STOCK TITAN

Magellan Midstream's 2023 Schedule K-3 Now Available

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

ONEOK, Inc. (NYSE: OKE) announced that the 2023 Schedule K-3s for Magellan Midstream Partners, L.P. are now available online. Former Magellan unitholders can access these documents at www.taxpackagesupport.com/mmp. These documents are important for certain investors, particularly foreign unitholders and those computing foreign tax credits. On September 25, 2023, ONEOK acquired all outstanding common units of Magellan in a cash and stock transaction, making Magellan units no longer publicly traded. ONEOK is a leading midstream operator delivering essential energy products and services, operating a 50,000-mile pipeline network that supports both domestic and international energy demands. For more information, visit www.oneok.com.

Positive
  • ONEOK has successfully made the 2023 Schedule K-3s for Magellan Midstream Partners available online, aiding in tax compliance.
  • ONEOK completed the acquisition of Magellan Midstream Partners, potentially expanding its operations and service offerings.
  • ONEOK operates an extensive 50,000-mile pipeline network, enhancing its capacity to meet energy demands.
Negative
  • ONEOK will not mail Schedule K-3s to investors, which may require additional effort from unitholders to access necessary tax documents.

TULSA, Okla., June 18, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that the 2023 Schedule K-3s for Magellan Midstream Partners, L.P. (Magellan), reflecting items of international tax relevance, are now available online. Former Magellan unitholders requiring this information may access their Schedule K-3 at www.taxpackagesupport.com/mmp

A limited number of investors (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on the Schedule K-3 for their specific reporting requirements. To the extent the Schedule K-3 is applicable to a unitholder's return filing needs, we encourage them to review the information contained on this form and refer to the appropriate federal laws and guidance or consult with their tax advisor.

ONEOK does not plan to mail Schedule K-3s to investors. Unitholders wanting to receive an electronic copy of the Schedule K-3 via email, contact Tax Package Support at 800-230-1032 on weekdays between 8 a.m. and 5 p.m. Central.

On Sept. 25, 2023, ONEOK acquired all outstanding common units of Magellan in a cash and stock transaction. Common units of Magellan are no longer publicly traded.

At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation and storage services. Through our more than 50,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest diversified energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world.

ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma.

For information about ONEOK, visit the website: www.oneok.com. For the latest news about ONEOK, find us on LinkedIn, Facebook, X and Instagram.

Analyst Contact: Megan Patterson
                              918-561-5325
Media Contact:   Brad Borror
                             918-588-7582

 

Cision View original content:https://www.prnewswire.com/news-releases/magellan-midstreams-2023-schedule-k-3-now-available-302175773.html

SOURCE Oneok, Inc.

FAQ

Where can former Magellan unitholders access the 2023 Schedule K-3?

Former Magellan unitholders can access the 2023 Schedule K-3 at www.taxpackagesupport.com/mmp.

What is the significance of ONEOK's acquisition of Magellan Midstream Partners?

ONEOK's acquisition of Magellan Midstream Partners, completed on September 25, 2023, expands its operational capabilities and service offerings.

Will ONEOK mail the 2023 Schedule K-3s to investors?

No, ONEOK will not mail Schedule K-3s to investors. They are available online, and unitholders can request an electronic copy via email.

What services does ONEOK provide?

ONEOK provides gathering, processing, fractionation, transportation, and storage services for natural gas, NGLs, refined products, and crude.

How extensive is ONEOK's pipeline network?

ONEOK operates a 50,000-mile pipeline network, supporting both domestic and international energy demands.

Oneok, Inc.

NYSE:OKE

OKE Rankings

OKE Latest News

OKE Stock Data

57.06B
582.98M
0.21%
71.68%
2.38%
Oil & Gas Midstream
Natural Gas Transmission & Distribution
Link
United States of America
TULSA