earnings
confidence high
sentiment positive
materiality 0.78
ONEOK Q3 net income up 10% to $431.8M; provides 2023 outlook for >10% growth
ONEOK INC /NEW/
2022-Q3 EPS reported
$2.76
revenue$17,354,861,000
- Net income $431.8M ($0.96 diluted EPS), +10% YoY; adjusted EBITDA $902.4M, +4% YoY.
- Affirms 2022 guidance midpoints; 2023 outlook calls for >10% increase in net income and adjusted EBITDA.
- Quarterly dividend declared at $0.935/share ($3.74 annualized), unchanged from prior quarter.
- Received $45M of $100M insurance proceeds for Medford facility fire; rest expected by year-end.
- NGL segment adjusted EBITDA fell to $484.8M from $532.2M on lower optimization and marketing.