ONEOK Inc. Q1 Profit Rises, Beats estimates

(RTTNews) - ONEOK Inc. (OKE) released earnings for its first quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $1.05 billion, or $2.34 per share. This compares with $391 million, or $0.87 per share, in last year's first quarter.

Analysts on average had expected the company to earn $2.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

ONEOK Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $1.05 Bln. vs. $391 Mln. last year. -EPS (Q1): $2.34 vs. $0.87 last year. -Analyst Estimate: $2.09