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ONEOK Plans Huge Arsenal of Multi-Play Projects Worth ~$5.0B
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ONEOK, Inc. has reported third-quarter 2014 net income attributable to ONEOK of $64.5 million, or 31 cents per diluted share, which includes a noncash impairment charge of $76.4 million, or 9 cents per diluted share attributable to ONEOK, in the gathering and processing segment at ONEOK Partners.
Terry K. Spencer, president and chief executive officer of ONEOK, commented: "Our structure, as a pure-play general partner of ONEOK Partners, continues to maximize cash flow available for dividends. Completed capital-growth projects at the partnership resulted in increased cash flow to ONEOK in the third quarter – creating increased value for our shareholders.
"With the partnership's recent announcements of new natural gas processing facilities in North Dakota, Wyoming and Oklahoma, it continues…
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