ONEOK Inc. (OKE) said that it now expects fiscal 2009 earnings to be in the range of $2.85 to $2.89 per share, slightly above the high end of the earlier earnings guidance of $2.65 to $2.85 per share.
On average, seven analysts polled by Thomson Reuters currently expect the company to earn $2.79 per share for fiscal 2009. Analysts estimates typically exclude special items.
For 2010, the company expects net earnings to be in the range of $300 million to $335 million.
Analysts currently expect earnings of $2.95 per share for fiscal 2010.
ONEOK Partners also announced that its 2009 results to be at the high end of the net income guidance range of $3.40 to $3.60 per unit provided earlier.
ONEOK Partners' 2010 net income is expected to be in the range of $450 million to $490 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.