Oneok: Fourth quarter results
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Oneok ups income in fourth quarter
Oneok reported higher net income last year, which increased to $311.9 million, or $2.95 per diluted share, from $304.9 million, or $2.79 per diluted share, a year earlier.
Fourth-quarter net income was $68.2 million, or 65 cents per diluted share, compared with net income of $102.9 million, or 98 cents per diluted share, in the fourth quarter 2007.
Oneok's fourth-quarter operating income was $218.7 million, compared with $255.7 million in 2007, reflecting a decrease in storage, marketing and transportation margins in the energy services segment.