Oneok Partners L.P. (OKS) Tuesday reported first-quarter net income of $156.6 million or $0.42 per unit, compared to $238.8 million or $0.91 per unit last year.
On average, 15 analysts polled by Thomson Reuters expected the company to earn $0.58 per unit for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter dropped to $2.52 billion from $2.59 billion last year. Analysts estimated revenues of $2.38 billion for the quarter.
Going forward, the partnership reaffirmed its 2013 net income guidance range of $790 million to $870 million.
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