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ONEOK Inc (NYSE: OKE) operates essential midstream energy infrastructure connecting natural gas producers to North American markets. This page provides official company announcements, financial updates, and operational developments for investors and industry professionals.
Access real-time updates on earnings reports, infrastructure expansions, and strategic initiatives. Our curated collection ensures you stay informed about OKE's critical role in natural gas processing, NGL transportation, and energy market connectivity.
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ONEOK (NYSE: OKE) will attend the Citi Energy and Climate Technology Conference on May 14, 2024, in Boston. The company’s investor materials are accessible on their website.
ONEOK operates a 50,000-mile pipeline network, delivering natural gas, NGLs, refined products, and crude oil to meet energy demands both domestically and internationally. Recognized as a leading midstream operator, ONEOK focuses on gathering, processing, fractionation, transportation, and storage services. The company emphasizes energy security and reliable, responsible energy solutions.
Headquartered in Tulsa, Oklahoma, ONEOK is part of the S&P 500 and is dedicated to making a positive impact on global energy needs.
Easton Energy, a Houston-based midstream company, has agreed to sell its Gulf Coast Liquids Pipeline System to ONEOK, Inc. for $280 million. The system consists of 450 miles of NGL and hydrocarbon pipelines in Texas and Louisiana. Easton will retain its NGL and olefins storage business in Markham, Texas. The sale will allow Easton to focus on its storage business, with a transaction expected to close in mid-2024.
ONEOK, Inc. (NYSE: OKE) has agreed to acquire a system of NGL pipelines from Easton Energy for $280 million, enhancing connectivity in the Gulf Coast market centers. The acquisition aims to accelerate commercial synergies, connecting pipelines to ONEOK's existing infrastructure in Mont Belvieu, Texas, and Houston. The transaction is expected to close mid-year 2024, subject to customary conditions.
ONEOK Inc. (NYSE: OKE) reported strong first quarter 2024 results, with net income of $639 million and adjusted EBITDA of $1.44 billion. The company increased its 2024 financial guidance with higher earnings per diluted share and adjusted EBITDA, reflecting positive industry fundamentals and synergy expectations. Despite a decrease in adjusted EBITDA in the Natural Gas Liquids segment, overall financial performance was driven by volume increases, transportation services, and contributions from the refined products and crude segment. ONEOK remains focused on integrating assets and maximizing stakeholder value.
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