ONEOK Inc. Reveals Retreat In Q2 Profit

ONEOK Inc. (OKE) reported a profit for second quarter that decreased from the same period last year.

The company's bottom line totaled $134.3 million, or $0.32 per share. This compares with $312.0 million, or $0.75 per share, in last year's second quarter.

Analysts had expected the company to earn $0.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

ONEOK Inc. earnings at a glance:

-Earnings (Q2): $134.3 Mln. vs. $312.0 Mln. last year.
-EPS (Q2): $0.32 vs. $0.75 last year.
-Analysts Estimate: $0.51

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