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.
Overview of ONEOK Inc
ONEOK Inc (NYSE: OKE) is a diversified midstream service provider specializing in the gathering, processing, fractionation, transportation, and storage of natural gas and natural gas liquids (NGLs). With an integrated energy infrastructure network that bridges key production regions and major market centers, ONEOK plays a critical role in connecting upstream supply with downstream demand. The company’s operations span across multiple regions in North America and encompass a broad spectrum of midstream services, making it a pivotal asset in the energy sector.
Core Business and Operations
ONEOK’s business model is centered on providing essential midstream energy services. Its operations include:
- Natural Gas Gathering and Processing: Collecting raw natural gas, processing it to remove impurities, and preparing it for further distribution.
- NGL Fractionation and Transportation: Separating and transporting natural gas liquids through an extensive pipeline network to various market hubs.
- Storage and Logistics: Operating storage facilities that ensure reliability and flexibility in meeting domestic and international energy demand.
- Integrated Refined Products and Crude Oil Services: Connecting producers, refiners, and consumers within a comprehensive supply chain that enhances asset efficiency and market reach.
The company’s infrastructure supports a vast network of pipelines and storage facilities that underpin its operational efficiency and market penetration. By managing key segments of the energy value chain, ONEOK effectively reduces the need for third-party interventions while safeguarding energy security and supply continuity.
Market Position and Competitive Landscape
ONEOK is positioned as one of the largest diversified energy infrastructure companies in North America. Its strategic investments in midstream capacity, including extensive pipeline networks and state-of-the-art processing facilities, underscore its commitment to operational excellence. The company differentiates itself by combining organic growth with strategic acquisitions that enhance its geographical footprint and service offerings. This integrated approach not only delivers a robust asset portfolio but also provides a competitive edge in terms of scalability and reliability, even as market conditions evolve.
Strategic Value Proposition
At its core, ONEOK offers a value proposition built on reliability, connectivity, and operational expertise. The company’s ability to deliver safe, efficient, and timely energy solutions is central to its success. By investing in scalable infrastructure and leveraging synergistic opportunities across its business segments, ONEOK aligns its operations with the evolving demands of the energy market. This balanced approach ensures that stakeholders receive the benefits of a stable, well-integrated midstream platform.
Investment Research and Industry Insights
For investors and industry observers, ONEOK represents a case study in operational integration and strategic asset management. The company’s business trajectory is supported by its extensive midstream network and its capacity to efficiently manage both natural gas and NGLs. With deep expertise in energy infrastructure and an emphasis on sustainable operational practices, ONEOK continues to serve as a critical node in the U.S. energy landscape.
Overall, ONEOK’s comprehensive network of gathering, processing, storage, and transportation facilities exemplifies the efficiencies that can be achieved through a well-integrated energy infrastructure. Its enduring commitment to operational excellence makes it an important entity in understanding the broader dynamics of the midstream energy sector.
ONEOK (NYSE: OKE) has scheduled its first quarter 2025 earnings release for April 29, 2025, after market close, followed by a conference call on April 30, 2025, at 11 a.m. Eastern time. The company will host both a phone conference call and webcast for stakeholders.
ONEOK operates as a leading midstream energy infrastructure company with an extensive 60,000-mile pipeline network focused on gathering, processing, fractionation, transportation, storage, and marine export services. The company specializes in natural gas, natural gas liquids (NGLs), refined products, and crude oil transportation, serving domestic and international energy demands.
ONEOK (NYSE: OKE) has announced its 2025 annual meeting of shareholders, scheduled for May 21, 2025, at 9 a.m. Central Time. The meeting will be conducted virtually through a live webcast, with March 24, 2025, set as the record date for shareholder voting eligibility.
ONEOK operates as a leading midstream energy infrastructure company with an extensive 60,000-mile pipeline network. The company specializes in gathering, processing, fractionation, transportation, and storage services for natural gas, natural gas liquids (NGLs), refined products, and crude oil. As an S&P 500 company based in Tulsa, Oklahoma, ONEOK plays a important role in meeting domestic and international energy demand while focusing on safe and reliable energy solutions.
ONEOK (NYSE: OKE) has announced its 2025 financial guidance and 2026 growth outlook, projecting significant growth across its operations. The company expects a net income midpoint of $3.45 billion for 2025, representing an 11% year-over-year increase, and earnings per diluted share midpoint of $5.37, up 8% year-over-year.
Key 2025 projections include an Adjusted EBITDA midpoint of $8.225 billion, a 21% increase year-over-year, and capital expenditures ranging between $2.8-3.2 billion. The company anticipates over 15% earnings per share growth and nearly 10% adjusted EBITDA growth in 2026.
ONEOK plans to maintain 90-95% fee-based earnings across segments and targets annual dividend growth of 3-4%. The company aims to achieve a debt-to-EBITDA ratio of approximately 3.5 times by 2026, while focusing on volume growth and synergies from recent acquisitions, particularly in the Permian Basin and Gulf Coast region.
ONEOK (NYSE: OKE) reported strong financial results for Q4 and full-year 2024, with notable increases compared to 2023. Fourth-quarter net income including noncontrolling interests reached $1.0 billion, with net income per diluted share at $1.57. Full-year results showed net income of $3.1 billion and adjusted EBITDA of $6.78 billion.
The company demonstrated operational growth with a 3% increase in Rocky Mountain region NGL throughput, 4% increase in crude oil shipments, and 11% increase in total wells connected during Q4. In January 2025, ONEOK increased its quarterly dividend by 4% to $1.03 per share and has repurchased 1.675 million shares for $171.7 million under its $2 billion share repurchase program.
