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.
On May 25, 2021, ONEOK, Inc. (NYSE: OKE) announced the retirement of CEO Terry K. Spencer, effective September 30, 2021, after 20 years with the company. Pierce H. Norton II, currently CEO of ONE Gas, Inc. (NYSE: OGS), will succeed him on June 28, 2021. The leadership transition follows a planned succession process, highlighting Norton's extensive experience in the natural gas sector. Spencer will assist in the transition and remain a board member until retirement. The Board expressed gratitude for Spencer's contributions during challenging times.
ONEOK, Inc. (NYSE: OKE) announced its participation in the Citi Global Energy and Utilities Virtual Conference scheduled for May 11-12, 2021. The company, a leading midstream service provider, operates one of the top natural gas liquids systems in the U.S., connecting supply across key regions to market centers. ONEOK is a FORTUNE 500 and S&P 500 company. Investor materials can be found on www.oneok.com. For more updates, ONEOK is active on social media platforms like LinkedIn, Instagram, Facebook, and Twitter.
ONEOK, Inc. (NYSE: OKE) reports strong first quarter 2021 results with a net income of $386.2 million, or 86 cents per diluted share, a significant improvement from a net loss of $141.9 million in Q1 2020. Adjusted EBITDA surged 24% to $866.4 million. The company has raised its 2021 financial guidance, with a midpoint net income projected at $1.35 billion and diluted EPS at $3.02. Factors contributing to this growth include increased natural gas and NGL sales in the Rocky Mountain region and improved market conditions despite challenges from severe winter weather.
ONEOK, Inc. (NYSE: OKE) declared a quarterly dividend of 93.5 cents per share, maintaining the same rate as the previous quarter, leading to an annualized dividend of $3.74 per share. The dividend is set to be paid on May 14, 2021, to shareholders on record by April 26, 2021.
As a leading midstream service provider, ONEOK connects natural gas liquids supply in various regions with extensive market access, and is a noted FORTUNE 500 company.
ONEOK, Inc. (NYSE: OKE) will announce its first quarter 2021 earnings on April 27, 2021, after market close. A conference call is scheduled for April 28, 2021, at 11 a.m. EDT, allowing investors to discuss the results and ask questions. The call can be accessed via phone or webcast. ONEOK is a leading midstream service provider and ranks among the FORTUNE 500 and S&P 500 companies, specializing in natural gas liquids systems across key U.S. regions.
ONEOK, Inc. (NYSE: OKE) announced its participation in virtual investor meetings at the Truist Securities Utilities, Midstream and Alternative Energy Summit on March 25, 2021. The company is recognized as a leading midstream service provider, specializing in natural gas liquids (NGL) with a comprehensive system across key U.S. regions. Investors can access updated materials via oneok.com. ONEOK is a FORTUNE 500 company and is listed in the S&P 500.
ONEOK, Inc. (NYSE: OKE) has announced that its 2021 annual shareholders meeting will take place virtually on May 26, 2021, at 9 a.m. CDT. This decision aligns with ongoing precautions related to COVID-19. Shareholders eligible to vote will be determined by a record date of March 29, 2021. Registration for the meeting opens on April 7, 2021, and participants can access the meeting via live webcast. ONEOK is recognized as a leading midstream service provider in the NGL sector and is included in the S&P 500.
ONEOK, Inc. (NYSE: OKE) participated in virtual investor meetings at the Mizuho Energy Summit on March 16, 2021. The company is a leading midstream service provider with a premier natural gas liquids system, connecting supplies across key U.S. regions. As a FORTUNE 500 company, ONEOK is included in the S&P 500. For more investor materials, visit www.oneok.com.
ONEOK, Inc. (NYSE: OKE) will participate in two virtual investor conferences on March 2 and 3, 2021. The events include the Credit Suisse Annual Energy Summit and the Raymond James Annual Institutional Investors Conference. ONEOK is a leading midstream service provider, notably in the natural gas liquids (NGL) sector, and is part of the FORTUNE 500 and S&P 500 indices. Comprehensive investor materials can be accessed on ONEOK's website.
ONEOK, Inc. (NYSE: OKE) announced its participation in the Barclays Midstream & Clean Infrastructure Virtual Corporate Access Days on February 24, 2021. This event highlights ONEOK's status as a premier midstream service provider, focusing on its extensive infrastructure for natural gas liquids (NGL) across key regions like the Rocky Mountains and Permian Basin. As a FORTUNE 500 company, ONEOK is integral to the natural gas market with a vast network for gathering, processing, and transportation. For more information, visit www.oneok.com.
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