Oklahoma business briefs for Feb. 26

Oklahoma business briefs for Feb. 26
Published: February 26, 2013

ONEOK PARTNERS LP

— ONEOK Partners LP on Monday announced 2012 profits of $888 million, or $3.04 per unit, up 7 percent from $830 million, or $3.35 per unit, in 2011. Fourth-quarter net income slipped to $210 million, or 66 cents per unit, down from almost $299 million, or $1.26 per unit, in the year-ago period. “The partnership performed well in 2012, as completed growth projects resulted in increased volumes of natural gas and natural gas liquids across our systems,” said John W. Gibson, chairman and CEO of ONEOK Partners. The partnership reduced its 2013 net income guidance range to $790 million to $870 million, down from its previous guidance of $935 million to $1.01 billion.

FROM STAFF REPORTS