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ONEOK, Inc. - OKE STOCK NEWS

Welcome to our dedicated page for ONEOK news (Ticker: OKE), a resource for investors and traders seeking the latest updates and insights on ONEOK stock.

ONEOK, Inc. (NYSE: OKE) is a leading diversified energy company involved in the gathering, processing, storage, and transportation of natural gas and natural gas liquids (NGLs) across 14 states in the U.S. ONEOK serves as the general partner of ONEOK Partners, L.P., one of the largest publicly traded master limited partnerships. This partnership boasts one of the nation’s premier NGL systems, connecting supply from the Mid-Continent, Permian, and Rocky Mountain regions to key market centers.

Headquartered in Tulsa, Oklahoma, and featured in the Fortune 500 and Standard & Poor’s 500 stock index, ONEOK operates over 50,000 miles of pipeline. Their infrastructure is vital in meeting both domestic and international energy demands, contributing significantly to energy security by providing safe, reliable, and responsible energy solutions.

ONEOK recently released their third quarter 2023 earnings, showing increased net income and adjusted EBITDA. This growth was driven by higher NGL volumes, increased natural gas processing volumes, and improved transportation and storage services. The quarter also included contributions from the newly acquired refined products and crude segment, thanks to their acquisition of Magellan Midstream Partners.

In January 2024, ONEOK disclosed higher fourth quarter and full-year 2023 financial results, projecting further growth for 2024. The company’s strong performance is supported by increased volumes across their systems, higher average fee rates, and contributions from the refined products and crude segment.

In April 2024, ONEOK reported first quarter 2024 results, continuing their trend of solid financial performance. The company increased their full-year 2024 financial guidance, driven by higher year-over-year volumes, positive synergy outlook, and robust asset performance.

In May 2024, ONEOK announced their acquisition of a system of NGL pipelines from Easton Energy for approximately $280 million. This strategic acquisition enhances their connectivity to the critical Gulf Coast supply and demand centers, accelerating commercial synergies and future earnings growth.

As ONEOK continues to integrate its operations and expand its infrastructure, it remains committed to maximizing investor value through disciplined capital growth opportunities, maintaining a strong balance sheet, and delivering essential energy services.

For more information about ONEOK, visit their website: www.oneok.com. Stay updated with the latest news by following ONEOK on LinkedIn, Facebook, X, and Instagram.

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ONEOK (NYSE: OKE) has announced plans to expand its pipeline capacity connecting Mid-Continent and Gulf Coast refined products supply with the greater Denver area. The project includes:

  • Construction of a new 230-mile, 16-inch diameter pipeline from Scott City, Kansas, to Denver International Airport (DIA)
  • Addition or upgrading of pump stations along the existing refined products pipeline system
  • Increase in total system capacity by 35,000 barrels per day
  • Estimated cost of $480 million
  • Expected completion in mid-2026

The project is fully subscribed under long-term contracts and aims to meet growing demand for refined products and renewable fuels in the Denver area, including aviation and sustainable aviation fuel for DIA's expansion.

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ONEOK (NYSE: OKE), a leading midstream operator, has declared a quarterly dividend of 99 cents per share, unchanged from the previous quarter. This results in an annualized dividend of $3.96 per share. The dividend is payable on Aug. 14, 2024, to shareholders of record at the close of business on Aug. 1, 2024.

ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma, with a 50,000-mile pipeline network. The company provides gathering, processing, fractionation, transportation, and storage services for natural gas, natural gas liquids (NGLs), refined products, and crude oil across North America.

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ONEOK (NYSE: OKE), a leading midstream operator, will release its second quarter 2024 earnings on August 5, 2024, after market close.

The company will hold a conference call and webcast to discuss the earnings at 11 a.m. Eastern on August 6, 2024.

Participants can join via phone or online, with replays available on ONEOK's website for a year.

ONEOK operates a 50,000-mile pipeline network transporting natural gas, NGLs, refined products, and crude, supporting domestic and international energy demands.

Headquartered in Tulsa, Oklahoma, ONEOK is part of the S&P 500.

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ONEOK, Inc. (NYSE: OKE) announced that the 2023 Schedule K-3s for Magellan Midstream Partners, L.P. are now available online. Former Magellan unitholders can access these documents at www.taxpackagesupport.com/mmp. These documents are important for certain investors, particularly foreign unitholders and those computing foreign tax credits. On September 25, 2023, ONEOK acquired all outstanding common units of Magellan in a cash and stock transaction, making Magellan units no longer publicly traded. ONEOK is a leading midstream operator delivering essential energy products and services, operating a 50,000-mile pipeline network that supports both domestic and international energy demands. For more information, visit www.oneok.com.

