ONEOK (NYSE:OKE) reported first quarter earnings that Beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.81 on revenue of $2.48B. Analysts polled by expected EPS of $0.73 on revenue of $3.23B. That compared to EPS of $0.64 on revenue of $3.1B in the same period a year earlier. The company had reported EPS of $0.7 on revenue of $3.14B in the previous quarter.
ONEOK shares lost 0.63% to trade at $67.50 in after-hours trade following the report.
ONEOK follows other major Energy sector earnings this month
On Friday, Exxon Mobil reported first quarter EPS of $0.55 on revenue of $63.63B, compared to forecasts of EPS of $0.7 on revenue of $63B.
Chevron earnings Beat analysts' expectations on Friday, with first quarter EPS of $1.32 on revenue of $35.2B. analysts expected EPS of $1.3 on revenue of $38.42B
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