BUZZ-ONEOK rises on higher Q4 profit

Reuters
25 Feb
BUZZ-ONEOK rises on higher Q4 profit

** Shares of pipeline operator ONEOK OKE.N up 1.1% at $99.20 in extended trading

** Co's Q4 profit rise helped by higher demand and accretive contributions from the EnLink acquisition

** Net income attributable to ONEOK of $923 million, or $1.57 per share, vs $688 million, or $1.18 per share, from a year earlier

** Quarterly core profit from the NGL segment up 13.5% at $696 million from a year earlier, while its quarterly core profit from the refined products and crude segment up 42.2% at $603 million

** Co expects current-year net income between $3.21 billion and $3.69 billion, the mid-point of which was up about 11% from last year

** Up to last close, shares down 2.3% YTD

(Reporting by Tanay Dhumal in Bengaluru)

((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))

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