8-KOther Events

ONEOK INC /NEW/ 8-K Report (Jun 21, 2004)

Filed June 21, 2004For Securities:OKE

Summary

ONEOK, Inc. (OKE) filed an 8-K report on June 21, 2004, primarily to disclose forward-looking information and affirm its previously issued earnings guidance for the fiscal year 2004. The company reiterated its expectation for diluted earnings per share to remain within the range of $2.12 to $2.18. This report also provided updated estimates for segment operating income and offered specific quarterly earnings per share guidance, offering investors more granular insight into the company's financial outlook for the remainder of the year. The filing importantly highlights the inherent uncertainties and risks associated with these forward-looking statements. ONEOK detailed a comprehensive list of factors that could cause actual results to materially differ from projections, including risks related to credit ratings, weather impacts, competition, capital intensity, regulatory changes, and economic conditions. Investors should carefully consider these risk factors when evaluating the company's guidance and future performance.

Key Highlights

  • 1ONEOK affirmed its 2004 diluted EPS guidance of $2.12 to $2.18.
  • 2The company provided updated segment operating income estimates.
  • 3Quarterly earnings per share guidance was also provided.
  • 4The 8-K filing includes a comprehensive list of risk factors that could impact future performance.
  • 5Key risks mentioned include credit ratings, weather, competition, regulatory changes, and economic climate.
  • 6The report emphasizes that actual results may differ materially from forward-looking statements.

Frequently Asked Questions

The main purpose of this 8-K filing is to provide an update on ONEOK's financial outlook by affirming its 2004 earnings per share guidance, updating segment operating income estimates, and providing quarterly EPS guidance. It also serves to disclose the inherent risks and uncertainties associated with these forward-looking statements.

ONEOK affirmed its diluted earnings per share guidance for the fiscal year 2004 to be in the range of $2.12 to $2.18.

Key risks mentioned include potential reductions in the company's credit ratings, the impact of weather and natural phenomena on sales and prices, competition from other energy suppliers, the capital-intensive nature of the business, deregulation of the natural gas business, the profitability of acquired assets, marketing and trading risks, the general economic climate, commodity price fluctuations, changes in governmental policies and regulatory actions, and potential impacts from terrorist attacks or global conflicts.

No, this filing explicitly states that financial statements of businesses acquired and pro forma financial information are not applicable.