General | Quarterly / Earnings Reports
ONEOK Sees Upswing in Q1 Natural Gas Distribution
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ONEOK Inc. reported first quarter 2013 net income attributable to ONEOK was $112.5 million, or 54 cents per diluted share, compared with $122.9 million, or 58 cents per diluted share, in the first quarter 2012.
First-quarter 2012 net income included a $13.3 million, or 7 cents per share, after-tax gain on the sale of ONEOK's retail natural gas marketing business in February 2012.
ONEOK reaffirmed its 2013 net income guidance range of $350 million to $400 million, provided on Feb. 25, 2013.
2013 earnings guidance for ONEOK includes a projected dividend increase of 2 cents per share in July 2013, subject to ONEOK board approval. ONEOK's 2013 earnings guidance also includes a projected 0.5-cent-per-unit-per-quarter increase in unitholder distributions from ONEOK Partners, subject to ONEOK…
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