ONEOK Inc. Reports 27% Gain In Q3 Profit

(RTTNews) - ONEOK Inc. (OKE) revealed earnings for its third quarter that increased from last year.

The company said its bottom line climbed to $82.16 million, or $0.39 per share. This was up from $64.46 million, or $0.31 per share, in last year's third quarter.

Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 39.1% to $1.90 billion. This was down from $3.12 billion last year.

ONEOK Inc. earnings at a glance:

-Earnings (Q3): $82.16 Mln. vs. $64.46 Mln. last year. -Earnings Growth (Y-o-Y): 27.5% -EPS (Q3): $0.39 vs. $0.31 last year. -EPS Growth (Y-o-Y): 25.8% -Analysts Estimate: $0.40 -Revenue (Q3): $1.90 Bln vs. $3.12 Bln last year. -Revenue Change (Y-o-Y): -39.1%