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Stock impact report

ONEOK Announces First Quarter 2020 Earnings

ONEOK, Inc. (OKE) 
Last oneok, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: PR Newswire
TULSA, Okla., April 28, 2020 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced first quarter 2020 financial results, provided a 2020 outlook and reduced 2020 capital expenditures.First Quarter 2020 Results, Compared With The First Quarter 2019:Net loss of $141.9 million, resulting in a net loss of 34 cents per diluted share (EPS), which includes noncash impairment charges of $641.8 million, or $1.17 per diluted share. EPS of 83 cents per diluted share, excluding noncash impairment charges. 10% increase in adjusted EBITDA to $700.8 million. 1.35 times dividend coverage ratio. 6% increase in NGL raw feed throughput volumes. 5% increase in natural gas volumes processed. 100% of natural gas transportation capacity contracted.2020 Outlook:Given the current industry and economic environment, it is impractical for ONEOK to provide traditional financial guidance for 2020 and beyond at this time. Providing specific volume and commodity price guidance would not be appropriate for ONEOK du Show less Read more
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