Oneok Inc Stock Price, News & Analysis

ONEOK (NYSE: OKE) has announced a significant $3.0 billion senior notes offering structured in three tranches: $750 million of 7-year notes at 4.95%, $1.0 billion of 10-year notes at 5.40%, and $1.25 billion of 30-year notes at 6.25%.

The company expects to receive net proceeds of approximately $2.96 billion after deducting expenses. The funds will be used to repay outstanding commercial paper, settle senior notes due September 15, 2025, and for general corporate purposes, including potential repurchase or redemption of existing notes. The offering is expected to close around August 12, 2025.

ONEOK (NYSE: OKE) reported strong second quarter 2025 financial results, with net income of $853 million and adjusted EBITDA of $1.98 billion. The company's performance was driven by strategic acquisitions, including EnLink and Medallion, and showed an 11% increase in Rocky Mountain region NGL raw feed throughput volumes.

Key financial achievements include net income attributable to ONEOK of $841 million ($1.34 per diluted share) and debt reduction through the repayment of nearly $600 million in senior notes. The company maintained its 2025 financial guidance ranges and declared a quarterly dividend of $1.03 per share.

Notable transactions include acquiring the remaining 49.9% interest in Delaware Basin JV and an additional 30% stake in BridgeTex Pipeline, increasing ownership to 60%. The company's strong balance sheet features no borrowings under its $3.5 billion credit agreement and $97 million in cash.

ONEOK (NYSE: OKE) has announced its quarterly dividend declaration. The company's board of directors has maintained the quarterly dividend at $1.03 per share, which translates to an annualized dividend of $4.12 per share. The dividend will be paid on August 14, 2025, to shareholders of record as of August 1, 2025.

ONEOK operates as a leading midstream operator in North America, managing approximately 60,000 miles of pipeline network for transporting natural gas, natural gas liquids (NGLs), refined products, and crude oil. The company plays a crucial role in domestic and international energy infrastructure as an S&P 500 member headquartered in Tulsa, Oklahoma.

ONEOK (NYSE: OKE), a leading midstream energy infrastructure operator, has scheduled its second quarter 2025 earnings release and conference call. The company will release its Q2 2025 earnings after market close on August 4, 2025, followed by a conference call on August 5, 2025 at 11 a.m. Eastern time.

The conference call will be accessible via phone at 877-883-0383 (entry number 9706904) and through a webcast on www.oneok.com. A replay will be available on ONEOK's website for one year and via phone for seven days using 877-344-7529 (access code 4363302).

ONEOK (NYSE: OKE) has acquired the remaining 49.9% interest in Delaware G&P LLC from NGP XI Midstream Holdings for $940 million, combining $530 million in cash and $410 million in ONEOK common stock. The transaction, completed on May 28, 2025, gives ONEOK full ownership of Delaware Basin JV, which operates natural gas gathering and processing facilities in the Delaware Basin across West Texas and New Mexico. The facilities boast a significant processing capacity exceeding 700 million cubic feet per day. This strategic acquisition strengthens ONEOK's position as a leading midstream operator with a 60,000-mile pipeline network, providing essential energy infrastructure services including gathering, processing, fractionation, transportation, storage, and marine export services across North America.

ONEOK (NYSE: OKE), a leading midstream energy operator, announces its participation in an upcoming investor conference, featuring a fireside chat session on May 28, 2025, at 2:30 p.m. Eastern Time. The session will be webcast live and available for replay on ONEOK's website.

ONEOK operates an extensive 60,000-mile pipeline network providing gathering, processing, fractionation, transportation, storage, and marine export services for natural gas, NGLs, refined products, and crude oil. As one of North America's largest integrated energy infrastructure companies and an S&P 500 member, ONEOK plays a crucial role in meeting domestic and international energy demand while delivering energy solutions for the future.

I Squared Capital has agreed to acquire a 37% stake in Matterhorn InvestCo, LLC, which owns 65% of the Matterhorn Express Pipeline (MXP). MXP is a strategic 2.5 billion cubic feet per day natural gas pipeline connecting the Permian Basin to Texas demand centers and Gulf Coast LNG export terminals. The pipeline, which began operations in November 2024, is fully contracted and serves growing energy demand centers, including LNG terminals, industrial hubs, and AI-driven data centers in Austin and Houston areas. Post-transaction, MXP's ownership will be distributed among MXP HoldCo (65%), ONEOK (15%), MPLX (10%), and Enbridge (10%). WhiteWater Midstream will continue operating the pipeline through MXP HoldCo. The transaction is expected to close in mid-2025.

ONEOK reported strong Q1 2025 financial results, with net income of $691 million and adjusted EBITDA of $1.78 billion. The company's performance was marked by a 15% increase in Rocky Mountain region NGL volumes and a 7% rise in natural gas volumes processed compared to Q1 2024.

Key highlights include:

• Net income attributable to ONEOK: $636 million ($1.04 per diluted share)
• Completion of EnLink Midstream acquisition on January 31, 2025
• Announcement of new joint ventures for LPG export terminal construction
• Share repurchase of 190,000 shares for $17.4 million
• Quarterly dividend declaration of $1.03 per share

The company's success was driven by strategic acquisitions, higher volumes in the Rocky Mountain region, and strong performance across all business segments. ONEOK maintains a solid financial position with no borrowings under its $3.5 billion credit agreement and $141 million in cash and cash equivalents.

ONEOK (NYSE: OKE) has announced its quarterly dividend declaration of $1.03 per share, maintaining the same rate as the previous quarter. This translates to an annualized dividend of $4.12 per share. The dividend will be paid on May 15, 2025, to shareholders of record as of May 5, 2025.

ONEOK operates as a leading midstream operator in North America, managing approximately 60,000 miles of pipeline network. The company provides essential energy infrastructure services including gathering, processing, fractionation, transportation, storage, and marine export services for natural gas, natural gas liquids (NGLs), refined products, and crude oil. As an S&P 500 company headquartered in Tulsa, Oklahoma, ONEOK plays a important role in meeting domestic and international energy demand.