Oneok: 1Q Earnings Snapshot

TULSA, Okla. (AP) _ Oneok Inc. (OKE) on Tuesday reported first-quarter net income of $337.2 million.

The Tulsa, Oklahoma-based company said it had net income of 81 cents per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The natural gas company posted revenue of $2.78 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $2.7 billion.

Oneok shares have climbed 26% since the beginning of the year, while the Standard & Poor's 500 index has climbed 18%. In the final minutes of trading on Tuesday, shares hit $67.82, a rise of 13% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OKE at https://www.zacks.com/ap/OKE