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ONEOK (NYSE: OKE) announced its participation in the J.P. Morgan Energy, Power and Renewables Conference, scheduled for June 18, 2024, in New York. The company, a leading midstream operator, will engage in investor meetings to discuss their extensive pipeline network, which spans over 50,000 miles and includes natural gas, NGLs, refined products, and crude transportation. As a major player in North America's energy infrastructure, ONEOK emphasizes its role in energy security and reliability. The company, headquartered in Tulsa, Oklahoma, is part of the S&P 500. Investors can access the latest materials on the ONEOK website.

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ONEOK has completed its acquisition of a natural gas liquids (NGL) pipeline system from Easton Energy for $280 million. This strategic move is expected to provide immediate earnings and expand ONEOK's NGL asset portfolio. The acquisition includes 450 miles of pipelines in the Gulf Coast, enhancing connectivity between supply and demand centers. The assets will be integrated with ONEOK's existing infrastructure in Mont Belvieu and Houston. CEO Pierce H. Norton II emphasized the commercial synergies from this acquisition, following their recent purchase of Magellan assets.

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ONEOK (NYSE: OKE) will participate in investor meetings at the Bernstein Strategic Decisions Conference on May 29-30, 2024, in New York.

ONEOK is a leading midstream operator in North America with a 50,000-mile pipeline network transporting natural gas, NGLs, refined products, and crude. The company aims to meet energy demands and provide reliable energy solutions.

ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma. For more information, visit www.oneok.com.

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ONEOK (NYSE: OKE) will attend the Citi Energy and Climate Technology Conference on May 14, 2024, in Boston. The company’s investor materials are accessible on their website.

ONEOK operates a 50,000-mile pipeline network, delivering natural gas, NGLs, refined products, and crude oil to meet energy demands both domestically and internationally. Recognized as a leading midstream operator, ONEOK focuses on gathering, processing, fractionation, transportation, and storage services. The company emphasizes energy security and reliable, responsible energy solutions.

Headquartered in Tulsa, Oklahoma, ONEOK is part of the S&P 500 and is dedicated to making a positive impact on global energy needs.

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Easton Energy, a Houston-based midstream company, has agreed to sell its Gulf Coast Liquids Pipeline System to ONEOK, Inc. for $280 million. The system consists of 450 miles of NGL and hydrocarbon pipelines in Texas and Louisiana. Easton will retain its NGL and olefins storage business in Markham, Texas. The sale will allow Easton to focus on its storage business, with a transaction expected to close in mid-2024.

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ONEOK, Inc. (NYSE: OKE) has agreed to acquire a system of NGL pipelines from Easton Energy for $280 million, enhancing connectivity in the Gulf Coast market centers. The acquisition aims to accelerate commercial synergies, connecting pipelines to ONEOK's existing infrastructure in Mont Belvieu, Texas, and Houston. The transaction is expected to close mid-year 2024, subject to customary conditions.

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FAQ

What is ONEOK, Inc.?

ONEOK, Inc. is a diversified energy company involved in the gathering, processing, storage, and transportation of natural gas and natural gas liquids across 14 states in the U.S.

Where is ONEOK headquartered?

ONEOK is headquartered in Tulsa, Oklahoma.

What recent acquisition did ONEOK make?

In May 2024, ONEOK acquired a system of NGL pipelines from Easton Energy for approximately $280 million.

What are the primary services provided by ONEOK?

ONEOK provides gathering, processing, storage, and transportation of natural gas, as well as transportation and fractionation of natural gas liquids.

How extensive is ONEOK’s pipeline network?

ONEOK operates over 50,000 miles of pipeline.

What are ONEOK’s recent financial highlights?

ONEOK reported higher third quarter 2023 earnings, increased full-year 2023 results, and raised their 2024 financial guidance, reflecting strong performance across their operations.

Is ONEOK included in any major stock indices?

Yes, ONEOK is included in the Standard & Poor’s 500 stock index.

How does ONEOK contribute to energy security?

ONEOK’s extensive pipeline network ensures the reliable transportation of natural gas and NGLs, which is crucial for meeting domestic and international energy demands and contributing to energy security.

What role does ONEOK play in the natural gas industry?

ONEOK is a leader in the gathering, processing, storage, and transportation of natural gas and NGLs in the U.S.

How can I stay updated with ONEOK’s latest news?

For the latest news about ONEOK, visit their website at www.oneok.com and follow them on LinkedIn, Facebook, X, and Instagram.

ONEOK, Inc.

NYSE:OKE

OKE Rankings

OKE Stock Data

47.29B
583.65M
0.19%
70.01%
1.44%
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