ONEOK Inc. Overcomes Hurricane Harvey With Ease

ONEOK Inc. Overcomes Hurricane Harvey With Ease

Hurricane Harvey battered the state of Texas in the third quarter, forcing many oil and gas producers to turn off their pumps until the storm passed. In addition, heavy rain caused flooding, which temporarily closed several oil and gas processing facilities. Consequently, there was a concern that the storm would impact ONEOK's (NYSE: OKE) third-quarter results. While the company did see some effects, it more than overcame them to post solid numbers, enabling it to affirm its full-year guidance.

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Q3 2017

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Source: Fool.com