logo
Share SHARE
FONT-SIZE Plus   Neg

ONEOK, ONEOK Partners Lift 2011 Earnings Forecast

ONEOK, Inc. (OKE) announced that it has increased its 2011 net income midpoint and expects it to be within the upper end of the net income range provided on Nov. 1, 2011.

The company expects its 2011 net income to be in a range of $355 million to $365 million, within the earnings guidance range of $345 million to $365 million provided on Nov. 1, 2011. The updated guidance increases the net income midpoint to $360 million from $355 million and reflects higher anticipated earnings in the ONEOK Partners segment.

Also, ONEOK Partners, L.P. (OKS) announced that its 2011 net income is expected to be higher than the ranges provided on Nov. 1, 2011.

The company expects its net income range $820 million to $840 million, exceeding the previous range of $740 million to $770 million. The updated guidance increases the net income midpoint to $830 million from $755 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Netflix offers a bunch of popular movies, Netflix originals, new TV shows, and documentaries in the month of December 2016, including the second season of the hit sitcom 'Fuller House' and 2016 blockbuster 'Captain America: Civil War', as all are getting ready for the holidays. SpaceX, the space transport company of Tech entrepreneur Elon Musk, is likely to launch its first Falcon 9 rocket since September's launchpad explosion on December 16. SpaceX's satellite launch customer Iridium Communications Inc. announced Thursday that its next-generation global satellite constellation, Iridium NEXT, will be launched on SpaceX's Falcon 9 rocket. Bank holding company Wells Fargo & Co., amid struggles to re-establish itself after the fake-account scandal, on Thursday said it has separated the roles of the Chairman and Chief Executive Officer formally, by amending the company's By-Laws. The amendment is also for the Chairman and Vice Chairman of the Board to be independent directors. The amendments were effective immediately.
comments powered by Disqus
Follow RTT