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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 engage in virtual meetings at the Barclays Investment Grade Energy & Pipeline Corporate Days on March 3, 2022. The company is a prominent midstream service provider, renowned for its extensive natural gas liquids (NGL) systems connecting key regions. As a member of both the FORTUNE 500 and S&P 500, ONEOK plays a significant role in the energy sector. Investors can find the latest materials on www.oneok.com.
ONEOK, Inc. (NYSE: OKE) reported strong fourth quarter and full-year 2021 results, achieving a net income of $1.5 billion, or $3.35 per diluted share, up from $612.8 million in 2020. Adjusted EBITDA rose 24% to $3.38 billion, bolstered by increased processing volumes in the Rocky Mountain region. For 2022, guidance projects a 13% net income increase to $1.69 billion and a 7% rise in adjusted EBITDA to $3.62 billion. The company also aims to reduce greenhouse gas emissions by 30% and announced a quarterly dividend of 93.5 cents per share.
ONEOK, Inc. (NYSE: OKE) announced a quarterly dividend of 93.5 cents per share, consistent with the previous quarter, resulting in an annualized dividend of $3.74. This dividend is payable on Feb. 14, 2022, to shareholders of record by Jan. 31, 2022. As a leading midstream service provider, ONEOK operates a premier natural gas liquids system across the U.S. and maintains its position as a FORTUNE 500 company, included in the S&P 500.
ONEOK, Inc. (NYSE: OKE) will announce its fourth quarter and year-end 2021 earnings after market close on February 28, 2022. An earnings conference call will take place the next day at 11 a.m. EST (10 a.m. CST) on March 1, 2022, accessible via phone at 800-458-4121 or online at www.oneok.com. The replay will be available on their website for 90 days and by phone for seven days. ONEOK is a leading midstream service provider and included in the S&P 500.
ONEOK, Inc. (NYSE: OKE) will engage in virtual meetings at the UBS Winter Infrastructure and Energy Conference on January 10-11, 2022. The company is a major midstream service provider with a robust natural gas liquids (NGL) system serving key markets across various U.S. regions. As a FORTUNE 500 entity included in the S&P 500, ONEOK's investor materials can be accessed via www.oneok.com.
ONEOK, Inc. (NYSE: OKE) will attend the Wells Fargo Midstream, Utility and Renewables Symposium on December 8-9, 2021. Management is scheduled for a fireside chat on December 8 at 2:40 p.m. EST. Investors can access a live webcast and relevant materials at ir.oneok.com. ONEOK is a leading midstream service provider, operating a premier network of natural gas liquids (NGL) systems across key regions. The company is recognized as a FORTUNE 500 entity and is included in the S&P 500.
ONEOK, Inc. (NYSE: OKE) announced the resumption of two natural gas and NGL infrastructure projects due to rising producer activity and improving demand. The Demicks Lake III facility will process 200 MMcf/d of natural gas at a cost of approximately $140 million, while the MB-5 fractionator will handle 125,000 bpd of NGL at a cost of about $250 million. Both projects are expected to enhance throughput capacity in key regions, with completion dates set for early and late 2023, respectively.
ONEOK, Inc. (NYSE: OKE), a leading midstream service provider, will participate in the Bernstein Operational Decisions Conference on Nov. 4, 2021. This conference highlights ONEOK's role as a key player in the natural gas liquids (NGL) industry, connecting supply across various regions with critical market centers. Investor materials can be found on ONEOK's website. The company is a FORTUNE 500 member and included in the S&P 500 index.
ONEOK, Inc. reported a 26% increase in net income to $392 million for Q3 2021, translating to 88 cents per diluted share. Adjusted EBITDA also rose by 16% to $865.2 million. The company has raised its full-year net income guidance by 10% to a midpoint of $1.49 billion and adjusted EBITDA guidance by 5% to $3.375 billion. Factors driving these increases include growth in Rocky Mountain region natural gas volumes and higher commodity prices. Additionally, ONEOK announced a greenhouse gas reduction target.
ONEOK, Inc. (NYSE: OKE) has declared a quarterly dividend of 93.5 cents per share, maintaining the same amount from the previous quarter. This results in an annualized dividend of $3.74 per share. The dividend will be payable on Nov. 15, 2021, to shareholders on record as of Nov. 1, 2021. ONEOK is recognized as a leading midstream service provider with a significant presence in the natural gas liquids market, and is included in the FORTUNE 500 and S&P 500 index.
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