On this morning’s call, we will review our second quarter results and discuss our rationale for our updates to 2012 earnings guidance, reaffirm our ability to continue to grow ONEOK’s dividend and ONEOK Partners distribution over the next several years even in a lower commodity price environment, and update our progress with our growth projects, including our contracting status for the Bakken Crude Express pipeline and the $1 billion of additional projects we announced just last week.Let’s start with our second quarter performance. ONEOK Partners turned in an exceptionally strong performance, driven by strong volume growth in the Natural Gas Liquids and Natural Gas Gathering and Processing businesses. Our Natural Gas Distribution segment turned in slightly higher results performing as expected and our energy services segment reported a loss because of the continuing challenges it faces in a low natural gas price environment with low price volatility.
ONEOK's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.