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This 13%-Yielding Energy Stock's Earnings Roar Higher as Volumes Bounce Back Sharply

TheMotleyFool

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This 13%-Yielding Energy Stock's Earnings Roar Higher as Volumes Bounce Back Sharply

ONEOK's (NYSE: OKE) operational and financial results bounced back big time during the third quarter as its natural gas liquids (NGL) volumes topped their pre-pandemic level. Fueling the brisk improvement were recently completed expansion projects and the return of shut-in volumes from the second quarter thanks to improving commodity prices. These factors helped shore up the foundation under the pipeline company's nearly 13%-yielding dividend.

Metric

Q3 2020

Source Fool.com

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