Summary
ONEOK, Inc. (OKE) filed an 8-K report on January 10, 2008, disclosing updated financial guidance for both 2007 and 2008. For the full year 2008, the company projects diluted net income to be in the range of $2.75 to $3.15 per share. This guidance is based on an anticipated average of 106.2 million shares outstanding.
Key Highlights
- 1ONEOK provided 2008 net income guidance of $2.75 to $3.15 per diluted share.
- 2The company increased its 2007 net income guidance to a range of $2.75 to $2.79 per diluted share.
- 3Previously, 2007 net income guidance was estimated between $2.62 and $2.72 per diluted share.
- 4Expected average diluted shares outstanding for 2008 is 106.2 million.
- 5Expected average diluted shares outstanding for 2007 was 109.4 million.
- 6The disclosure was made under Regulation FD on January 8, 2008.
- 7The filing includes a press release from January 8, 2008, as an exhibit.