ONEOK Announces Board Transitions

Rhea-AI Summary

ONEOK (NYSE: OKE) announced that directors Gerald B. Smith and Pattye L. Moore will retire from the board at the end of their current terms on May 20, 2026, the company’s 2026 Annual Meeting date. Smith’s retirement follows the company’s mandatory director retirement age policy; Moore elected to retire.

Smith joined the board in 2020; Moore joined in 2002. Company leaders thanked both for their long service and guidance during the firm’s transformation into a large midstream infrastructure operator.

Positive

• Orderly board transition scheduled for May 20, 2026
• Pattye L. Moore brings 24 years of board service
• Board change follows existing governance policy for retirements

Negative

• Loss of two directors representing a combined 30 years of board tenure
• Departure of long‑tenured director could reduce institutional knowledge

Key Figures

Retirement date: May 20, 2026 Board tenure Smith: Since 2020 Board tenure Moore: Since 2002 +5 more

8 metrics

Retirement date May 20, 2026 Retirement of Gerald B. Smith and Pattye L. Moore from board

Board tenure Smith Since 2020 Gerald B. Smith service on ONEOK board

Board tenure Moore Since 2002 Pattye L. Moore service on ONEOK board

Pipeline network length 60,000 miles Midstream pipeline footprint described in company profile

Stock price $90.86 Pre-news price from market context

Price change 1.13% 24-hour price change prior to news

52-week high $103.64 Upper end of 52-week trading range

52-week low $64.02 Lower end of 52-week trading range

Market Reality Check

Price: $93.57 Vol: Volume 3,091,530 is 0.55x...

low vol

$93.57 Last Close

Volume Volume 3,091,530 is 0.55x the 20-day average of 5,664,947, suggesting subdued trading interest pre-announcement. low

Technical Price at $90.86 is above the 200-day MA of $76.50 and about 12.34% below the $103.64 52-week high, well above the $64.02 52-week low.

Peers on Argus

OKE gained 1.13% with light relative volume while key midstream peers like MPLX,...

1 Up

OKE gained 1.13% with light relative volume while key midstream peers like MPLX, TRGP, KMI, TRP and EPD also showed positive price changes between 0.28% and 2.3%. Momentum scanner data, however, flagged only one peer (VG, up 1.09%) and classified this as not a broad sector move.

Historical Context

5 past events · Latest: 2026-03-03 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
2026-03-03	Annual meeting setup	Neutral	-0.0%	Set virtual 2026 annual meeting date and record date for voting.
2026-01-26	Board additions	Positive	+0.3%	Added two independent directors with energy, finance and governance experience.
2026-01-21	Dividend increase	Positive	+3.6%	Raised quarterly dividend 4% to $1.07 per share, $4.28 annualized.
2026-01-15	AI research update	Positive	-3.3%	WiMi announced quantum hybrid neural network for image classification.
2025-12-08	Investor conference	Neutral	+0.0%	Participation in investor conference with live and replay webcast access.

Pattern Detected

Recent ONEOK headlines (dividends, governance, meetings, conferences) have usually seen small price reactions, with one larger upside move on a dividend increase and one divergence on an unrelated AI news item.

Recent Company History

Over the last several months, ONEOK’s news flow has focused on corporate actions and shareholder engagement. The company scheduled its 2026 annual meeting for May 20, 2026, after previously announcing new independent directors in late January. A key milestone was a 4% increase in the quarterly dividend to $1.07 per share, which coincided with a stronger positive price reaction. Routine items like an investor conference in December 2025 produced minimal movement. Today’s board transition update fits into this governance-focused pattern around the upcoming annual meeting.

Market Pulse Summary

This announcement outlines planned retirements of two long-serving directors at the May 20, 2026 ann...

Analysis

This announcement outlines planned retirements of two long-serving directors at the May 20, 2026 annual meeting, fitting into ONEOK’s recent stream of governance and shareholder-related updates. The company entered the news with shares around $90.86, above the $76.50 200‑day moving average and between its $64.02 52-week low and $103.64 high. Investors following ONEOK may track how upcoming board refreshment complements its large 60,000-mile midstream footprint and recent dividend growth when evaluating longer-term positioning.

Key Terms

midstream, fractionation, natural gas liquids (NGLs), S&P 500

4 terms

midstream technical

"We are a leading midstream operator that provides gathering, processing, fractionation..."

Midstream refers to the phase in the energy supply chain that involves the transportation, storage, and processing of oil and natural gas after extraction from the ground, but before they are refined into usable products. For investors, midstream companies are important because they often generate steady income through fees for moving and storing energy resources, making them a key link between resource producers and consumers.

fractionation technical

"We are a leading midstream operator that provides gathering, processing, fractionation, transportation..."

