ONEOK Partners, L.P. (OKS) Tuesday reported an increase in profit for the second quarter, helped mainly by improved margins.
Net income attributable to ONEOK increased to $61 million or $0.69 per share from $55.1 million or $0.67 per share in the same period last year. On a split-adjusted basis, earnings were $0.29 per share, compared to $0.26 per share last year.
On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.70 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $2.53 billion, down from $3.44 billion last year. Analysts expected revenues of $2.86 billion.
Cost of sales and fuel increased to $1.98 billion from $2.93 billion last year.
Looking ahead to the fiscal year 2012 the company updated its earnings guidance to a range of $345 million to $375 million, compared with the previous range of $360 million to $410 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.