Thursday, May 1st 2003, 12:00 am
By: News On 6
(Tulsa-AP) -- Oneok Incorporated says a hefty charge from an energy trading accounting change led to a 69% decrease in first-quarter earnings.
The Tulsa-based natural gas company and utility said Wednesday it earned $22.4-million in the three months ended March 31st, compared with $72.6-million a year earlier.
Earnings per share were 28 cents, versus 60 cents a year earlier.
Revenues rose to $409.7-million from $294.4-million.