OKS Reports Q3/15

Nov. 03, 2015 7:56 PM ETOKE
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Contributor Since 2011

I seek to liberate investors from the chains of borrowed opinions by teaching metric awareness that leads to the formation of your own opinions. I am a retail investor that gathers, processes and analyzes significantly more data than average. I share that data in my articles. I let the data do the talking. I am only taking dictation as the data tells its message.

OKS began the earnings release stating that they reaffirm "2015 financial guidance ranges and the expectation to exceed a 1.0 times distribution coverage in 2016" - and followed this with numbers that were less terrible than the prior quarters of 2015. OKS was up on the news.

ONEOK Partners, L.P. (OKS) metrics

  Q3-2015 Q2-2015 Q1-2015 Q4-2014 Q3-2014 Q2-2014 Q1-2014 Q4-2013 Q3-2013 Q2-2013 Q1-2013

Revenues 1,898.946 2,128 1,805 2,844 3,120.145 3,066 3,162 3,449 3,135 2,768 2,517
EBITDA 403.7 387.277 324.298 415.464 388.562 360.907 393.689 350.384 331.866 315.071 260.455
Total DCF dollars 302.800 276.927 217.211 306.044 293.303 271.999 211.230 244.958 259.148 271.999 193.216
GP's DCF dollars 105.178 97.875 95.844 95.192 90.135 85.882 76.922 73.089 71.812 67.145 66.045
Net DCF dollars 197.722 179.052 121.367 210.852 203.168 186.117 221.230 171.869 187.336 184.713 127.171
Units 272.046 257.179 254.075 251.411 249.091 240.503 232.131 231.667 226.991 220.116 219.816
DCF/unit $0.7268 $0.6962 $0.4777 $0.8387 $0.8156 $0.7739 $0.9530 $0.7419 $0.8253 $0.8392 $0.5785
Upcoming Distribution $0.790 $0.790 $0.790 $0.790 $0.775 $0.760 $0.745 $0.730 $0.725 $0.720 $0.715
Coverage 0.92 0.88 0.60 1.06 1.05 1.02 1.28 1.02 1.14 1.17 0.81

Broker 1 DCF/unit   $0.70 $0.48 $0.84 $0.82 $0.77 $0.95        
Broker 2 DCF/unit   $0.70 $0.48 $0.84 $0.82 $0.77 $0.95        

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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