ONEOK 4Q18 And Full-Year Resuts

Also note: SRE will report earnings tomorrow morning before market opening. 

The consensus EPS Estimate is $1.46 (-5.2% y-o-y) and the consensus revenue estimate is $2.94B (-0.7% y-o-y).

Where were we? Oh, yes, ONEOK.

Link here.

• Higher full year 2018 results, compared with the full year 2017: 
• 32 percent increase in operating income to $1,835.5 million
• 23 percent increase in adjusted EBITDA to $2,447.5 million
• 1.37 times dividend coverage ratio
• 16 percent increase in natural gas volumes processed
• 12 percent increase in natural gas liquids (NGL) volumes gathered. 
• Higher 2019 financial guidance, compared with full year 2018 results: 
• 10 percent net income midpoint increase to $1.27 billion
• 6 percent adjusted EBITDA midpoint increase to $2.60 billion
• Growth capital midpoint of $3.10 billion; maintenance capital midpoint of $180 million.

Shares pretty much flat for the day.

Pays slightly more than 5%.

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