NYSE:OKEOil and Gas
How Stronger-Than-Expected Earnings And Higher Guidance At ONEOK (OKE) Have Changed Its Investment Story
Earlier this week, ONEOK reported stronger-than-expected quarterly results, with analysts pointing to spread optimization and improved operating performance as key drivers of its raised full-year net income guidance to a midpoint of US$3.45 billion.
The interesting angle is that this operational improvement and higher guidance come even as analysts remain cautious about commodity price volatility and potentially tightening regional natural gas spreads.
With earnings guidance moving higher on...