ONEOK, Inc. - $OKE STOCK NEWS

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.

ONEOK, Inc. (NYSE: OKE) has declared a quarterly dividend of 99 cents per share, maintaining the previous quarter's rate, leading to an annualized dividend of $3.96 per share. The dividend will be paid on May 15, 2024, to shareholders of record as of May 1, 2024. ONEOK is a prominent midstream operator in North America, providing essential energy services through its extensive pipeline network.

ONEOK, Inc. (OKE) will announce first quarter 2024 earnings on April 30, 2024, with a conference call on May 1, 2024. ONEOK is a leading midstream operator providing essential energy services.

ONEOK, Inc. (NYSE: OKE) will participate in investor meetings at the J.P. Morgan Utilities & Midstream Forum on March 28, 2024. ONEOK is a leading midstream operator providing essential energy services through its extensive pipeline network. The company focuses on delivering energy products crucial for domestic and international energy demand, ensuring energy security and sustainability.

ONEOK, Inc. (OKE) will participate in investor conferences in March 2024, showcasing its energy products and services. As a leading midstream operator with a vast pipeline network, ONEOK plays a crucial role in meeting energy demands domestically and internationally. With a focus on energy security and responsible solutions, ONEOK is a key player in the energy infrastructure sector.

ONEOK, Inc. (NYSE: OKE) announces its 2024 annual meeting of shareholders to be held virtually on May 22, 2024. The company, a leading midstream operator, emphasizes its role in providing essential energy products and services worldwide.

ONEOK, Inc. (OKE) reported higher fourth-quarter and full-year 2023 results, with a 20% increase in Rocky Mountain region NGL raw feed throughput volumes and a 17% increase in Gulf Coast/Permian region NGL raw feed throughput volumes. The company announced 2024 financial guidance with a net income midpoint of $2.8 billion and adjusted EBITDA midpoint of $6.1 billion. ONEOK continues to prioritize synergy opportunities post the Magellan acquisition, targeting additional annual synergies in 2025 and 2026. The company aims to return value to investors through dividend growth and share repurchases.