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) operates a North American midstream energy infrastructure business that provides gathering, processing, fractionation, transportation, storage and marine export services. Its network transports natural gas, natural gas liquids, refined products and crude oil across an integrated pipeline system.
Recurring ONEOK news covers quarterly dividends, earnings releases and financial guidance, throughput trends in natural gas liquids and refined products, investor presentations, annual meeting matters and board governance changes. Company updates also address the operating role of its pipeline, storage and export assets within domestic and international energy markets.
ONEOK, Inc. (NYSE: OKE) is set to release its fourth quarter and year-end 2022 earnings after market close on February 27, 2023. The following day, a conference call led by the executive management will take place at 11 a.m. EST (10 a.m. CST) on February 28, 2023. Investors can join the call by dialing 1-877-883-0383, entry number 4942992, or by visiting www.oneok.com. ONEOK is recognized as a leading midstream service provider, primarily in the natural gas liquids sector.
ONEOK, Inc. (NYSE: OKE) is set to participate in the UBS Winter Infrastructure and Energy Conference from January 10-11, 2023, in Park City, Utah. As a leading midstream service provider, ONEOK operates one of the top natural gas liquids systems in the U.S., linking supplies from the Rocky Mountain, Mid-Continent, and Permian regions to major market centers. The company is also a member of the FORTUNE 500 and the S&P 500. For more details, visit www.oneok.com.
ONEOK has settled its insurance claims for $930 million related to the July 2022 Medford incident, receiving $100 million to date. The remaining payment is due from insurers within 45 days. Following this resolution, ONEOK plans to construct a new 125,000 bpd NGL fractionator at Mont Belvieu, Texas, expected to cost $550 million and complete in 24 months. This facility will enhance their fractionation capacity to meet Gulf Coast demand for purity ethane. The new project is set to improve operational efficiency and align with market trends in NGL supply.
ONEOK, Inc. (NYSE: OKE) announced the submission of a Presidential Permit application to FERC for the construction of the Saguaro Connector Pipeline. This pipeline aims to transport natural gas from the Permian Basin in West Texas to Mexico, enhancing export capabilities. The proposed 155-mile line will have a capacity of 2.8 billion cubic feet per day, linking with facilities in Hudspeth County, Texas, and a new pipeline in Mexico. A final investment decision is anticipated by mid-2023, indicating significant potential for increased revenue and market reach.
ONEOK, Inc. (NYSE: OKE) will take part in the Wells Fargo Midstream and Utilities Symposium on December 7-8, 2022, in New York. Management is scheduled for a fireside chat on December 7 at 1:35 p.m. EST. Interested parties can access a live webcast and replays on ONEOK's website. The company is a leading midstream service provider with a vast network in the natural gas liquids sector, recognized as a FORTUNE 500 company and included in the S&P 500.
ONEOK, Inc. (NYSE: OKE) has announced a pricing of its $750 million offering of 10-year senior notes with a 6.10% coupon. The net proceeds are expected to be $742 million and will primarily be used to repay outstanding amounts under its commercial paper program. If there are excess proceeds, they will be allocated towards other debts or for general corporate purposes. The offering is set to close on Nov. 18, 2022, subject to customary conditions.
ONEOK, Inc. (NYSE: OKE) will attend the Bank of America Global Energy Conference on November 16-17, 2022, in Miami. Management is scheduled for a fireside chat at 2 p.m. EST on November 16. Investors can access the live webcast and additional materials at www.oneok.com. ONEOK is a leading midstream service provider with a premier natural gas liquids system, recognized as a FORTUNE 500 and included in the S&P 500.
ONEOK, Inc. (NYSE: OKE) has updated the dial-in and replay information for its third quarter 2022 earnings conference call, now scheduled for November 2, 2022, at 11 a.m. EDT (10 a.m. CDT). Participants can join the call by dialing 1-877-883-0383 with entry number 5850390 or via ONEOK's website. A replay will be accessible for 90 days on the site, with a phone playback option available for seven days at 1-877-344-7529, access code 8152004. ONEOK is a leading midstream service provider in the NGL sector.
ONEOK, Inc. (NYSE: OKE) reported a 10% increase in third-quarter net income to $431.8 million, translating to 96 cents per diluted share, and a 4% rise in adjusted EBITDA to $902.4 million, compared to 2021 results. The company affirmed its 2022 financial guidance and anticipates over 10% net income growth in 2023, driven by strong fee-based earnings and stable natural gas volumes. ONEOK declared a quarterly dividend of 93.5 cents per share and announced a $100 million insurance recovery related to the Medford incident, which remains out of service.
ONEOK, Inc. (NYSE: OKE) has declared a quarterly dividend of 93.5 cents per share, maintaining the same rate as the previous quarter, which results in an annualized dividend of $3.74 per share. This dividend will be payable on Nov. 14, 2022, to shareholders on record as of Nov. 1, 2022. As a prominent midstream services provider, ONEOK connects key natural gas liquids supply across the U.S., contributing to its inclusion in the S&P 500 and recognition as a FORTUNE 500 company.