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ONEOK Sees Strong Financial Q1; EBITDA Up 40%
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ONEOK, Inc. announced first-quarter 2016 financial results.
First-quarter 2016 results increased significantly compared with the first quarter 2015, with adjusted EBITDA up nearly 40 percent and operating income up nearly 60 percent.
Highlights: First-quarter 2016 dividend coverage ratio of more than 1.3 times; First-quarter 2016 adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) increased nearly 40 percent compared with the first quarter 2015; Earnings per share increased nearly 40 percent compared with the first quarter 2015; The natural gas gathering and processing segment's average fee rate increased to 68 cents in the first quarter 2016, compared with 35 cents in the first quarter 2015 and 55 cents in the fourth quarter 2015; First quarter 2016…- ✓ Full news archive — U.S., Canada & international coverage
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