Slowing Bakken activity will be a headwind for Oneok.
Oneok Partners reported fourth-quarter and 2016 results roughly in line with expectations. The Partnership reported 2016 adjusted EBITDA of $1.84 billion, versus consensus expectations of $1.85 billion. In 2016, adjusted EBITDA grew 18% from 2015 due to contract restructuring of natural gas gathering and processing fees, which nearly doubled from rates charged in 2015. Natural gas volumes processed and natural gas liquids volumes fractionated were up 12% and 6%, respectively, for the year. Resul...
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