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TULSA, Okla. - Oneok Inc., a diversified energy company, on Wednesday affirmed its full-year profit guidance, though it narrowed the range.
| OKE | 31.08 |  0.29 |
The news came as the company reported that its third-quarter profit more than quadrupled as sales rose nearly 51 percent.
The company said that for all of 2008 it expects net income to range from $2.95 a share to $3.05 a share. Previously, it had projected full-year profit would range from $2.90 a share to $3.10 a share.
Analysts surveyed by Thomson Financial forecast an annual profit of $2.98 per share.
It said the update reflected stronger nine-month performance in the Oneok Partners segment, partially offset by anticipated lower operating income in its energy services segment.
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