ONEOK's Earnings Growth Engine Sputters
ONEOK (NYSE: OKE) hit a speed bump during the third quarter, causing earnings to slip while cash flow barely budged. That's quite a reversal from the energy company's fast-paced growth earlier this year. The primary issue was some weakness in its natural gas liquids (NGLs) segment resulting from lower prices and higher expenses.
However, the company remains on track to deliver on its full-year guidance. It also expects to reaccelerate next year, thanks to the upcoming completion of several expansion projects.
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Source Fool.com
