ONEOK Inc. Reveals 73% Fall In Q4 Earnings

(RTTNews) - ONEOK Inc. (OKE) reported earnings for fourth quarter that decreased from last year.

The company said its bottom line fell to $25.52 million, or $0.12 per share. This was down from $94.54 million, or $0.45 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 32.0% to $1.93 billion. This was down from $2.84 billion last year.

ONEOK Inc. earnings at a glance:

-Earnings (Q4): $25.52 Mln. vs. $94.54 Mln. last year. -Earnings Decline (Y-o-Y): -73.0% -EPS (Q4): $0.12 vs. $0.45 last year. -EPS Decline (Y-o-Y): -73.3% -Analysts Estimate: $0.45 -Revenue (Q4): $1.93 Bln vs. $2.84 Bln last year. -Revenue Change (Y-o-Y): -32.0%