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 an S&P 500 midstream energy operator in the natural gas distribution industry, headquartered in Tulsa, Oklahoma. This news page aggregates company-specific updates, allowing readers to follow how ONEOK manages and expands its natural gas, natural gas liquids (NGLs), refined products and crude oil operations across its extensive pipeline and facility network.
News about ONEOK commonly includes announcements of quarterly and annual earnings, financial guidance updates and details on segment performance across natural gas liquids, refined products and crude, natural gas gathering and processing, and natural gas pipelines. The company also issues news releases about investor conference participation, earnings conference calls and webcasts, and dividend declarations.
Operational and project-related news can cover topics such as new processing plants, long-haul pipeline joint ventures, capacity expansions and updates on facilities like fractionation complexes. ONEOK has also reported on incidents at its facilities, along with subsequent operational responses and safety information, providing insight into how it manages its infrastructure.
For investors and observers of the utilities and midstream energy space, ONEOK’s news flow offers a view into how the company approaches growth projects, financing activities, acquisitions and integration efforts, as well as how volumes and market conditions affect its system. This page brings together these updates so readers can monitor developments related to OKE over time.
ONEOK, Inc. (NYSE: OKE) will attend the Wells Fargo Midstream, Utility and Renewables Symposium on December 8-9, 2021. Management is scheduled for a fireside chat on December 8 at 2:40 p.m. EST. Investors can access a live webcast and relevant materials at ir.oneok.com. ONEOK is a leading midstream service provider, operating a premier network of natural gas liquids (NGL) systems across key regions. The company is recognized as a FORTUNE 500 entity and is included in the S&P 500.
ONEOK, Inc. (NYSE: OKE) announced the resumption of two natural gas and NGL infrastructure projects due to rising producer activity and improving demand. The Demicks Lake III facility will process 200 MMcf/d of natural gas at a cost of approximately $140 million, while the MB-5 fractionator will handle 125,000 bpd of NGL at a cost of about $250 million. Both projects are expected to enhance throughput capacity in key regions, with completion dates set for early and late 2023, respectively.
ONEOK, Inc. (NYSE: OKE), a leading midstream service provider, will participate in the Bernstein Operational Decisions Conference on Nov. 4, 2021. This conference highlights ONEOK's role as a key player in the natural gas liquids (NGL) industry, connecting supply across various regions with critical market centers. Investor materials can be found on ONEOK's website. The company is a FORTUNE 500 member and included in the S&P 500 index.
ONEOK, Inc. reported a 26% increase in net income to $392 million for Q3 2021, translating to 88 cents per diluted share. Adjusted EBITDA also rose by 16% to $865.2 million. The company has raised its full-year net income guidance by 10% to a midpoint of $1.49 billion and adjusted EBITDA guidance by 5% to $3.375 billion. Factors driving these increases include growth in Rocky Mountain region natural gas volumes and higher commodity prices. Additionally, ONEOK announced a greenhouse gas reduction target.
ONEOK, Inc. (NYSE: OKE) has declared a quarterly dividend of 93.5 cents per share, maintaining the same amount from the previous quarter. This results in an annualized dividend of $3.74 per share. The dividend will be payable on Nov. 15, 2021, to shareholders on record as of Nov. 1, 2021. ONEOK is recognized as a leading midstream service provider with a significant presence in the natural gas liquids market, and is included in the FORTUNE 500 and S&P 500 index.
ONEOK, Inc. (NYSE: OKE) will announce its third quarter 2021 earnings on Nov. 2, 2021, after market close. An executive conference call is scheduled for 11 a.m. Eastern on Nov. 3, 2021, which will also be streamed on ONEOK's website. Investors can participate via phone by calling 800-367-2403 and using pass code 2571760. The earnings call will provide insights on performance and future outlook. Replays will be available for both the webcast and by phone for a limited time.
ONEOK, Inc. (NYSE: OKE) has set a target to achieve a 30% reduction in greenhouse gas (GHG) emissions by 2030, equating to 2.2 million metric tons from a 2019 baseline. This commitment reflects the company's dedication to reducing its Scope 1 and 2 emissions, which totaled 7.2 million metric tons in 2019. The initiative includes electrifying natural gas compression assets and collaborating with utilities to promote lower-carbon power options. This target complements existing internal environmental goals and is part of ONEOK's broader strategy for a lower-carbon economy.
ONEOK, Inc. (NYSE: OKE) will participate in virtual meetings at the Barclays CEO Energy-Power Conference on Sept. 8-9, 2021. Management will engage in a fireside chat on Sept. 9 at 9:10 a.m. EDT. A link to the live webcast and investor materials is available at ir.oneok.com. ONEOK is a leading midstream service provider with a top-tier natural gas liquids system. The company is a FORTUNE 500 and S&P 500 member.
ONEOK, Inc. (NYSE: OKE) will participate in virtual meetings at the Citi Midstream Energy Infrastructure Conference on Aug. 18-19, 2021. This leading midstream service provider is a top owner of natural gas liquids (NGL) systems, connecting supply in the Rocky Mountain, Mid-Continent, and Permian regions with extensive market centers. As a FORTUNE 500 entity included in the S&P 500, ONEOK is committed to sharing its latest investor materials, which are available on its official website at www.oneok.com.
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.