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) has appointed Gerald B. Smith to its board of directors effective December 15, 2020. Smith, previously a board member from 2009 to 2013, is the founder and CEO of Smith, Graham & Company Investment Advisors. He brings extensive experience from various leadership positions in investment management and finance. The board also announced the resignation of Gary Parker, who served since 1991, in line with corporate governance guidelines. This change is expected to enhance board effectiveness and shareholder interests.
ONEOK, Inc. (NYSE: OKE) will participate in the Wells Fargo Virtual Midstream and Utility Symposium on December 8-9, 2020. This leading midstream service provider is known for its extensive natural gas liquids (NGL) systems that connect supply across the Rocky Mountain, Mid-Continent, and Permian regions to key market centers. As a FORTUNE 500 company listed in the S&P 500, ONEOK enhances its visibility and investor relations with the latest materials available on their website.
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ONEOK, Inc. (NYSE: OKE) will participate in the RBC Capital Markets Midstream and Energy Infrastructure Virtual Conference on Nov. 18, 2020. As a leading midstream service provider, ONEOK operates a premier natural gas liquids system across key regions in the U.S. including the Rocky Mountain, Mid-Continent, and Permian areas. The company is a member of the FORTUNE 500 and S&P 500. Investor materials can be accessed on their website: www.oneok.com.
ONEOK reported strong third quarter 2020 results, with net income of $312.3 million (70 cents per share) and a 15% increase in adjusted EBITDA to $747 million compared to Q3 2019. The company saw a 7% rise in natural gas liquids (NGL) throughput and a 16% decrease in operating costs. Additionally, its dividend coverage ratio stood at 1.30 times. The 2020 outlook has been updated, expecting net income and adjusted EBITDA to reach midpoint ranges of $500-$900 million and $2.6-$3 billion, respectively. Key growth was attributed to recovering volumes and completed NGL projects.
ONEOK, Inc. (NYSE: OKE) has declared a quarterly dividend of 93.5 cents per share, maintaining the rate from the previous quarter. This results in an annualized dividend of $3.74 per share. The dividend will be paid on Nov. 13, 2020, to shareholders on record by the close of business on Nov. 2, 2020.
ONEOK is recognized as a leading midstream service provider with a robust natural gas liquids system, enhancing its standing in the S&P 500 and FORTUNE 500 lists.
ONEOK, Inc. (NYSE: OKE) announced it will release its third quarter 2020 earnings on October 27, 2020, after market close. A conference call with executive management will occur on October 28, 2020, at 11 a.m. EDT for discussing the earnings results. Interested parties can join by calling 888-254-3590 (pass code 5700571) or via webcast on the company's website. A replay of the call will be available on the site for 30 days post-event, while a recording will be accessible by phone for seven days.
ONEOK, Inc. (NYSE: OKE) will participate in the Barclays CEO Energy-Power Virtual Conference on Sept. 8-9, 2020. As a leading midstream service provider, ONEOK owns a premier natural gas liquids system, facilitating connections between supply regions and market centers across the Rocky Mountain, Mid-Continent, and Permian areas. The company is a FORTUNE 500 entity and is listed in the S&P 500. Latest investor materials and volume data are accessible on www.oneok.com.
ONEOK, Inc. (NYSE: OKE) will participate in two virtual investor conferences: the Seaport Global Annual Summer Investor Conference on Aug. 26 and the BMO Capital Markets Real Assets Conference on Sept. 2. ONEOK is a leading midstream service provider with a robust natural gas liquids system in the U.S., connecting supplies across key regions. The company is a FORTUNE 500 entity and part of the S&P 500. Investor materials are accessible at www.oneok.com.
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