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Oneok: 3Q Earnings Snapshot

·1 min read

TULSA, Okla. (AP) _ Oneok Inc. (OKE) on Tuesday reported third-quarter profit of $312.3 million.

On a per-share basis, the Tulsa, Oklahoma-based company said it had net income of 70 cents.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.

The natural gas company posted revenue of $2.17 billion in the period.

Oneok shares have fallen 61% since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 5%. In the final minutes of trading on Tuesday, shares hit $29.32, a fall of 59% in the last 12 months.

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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