Oneok Partners' 2Q EBITDA Increases 18% Year on Year
Oneok Partners reported decent second-quarter results with adjusted EBITDA of $456 million, up 18% versus $387 million a year ago. Distributable cash flow was $348 million, up 60% from last year. Coverage was 1.15 times versus 0.88 times last year and 1.06 last quarter. Growth during the quarter was driven by higher natural gas processing volumes (which increased 12% versus the prior-year period) and higher natural gas liquids volumes fractionated (which increased 10% versus the prior-year perio...
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