -- in the period that ended June 30th. That compares with $22.5-million -- or 23 cents per share -- a year earlier.
Analysts had expected earnings of 16 cents per share.
In addition to exploration and production and energy trading, Oneok serves more than 2-million customers with its utility business in Kansas, Oklahoma and Texas.
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