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) reported a net income of $134.3 million, or 32 cents per diluted share, for Q2 2020, down from $312 million in Q2 2019. Its adjusted EBITDA was $533.9 million, reflecting production curtailments and lower commodity prices. The company holds over $945 million in cash. Due to ongoing market uncertainties, ONEOK expects its 2020 net income and adjusted EBITDA to be at the low end of earlier ranges. The dividend declared for Q3 is $0.935 per share, indicating continued shareholder returns amidst challenging conditions.
The board of directors of ONEOK declared a quarterly dividend of 93.5 cents per share, consistent with the previous quarter, marking an annualized dividend of $3.74 per share. This dividend is scheduled for payment on August 14, 2020, to shareholders of record as of August 3, 2020. ONEOK is a leading midstream service provider in the natural gas liquids sector and is included in the FORTUNE 500 and S&P 500.
ONEOK, Inc. (NYSE: OKE) will announce its second quarter 2020 earnings on July 28, 2020, after market closure. Management will hold a conference call on July 29, 2020, at 11 a.m. EDT. To join the call, dial 800-263-0877 and enter pass code 5528862, or access the webcast on ONEOK's website. A replay of the call will be available for 30 days on their site and by phone for 7 days. ONEOK is a leading midstream service provider and is part of the S&P 500, focusing on natural gas liquids systems across multiple regions.
ONEOK, Inc. (NYSE: OKE) will participate in the J.P. Morgan Energy, Power and Renewables Virtual Conference on June 16-17, 2020. Investor materials will be available on the company's website starting at 8 a.m. Eastern Daylight Time on June 16, 2020. As a leading midstream service provider, ONEOK owns a premier natural gas liquids (NGL) system connecting key market regions with extensive gathering, processing, storage, and transportation assets. The company is part of the FORTUNE 500 and included in the S&P 500 index.