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 announce its third quarter 2021 earnings on Nov. 2, 2021, after market close. An executive conference call is scheduled for 11 a.m. Eastern on Nov. 3, 2021, which will also be streamed on ONEOK's website. Investors can participate via phone by calling 800-367-2403 and using pass code 2571760. The earnings call will provide insights on performance and future outlook. Replays will be available for both the webcast and by phone for a limited time.
ONEOK, Inc. (NYSE: OKE) has set a target to achieve a 30% reduction in greenhouse gas (GHG) emissions by 2030, equating to 2.2 million metric tons from a 2019 baseline. This commitment reflects the company's dedication to reducing its Scope 1 and 2 emissions, which totaled 7.2 million metric tons in 2019. The initiative includes electrifying natural gas compression assets and collaborating with utilities to promote lower-carbon power options. This target complements existing internal environmental goals and is part of ONEOK's broader strategy for a lower-carbon economy.
ONEOK, Inc. (NYSE: OKE) will participate in virtual meetings at the Barclays CEO Energy-Power Conference on Sept. 8-9, 2021. Management will engage in a fireside chat on Sept. 9 at 9:10 a.m. EDT. A link to the live webcast and investor materials is available at ir.oneok.com. ONEOK is a leading midstream service provider with a top-tier natural gas liquids system. The company is a FORTUNE 500 and S&P 500 member.
ONEOK, Inc. (NYSE: OKE) will participate in virtual meetings at the Citi Midstream Energy Infrastructure Conference on Aug. 18-19, 2021. This leading midstream service provider is a top owner of natural gas liquids (NGL) systems, connecting supply in the Rocky Mountain, Mid-Continent, and Permian regions with extensive market centers. As a FORTUNE 500 entity included in the S&P 500, ONEOK is committed to sharing its latest investor materials, which are available on its official website at www.oneok.com.
ONEOK, Inc. (NYSE: OKE) reported a significant increase in Q2 2021 financial results, with net income reaching $342.1 million or $0.77 per share, a notable rise from $134.3 million in Q2 2020. Adjusted EBITDA surged 50% to $801.5 million, driven by substantial growth in the Rocky Mountain region's natural gas and NGL volumes. The company anticipates 2021 results to exceed previous guidance, with net income projected between $1,200 million and $1,500 million and adjusted EBITDA between $3,050 million and $3,350 million.
ONEOK, Inc. (NYSE: OKE) announced a quarterly dividend of 93.5 cents per share, maintaining the same rate from the previous quarter. This results in an annualized dividend of $3.74 per share. The dividend payment is scheduled for Aug. 16, 2021, to shareholders on record by Aug. 2, 2021. As a leading midstream service provider, ONEOK is integrated into key markets, particularly in natural gas liquids (NGL). The company is also included in the S&P 500 and FORTUNE 500 lists.
ONEOK, Inc. (NYSE: OKE) will announce its second quarter 2021 earnings after market close on August 3, 2021. An executive conference call is scheduled for August 4, 2021, at 11 a.m. EDT, where management will discuss the results. Investors can join by dialing 800-367-2403 with pass code 1023039 or through a live webcast on the company's website. A replay will be available for 30 days online and via telephone for seven days. ONEOK is a prominent provider in the midstream sector with a strong NGL system, included in the FORTUNE 500 and S&P 500.
ONE Gas announces Robert S. McAnnally as the new president and CEO, effective June 28, 2021, succeeding Pierce H. Norton II. McAnnally, who has been with the company for six years, was previously COO and will also join the Board of Directors. Curtis L. Dinan will take over McAnnally's role as COO. This transition follows an ongoing succession planning process aimed at maintaining operational and financial performance. ONE Gas provides service to over 2.2 million customers across Kansas, Oklahoma, and Texas and is a leading natural gas utility in the U.S.
ONEOK, Inc. (NYSE: OKE) will engage in virtual investor meetings at the Bernstein Strategic Decisions Conference on June 2, 2021. Participants can access investor materials on ONEOK's official website, www.oneok.com. ONEOK is recognized as a top midstream service provider, owning a significant portion of the nation's natural gas liquids systems across key regions. The company is also part of the FORTUNE 500 and S&P 500.
ONE Gas, Inc. (NYSE: OGS) announced the retirement of its president and CEO, Pierce H Norton II, effective June 27, 2021. Following his departure, Norton will become the CEO of ONEOK Inc. (NYSE: OKE) on June 28, 2021. The Corporate Governance Committee is actively working to recommend Norton's successor. Since its formation in 2014, ONE Gas has developed a culture focused on stakeholder value and is recognized as one of the largest natural gas utilities in the U.S., serving over 2.2 million customers in Kansas, Oklahoma, and Texas.
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