Key developments include the completion of MB-6 fractionator, West Texas NGL Pipeline expansion, Elk Creek pipeline expansion, and strategic acquisitions of Medallion Midstream and EnLink Midstream. The company also divested an interstate natural gas pipeline for $1.2 billion and announced plans for a new 400,000-bpd LPG export terminal joint venture in Texas City.
ONEOK (NYSE: OKE) and MPLX LP have announced joint ventures to build a new 400,000-barrel per day LPG export terminal in Texas City and a 24-inch pipeline from Mont Belvieu to the terminal. The export terminal joint venture, Texas City Logistics (TCX), is equally owned by both companies, with MPLX handling construction and operations. The facility is expected to be completed in early 2028 with a total investment of $1.4 billion split equally.
The pipeline joint venture, MBTC Pipeline , is owned 80% by ONEOK and 20% by MPLX, with ONEOK managing construction and operations. The total pipeline investment is $350 million. ONEOK's total share of capital investment for both projects is approximately $1.0 billion. The terminal will primarily handle low ethane propane and normal butane, with each company reserving 200,000-bpd capacity for their customers.
MPLX LP reported strong financial results for full-year 2024, with net income of $4.3 billion and adjusted EBITDA of $6.8 billion, representing increases of 10% and 8% year-over-year, respectively. The company returned $3.9 billion to unitholders through distributions and unit repurchases.
Key operational highlights include increased pipeline throughputs of 5.9 million barrels per day and terminal throughput of 3.1 million bpd. The company announced significant expansion plans including a new Gulf Coast fractionation complex with two 150,000 bpd facilities and a strategic partnership with ONEOK for a 400,000 bpd LPG export terminal.
For 2025, MPLX outlined a $2.0 billion capital spending plan, with $1.45 billion allocated to Natural Gas and NGL Services growth. The company maintained a strong financial position with $1.5 billion in cash and a leverage ratio of 3.1x.
Marathon Petroleum Corp. (MPC) reported Q4 2024 net income of $371 million ($1.15 per diluted share), down from $1.5 billion ($3.84 per diluted share) in Q4 2023. The company's adjusted net income was $249 million ($0.77 per diluted share) compared to $1.5 billion ($3.98 per diluted share) in Q4 2023.
For full-year 2024, MPC generated net cash from operations of $8.7 billion and returned $10.2 billion to shareholders through share repurchases and dividends. The company's Midstream segment showed 6% EBITDA growth. Q4 2024 adjusted EBITDA was $2.1 billion, versus $3.6 billion in Q4 2023.
MPC established a new Renewable Diesel segment and announced its 2025 standalone capital outlook of $1.25 billion. The company maintained strong liquidity with $3.2 billion in cash and equivalents, including $1.5 billion at MPLX, plus $5 billion available on its credit facility.
ONEOK (NYSE: OKE) has successfully completed its acquisition of EnLink Midstream, as announced on January 31, 2025. The transaction was approved by EnLink unitholders on January 30, 2025. As part of the deal, EnLink unitholders received 0.1412 shares of ONEOK common stock for each outstanding EnLink common unit, and EnLink common units have been delisted from the NYSE.
The strategic acquisition strengthens ONEOK's integrated midstream business platform, which includes a 60,000-mile pipeline network for transporting natural gas, natural gas liquids (NGLs), refined products, and crude oil. EnLink brings additional infrastructure assets in key production basins and demand centers, including the Permian Basin, Louisiana, Oklahoma, and North Texas, along with CO2 transportation capabilities for carbon capture and sequestration (CCS).
EnLink Midstream unitholders have overwhelmingly approved ONEOK's acquisition of the remaining publicly held common units, with approximately 99.8% of voted units (379.1 million units) cast in favor of the transaction. This represents 82.9% of outstanding units voting in favor.
The acquisition is scheduled to close on January 31, 2025, with EnLink common units ceasing trading on the NYSE prior to market open on that date. Upon completion, each outstanding common unit of EnLink not owned by ONEOK will be converted into 0.1412 shares of ONEOK common stock.
ICE announced that Enterprise Products Partners and ONEOK have extended their fee waiver arrangement for crude oil transfers between ECHO and MEH terminals for ICE Midland WTI futures contract (HOU) deliveries until December 31, 2028. The extension comes as physical deliveries of ICE Midland WTI were double that of Cushing WTI in 2024.
The arrangement allows buyers to transfer crude oil between terminals at no cost if their preferred delivery terminal wasn't selected. Over 82 million barrels were delivered through HOU's exchange delivery mechanism in 2024, with 5.5 million HOU futures traded and average daily volume of 21,000 contracts.
Notable developments include Continental Resources switching part of its Permian production pricing to HOU, and Platts launching a daily price assessment of Midland WTI crude as a differential to HOU. ICE achieved record trading volumes with 1 billion energy derivatives contracts in 2024, including 655 million oil futures and options contracts.
FAQ
What is the current stock price of Oneok (OKE)?
What is the market cap of Oneok (OKE)?
What is ONEOK Inc's primary business?
Which regions does ONEOK serve?
How does ONEOK generate revenue?
What distinguishes ONEOK from other midstream companies?
What types of services does ONEOK provide?
How is ONEOK positioned within the energy industry?
How does ONEOK manage its asset portfolio?
What should investors know about ONEOK’s business model?
How does ONEOK ensure operational excellence?
What role does technology play in ONEOK’s services?
