Taking a dive: Oneok profits down for quarter.
Oneok Partners profit dives
Oneok Partners posted first quarter net income attributable to Oneok of $122.3 million or $1.16 per share, compared to $143.8 million or $1.36 per share last year.
On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of 81 cents per share.
Analysts' estimates typically exclude special items.
Quarterly revenues declined to $2.8 billion from $4.9 billion in the same period last year.
Four Wall Street analysts expected revenues of $1.5 billion, according to an RTT report.
Oneok also reaffirmed its fiscal year earnings per share guidance in the range of $2.25 to $2.75 per share.
Street analysts expect earnings of $3.43 per share, according to an RTT report.