ONEOK Inc. Reveals 12% Advance In Q2 Earnings

(RTTNews) - ONEOK Inc. (OKE) reported earnings for its second quarter that gained ground compared to the same period last year.

The company said its bottom line came in at $86.0 million, or $0.40 per share. This was up from $76.5 million, or $0.36 per share, in last year's second quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

ONEOK Inc. earnings at a glance:

-Earnings (Q2): $86.0 Mln. vs. $76.5 Mln. last year. -Earnings Growth (Y-o-Y): 12.4% -EPS (Q2): $0.40 vs. $0.36 last year. -EPS Growth (Y-o-Y): 11.1% -Analysts Estimate: $0.44