TULSA, Okla. (AP) — TULSA, Okla. (AP) — Oneok Inc. (OKE) on Tuesday reported first-quarter profit of $774 million.
The Tulsa, Oklahoma-based company said it had net income of $1.23 per share. Earnings, adjusted for asset impairment costs, came to $1.30 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The natural gas company posted revenue of $9.62 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $9.69 billion.
Oneok expects full-year earnings to be $5.53 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OKE at https://www.zacks.com/ap/OKE
