Oneok Inc Stock Price, News & Analysis

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.

ONEOK (NYSE: OKE) has scheduled its first quarter 2025 earnings release for April 29, 2025, after market close, followed by a conference call on April 30, 2025, at 11 a.m. Eastern time. The company will host both a phone conference call and webcast for stakeholders.

ONEOK operates as a leading midstream energy infrastructure company with an extensive 60,000-mile pipeline network focused on gathering, processing, fractionation, transportation, storage, and marine export services. The company specializes in natural gas, natural gas liquids (NGLs), refined products, and crude oil transportation, serving domestic and international energy demands.

ONEOK (NYSE: OKE) has announced its 2025 annual meeting of shareholders, scheduled for May 21, 2025, at 9 a.m. Central Time. The meeting will be conducted virtually through a live webcast, with March 24, 2025, set as the record date for shareholder voting eligibility.

ONEOK operates as a leading midstream energy infrastructure company with an extensive 60,000-mile pipeline network. The company specializes in gathering, processing, fractionation, transportation, and storage services for natural gas, natural gas liquids (NGLs), refined products, and crude oil. As an S&P 500 company based in Tulsa, Oklahoma, ONEOK plays a important role in meeting domestic and international energy demand while focusing on safe and reliable energy solutions.

ONEOK (NYSE: OKE) has announced its 2025 financial guidance and 2026 growth outlook, projecting significant growth across its operations. The company expects a net income midpoint of $3.45 billion for 2025, representing an 11% year-over-year increase, and earnings per diluted share midpoint of $5.37, up 8% year-over-year.

Key 2025 projections include an Adjusted EBITDA midpoint of $8.225 billion, a 21% increase year-over-year, and capital expenditures ranging between $2.8-3.2 billion. The company anticipates over 15% earnings per share growth and nearly 10% adjusted EBITDA growth in 2026.

ONEOK plans to maintain 90-95% fee-based earnings across segments and targets annual dividend growth of 3-4%. The company aims to achieve a debt-to-EBITDA ratio of approximately 3.5 times by 2026, while focusing on volume growth and synergies from recent acquisitions, particularly in the Permian Basin and Gulf Coast region.

ONEOK (NYSE: OKE) reported strong financial results for Q4 and full-year 2024, with notable increases compared to 2023. Fourth-quarter net income including noncontrolling interests reached $1.0 billion, with net income per diluted share at $1.57. Full-year results showed net income of $3.1 billion and adjusted EBITDA of $6.78 billion.

The company demonstrated operational growth with a 3% increase in Rocky Mountain region NGL throughput, 4% increase in crude oil shipments, and 11% increase in total wells connected during Q4. In January 2025, ONEOK increased its quarterly dividend by 4% to $1.03 per share and has repurchased 1.675 million shares for $171.7 million under its $2 billion share repurchase program.

Key developments include the completion of MB-6 fractionator, West Texas NGL Pipeline expansion, Elk Creek pipeline expansion, and strategic acquisitions of Medallion Midstream and EnLink Midstream. The company also divested an interstate natural gas pipeline for $1.2 billion and announced plans for a new 400,000-bpd LPG export terminal joint venture in Texas City.

ONEOK (NYSE: OKE) and MPLX LP have announced joint ventures to build a new 400,000-barrel per day LPG export terminal in Texas City and a 24-inch pipeline from Mont Belvieu to the terminal. The export terminal joint venture, Texas City Logistics (TCX), is equally owned by both companies, with MPLX handling construction and operations. The facility is expected to be completed in early 2028 with a total investment of $1.4 billion split equally.

The pipeline joint venture, MBTC Pipeline , is owned 80% by ONEOK and 20% by MPLX, with ONEOK managing construction and operations. The total pipeline investment is $350 million. ONEOK's total share of capital investment for both projects is approximately $1.0 billion. The terminal will primarily handle low ethane propane and normal butane, with each company reserving 200,000-bpd capacity for their customers.

MPLX LP reported strong financial results for full-year 2024, with net income of $4.3 billion and adjusted EBITDA of $6.8 billion, representing increases of 10% and 8% year-over-year, respectively. The company returned $3.9 billion to unitholders through distributions and unit repurchases.

Key operational highlights include increased pipeline throughputs of 5.9 million barrels per day and terminal throughput of 3.1 million bpd. The company announced significant expansion plans including a new Gulf Coast fractionation complex with two 150,000 bpd facilities and a strategic partnership with ONEOK for a 400,000 bpd LPG export terminal.

For 2025, MPLX outlined a $2.0 billion capital spending plan, with $1.45 billion allocated to Natural Gas and NGL Services growth. The company maintained a strong financial position with $1.5 billion in cash and a leverage ratio of 3.1x.

Marathon Petroleum Corp. (MPC) reported Q4 2024 net income of $371 million ($1.15 per diluted share), down from $1.5 billion ($3.84 per diluted share) in Q4 2023. The company's adjusted net income was $249 million ($0.77 per diluted share) compared to $1.5 billion ($3.98 per diluted share) in Q4 2023.

For full-year 2024, MPC generated net cash from operations of $8.7 billion and returned $10.2 billion to shareholders through share repurchases and dividends. The company's Midstream segment showed 6% EBITDA growth. Q4 2024 adjusted EBITDA was $2.1 billion, versus $3.6 billion in Q4 2023.

MPC established a new Renewable Diesel segment and announced its 2025 standalone capital outlook of $1.25 billion. The company maintained strong liquidity with $3.2 billion in cash and equivalents, including $1.5 billion at MPLX, plus $5 billion available on its credit facility.

ONEOK (NYSE: OKE) has successfully completed its acquisition of EnLink Midstream, as announced on January 31, 2025. The transaction was approved by EnLink unitholders on January 30, 2025. As part of the deal, EnLink unitholders received 0.1412 shares of ONEOK common stock for each outstanding EnLink common unit, and EnLink common units have been delisted from the NYSE.

The strategic acquisition strengthens ONEOK's integrated midstream business platform, which includes a 60,000-mile pipeline network for transporting natural gas, natural gas liquids (NGLs), refined products, and crude oil. EnLink brings additional infrastructure assets in key production basins and demand centers, including the Permian Basin, Louisiana, Oklahoma, and North Texas, along with CO2 transportation capabilities for carbon capture and sequestration (CCS).