Oneok Inc Stock Price, News & Analysis

ONEOK, Inc. (NYSE: OKE) reported a significant increase in Q2 2021 financial results, with net income reaching $342.1 million or $0.77 per share, a notable rise from $134.3 million in Q2 2020. Adjusted EBITDA surged 50% to $801.5 million, driven by substantial growth in the Rocky Mountain region's natural gas and NGL volumes. The company anticipates 2021 results to exceed previous guidance, with net income projected between $1,200 million and $1,500 million and adjusted EBITDA between $3,050 million and $3,350 million.

ONEOK, Inc. (NYSE: OKE) announced a quarterly dividend of 93.5 cents per share, maintaining the same rate from the previous quarter. This results in an annualized dividend of $3.74 per share. The dividend payment is scheduled for Aug. 16, 2021, to shareholders on record by Aug. 2, 2021. As a leading midstream service provider, ONEOK is integrated into key markets, particularly in natural gas liquids (NGL). The company is also included in the S&P 500 and FORTUNE 500 lists.

ONEOK, Inc. (NYSE: OKE) will announce its second quarter 2021 earnings after market close on August 3, 2021. An executive conference call is scheduled for August 4, 2021, at 11 a.m. EDT, where management will discuss the results. Investors can join by dialing 800-367-2403 with pass code 1023039 or through a live webcast on the company's website. A replay will be available for 30 days online and via telephone for seven days. ONEOK is a prominent provider in the midstream sector with a strong NGL system, included in the FORTUNE 500 and S&P 500.

ONE Gas announces Robert S. McAnnally as the new president and CEO, effective June 28, 2021, succeeding Pierce H. Norton II. McAnnally, who has been with the company for six years, was previously COO and will also join the Board of Directors. Curtis L. Dinan will take over McAnnally's role as COO. This transition follows an ongoing succession planning process aimed at maintaining operational and financial performance. ONE Gas provides service to over 2.2 million customers across Kansas, Oklahoma, and Texas and is a leading natural gas utility in the U.S.

ONEOK, Inc. (NYSE: OKE) will engage in virtual investor meetings at the Bernstein Strategic Decisions Conference on June 2, 2021. Participants can access investor materials on ONEOK's official website, www.oneok.com. ONEOK is recognized as a top midstream service provider, owning a significant portion of the nation's natural gas liquids systems across key regions. The company is also part of the FORTUNE 500 and S&P 500.

ONE Gas, Inc. (NYSE: OGS) announced the retirement of its president and CEO, Pierce H Norton II, effective June 27, 2021. Following his departure, Norton will become the CEO of ONEOK Inc. (NYSE: OKE) on June 28, 2021. The Corporate Governance Committee is actively working to recommend Norton's successor. Since its formation in 2014, ONE Gas has developed a culture focused on stakeholder value and is recognized as one of the largest natural gas utilities in the U.S., serving over 2.2 million customers in Kansas, Oklahoma, and Texas.

On May 25, 2021, ONEOK, Inc. (NYSE: OKE) announced the retirement of CEO Terry K. Spencer, effective September 30, 2021, after 20 years with the company. Pierce H. Norton II, currently CEO of ONE Gas, Inc. (NYSE: OGS), will succeed him on June 28, 2021. The leadership transition follows a planned succession process, highlighting Norton's extensive experience in the natural gas sector. Spencer will assist in the transition and remain a board member until retirement. The Board expressed gratitude for Spencer's contributions during challenging times.

ONEOK, Inc. (NYSE: OKE) announced its participation in the Citi Global Energy and Utilities Virtual Conference scheduled for May 11-12, 2021. The company, a leading midstream service provider, operates one of the top natural gas liquids systems in the U.S., connecting supply across key regions to market centers. ONEOK is a FORTUNE 500 and S&P 500 company. Investor materials can be found on www.oneok.com. For more updates, ONEOK is active on social media platforms like LinkedIn, Instagram, Facebook, and Twitter.

ONEOK, Inc. (NYSE: OKE) reports strong first quarter 2021 results with a net income of $386.2 million, or 86 cents per diluted share, a significant improvement from a net loss of $141.9 million in Q1 2020. Adjusted EBITDA surged 24% to $866.4 million. The company has raised its 2021 financial guidance, with a midpoint net income projected at $1.35 billion and diluted EPS at $3.02. Factors contributing to this growth include increased natural gas and NGL sales in the Rocky Mountain region and improved market conditions despite challenges from severe winter weather.