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 a leading diversified energy company involved in the gathering, processing, storage, and transportation of natural gas and natural gas liquids (NGLs) across 14 states in the U.S. ONEOK serves as the general partner of ONEOK Partners, L.P., one of the largest publicly traded master limited partnerships. This partnership boasts one of the nation’s premier NGL systems, connecting supply from the Mid-Continent, Permian, and Rocky Mountain regions to key market centers.
Headquartered in Tulsa, Oklahoma, and featured in the Fortune 500 and Standard & Poor’s 500 stock index, ONEOK operates over 50,000 miles of pipeline. Their infrastructure is vital in meeting both domestic and international energy demands, contributing significantly to energy security by providing safe, reliable, and responsible energy solutions.
ONEOK recently released their third quarter 2023 earnings, showing increased net income and adjusted EBITDA. This growth was driven by higher NGL volumes, increased natural gas processing volumes, and improved transportation and storage services. The quarter also included contributions from the newly acquired refined products and crude segment, thanks to their acquisition of Magellan Midstream Partners.
In January 2024, ONEOK disclosed higher fourth quarter and full-year 2023 financial results, projecting further growth for 2024. The company’s strong performance is supported by increased volumes across their systems, higher average fee rates, and contributions from the refined products and crude segment.
In April 2024, ONEOK reported first quarter 2024 results, continuing their trend of solid financial performance. The company increased their full-year 2024 financial guidance, driven by higher year-over-year volumes, positive synergy outlook, and robust asset performance.
In May 2024, ONEOK announced their acquisition of a system of NGL pipelines from Easton Energy for approximately $280 million. This strategic acquisition enhances their connectivity to the critical Gulf Coast supply and demand centers, accelerating commercial synergies and future earnings growth.
As ONEOK continues to integrate its operations and expand its infrastructure, it remains committed to maximizing investor value through disciplined capital growth opportunities, maintaining a strong balance sheet, and delivering essential energy services.
For more information about ONEOK, visit their website: www.oneok.com. Stay updated with the latest news by following ONEOK on LinkedIn, Facebook, X, and Instagram.
ONEOK, Inc. (NYSE: OKE) will participate in key investor conferences in August 2022. On August 11, they will attend the Goldman Sachs Power, Utilities, MLPs and Pipelines Conference and engage in a fireside chat at 8:45 a.m. EDT. Following this, from August 16-17, they will be at the Citi Midstream Energy Infrastructure Conference. ONEOK is recognized as a top midstream service provider in the US and is part of the FORTUNE 500 and S&P 500 indices. For details, visit www.oneok.com.
ONEOK, Inc. (NYSE: OKE) announced the appointment of J. Darren Wallis as senior vice president of communications and community relations, effective August 10, 2022. Wallis brings over 27 years of communications experience, previously serving as vice president of communications at Bayer's North American Crop Science division. His expertise will enhance ONEOK's strategic business and reputation initiatives, aligning with the company's mission and core values. Wallis holds a Bachelor of Arts from the University of Missouri and is based in Tulsa, Oklahoma.
ONEOK, Inc. (NYSE: OKE) reported a 21% increase in net income for Q2 2022, reaching $414.4 million or 92 cents per diluted share. Adjusted EBITDA rose by 11% to $886.0 million. The results were driven by higher natural gas liquids throughput and improved commodity prices, outweighing challenges from unseasonable weather. The company maintains its full-year financial guidance and recently declared a quarterly dividend of 93.5 cents per share. ONEOK continues to expand its infrastructure, despite the ongoing impact of the Medford facility incident.
ONEOK, Inc. (NYSE: OKE) declared its quarterly dividend of 93.5 cents per share, maintaining the previous quarter's amount, resulting in an annualized dividend of $3.74. The dividend will be paid on Aug. 15, 2022, to shareholders of record as of Aug. 1, 2022. ONEOK is a leading midstream service provider with a significant natural gas liquids system across key U.S. regions. The company is included in the FORTUNE 500 and S&P 500.
ONEOK (NYSE: OKE) announces the release of its second quarter 2022 earnings, set for after market closure on August 8, 2022. An executive conference call will follow on August 9, 2022, at 11 a.m. Eastern. The call will be accessible via phone at 800-289-0720 with passcode 5147412, or through a webcast on ONEOK's website. A replay will be available for 90 days online and by phone for seven days. ONEOK operates one of the leading natural gas liquids systems in the U.S., connecting supply across key regions.
ONEOK, Inc. (NYSE: OKE) will participate in the J.P. Morgan Energy, Power and Renewables Conference on June 22-23, 2022, in New York City. The company is a leading midstream service provider and owns one of the nation's premier natural gas liquids systems. It connects NGL supply in the Rocky Mountain, Mid-Continent, and Permian regions with key market centers. ONEOK is a FORTUNE 500 company and included in the S&P 500. Updated investor materials can be found at www.oneok.com.
ONEOK, Inc. (NYSE: OKE) will participate in the Bernstein Strategic Decisions Conference on June 1-2, 2022, in New York City. The company is a leading midstream service provider, specializing in natural gas liquids with extensive assets in gas gathering, processing, storage, and transportation. ONEOK is recognized as a FORTUNE 500 company and is included in the S&P 500 index. For more details, visit www.oneok.com.
ONEOK, Inc. (NYSE: OKE) will participate in the Citi Global Energy, Utilities and Climate Technology Conference on May 10-11, 2022, in Boston. Management will engage in a fireside chat on May 11 at 8:45 a.m. EDT. Interested parties can access a live webcast and replay, along with the latest investor materials, on ONEOK's investor relations page. ONEOK is a leading midstream service provider and a FORTUNE 500 company, specializing in natural gas liquids systems across several key U.S. regions.
ONEOK, Inc. (NYSE: OKE) reported its first quarter 2022 results with a net income of $391.2 million, or 87 cents per diluted share, marking a 24% increase in earnings per share from the previous year. The company's adjusted EBITDA reached $863.9 million, an 11% rise, aided by higher natural gas liquids (NGL) and natural gas volumes. The Rocky Mountain region saw a 24% increase in NGL throughput. Adjusted EBITDA for the NGL segment rose to $527.6 million. Despite performance gains, the Natural Gas Pipelines segment reported a drop in adjusted EBITDA to $123.5 million.
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