Fractionation is the process of separating a complex biological or chemical material into its individual parts so each can be used, tested or sold separately; in healthcare this most often means splitting blood plasma into proteins like antibodies or albumin. For investors it matters because fractionation determines how much usable product a facility can make, the cost and regulatory hurdles of manufacturing, and the potential revenue and supply risks — like turning a raw ingredient into multiple sellable products, similar to refining crude oil into gasoline and other fuels.

natural gas liquids (NGLs) technical

"we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil..."

Natural gas liquids (NGLs) are a group of light hydrocarbons — such as ethane, propane, butane and natural gasoline — that are separated from raw natural gas when it is processed. Think of raw gas as a mixed smoothie and NGLs as the valuable ingredients you can strain out and sell separately. They matter to investors because NGLs provide a distinct revenue stream and price drivers for energy companies, influence cash flow and margins differently than dry natural gas or crude oil, and are key feedstocks for chemical and heating markets.

S&P 500 financial

"ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma."

The S&P 500 is a broad stock market index that tracks the performance of 500 large U.S. companies, weighted so bigger firms have a larger impact. Investors use it like a thermometer or benchmark to judge how the overall U.S. stock market or a portfolio is doing; movements in the index influence investor sentiment, fund performance, and many passive investment products that aim to match its returns.

AI-generated analysis. Not financial advice.

Gerald B. Smith and Pattye L. Moore to Retire from ONEOK Board of Directors

TULSA, Okla., March 25, 2026 (GLOBE NEWSWIRE) -- ONEOK, Inc. (NYSE: OKE) today announced that directors Gerald B. Smith and Pattye L. Moore will retire from the company’s board of directors at the end of their current terms on May 20, 2026, the date of the company’s 2026 Annual Meeting of Shareholders.

Smith will retire in accordance with ONEOK’s mandatory director retirement age policy and Moore has elected to retire.

“Over the course of their many years of service, Gerald and Pattye have demonstrated a deep commitment to ONEOK and its long‑term success,” said Julie H. Edwards, chair of ONEOK’s board of directors. “During their tenure, the company has undergone significant transformation and we are very grateful for the expertise, judgment and many meaningful contributions they have brought to ONEOK through that period.”

Smith has served on ONEOK’s board since 2020. He was the founder, chairman and chief executive officer of Smith, Graham & Company Investment Advisors.

Moore has served on ONEOK’s board since 2002. She is the former chairman of Red Robin Gourmet Burgers and former president of Sonic Corp.

“On behalf of ONEOK’s management team and employees, I want to thank Gerald and Pattye for their years of service and the guidance they’ve provided,” said Pierce H. Norton II, ONEOK president and CEO. “Their counsel and oversight have helped shape the decisions that strengthened ONEOK into the premier midstream infrastructure company it is today and we’re grateful for the lasting impact they’ve made.”

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At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. Through our approximately 60,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest integrated energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world.

ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma.

For information about ONEOK, visit the website: www.oneok.com. For the latest news about ONEOK, find us on LinkedIn, Facebook, X and Instagram.

Megan Patterson
918-561-5325
ONEOKInvestorRelations@oneok.com

Charlsey Phillips
918-510-1664
Media@oneok.com

FAQ

Who is retiring from the ONEOK board and when will their terms end (NYSE: OKE)?

Gerald B. Smith and Pattye L. Moore will retire, with terms ending on May 20, 2026. According to the company, that date coincides with ONEOK’s 2026 Annual Meeting of Shareholders.

Why is Gerald B. Smith retiring from ONEOK’s board (OKE)?

Gerald B. Smith is retiring in accordance with ONEOK’s mandatory director retirement age policy. According to the company, his departure follows the governance rule on director age limits.

How long has Pattye L. Moore served on the ONEOK board (NYSE: OKE)?

Pattye L. Moore has served on the board since 2002, totaling 24 years of service. According to the company, she has elected to retire at the conclusion of her current term.

Will these ONEOK board retirements affect corporate leadership or operations (OKE)?

The company frames the retirements as planned board transitions, not management changes. According to ONEOK, leadership thanked both directors for guidance that helped shape the company’s transformation.

When is ONEOK’s 2026 Annual Meeting of Shareholders where the retirements take effect (NYSE: OKE)?

The retirements become effective on May 20, 2026, the date of the 2026 Annual Meeting. According to the company, both directors’ terms end on that meeting date.

How might investors interpret the ONEOK (OKE) board departures announced March 25, 2026?

Investors may view the retirements as a governance‑driven board refresh that reduces long‑tenured oversight. According to the company, the departures follow policy and an elected retirement, with leadership expressing gratitude for their service.