ONEOK Reports 4th Quarter
ONEOK, Inc. a major Bakken oil company, announced fourth quarter results:Fourth Quarter 2020 Results, Compared With Fourth Quarter 2019:
* 11% increase in operating income to $538.7 million.
* 12% increase in adjusted EBITDA to $742.0 million.
* 24% increase in Rocky Mountain region NGL raw feed throughput volumes.
* 11% increase in Rocky Mountain region natural gas volumes processed.
* $1.04 per MMBtu average fee rate in the natural gas gathering and processing segment.
Full-year 2020 Results, Compared With Full Year 2019:
* Net income of $612.8 million, including $644.9 million of noncash impairment charges.
* 6% increase in adjusted EBITDA to $2,723.7 million.
* 18% increase in Rocky Mountain region NGL raw feed throughput volumes.
* 10% decrease in operating costs.
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