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) reported a strong financial performance for Q4 and full-year 2020, despite challenges from the pandemic. Q4 operating income rose 11% to $538.7 million, with adjusted EBITDA increasing by 12% to $742 million. Full-year net income was $612.8 million, adjusted EBITDA grew 6% to $2.72 billion, driven by increased NGL volumes. The company anticipates 2021 net income between $1.08 billion and $1.38 billion and adjusted EBITDA of $2.9 billion to $3.2 billion, reflecting ongoing growth and reduced capital expenditures by over 70%.
ONEOK, Inc. (NYSE: OKE) announced its participation in the U.S. Capital Advisors Midstream Virtual Corporate Access Day on January 25-26, 2021. The company is recognized as a leading midstream service provider, with a robust network for natural gas liquids that spans the Rocky Mountain, Mid-Continent, and Permian regions. As a FORTUNE 500 company and part of the S&P 500, ONEOK continues to position itself as an essential player in the energy market. For more information, investor materials are available at www.oneok.com.
ONEOK, Inc. (NYSE: OKE) declared a quarterly dividend of 93.5 cents per share, maintaining the previous quarter's rate, resulting in an annualized dividend of $3.74. The dividend is set to be distributed on Feb. 12, 2021, to shareholders recorded by Feb. 1, 2021. Recognized as a leading midstream service provider and a FORTUNE 500 company, ONEOK boasts a robust network for natural gas liquids (NGL) in key regions across the U.S.
ONEOK, Inc. (NYSE: OKE) will announce its fourth quarter and year-end 2020 earnings after market close on February 22, 2021. Management will host a conference call on February 23, 2021, at 11 a.m. EST to discuss these results. Participants can join by calling 800-458-4121 or through the live webcast on ONEOK's website. If unable to attend live, a replay will be available for 30 days online and via phone for seven days.
ONEOK, Inc. (NYSE: OKE) will participate in the UBS Infrastructure and Energy Virtual Conference on January 12-13, 2021. The company is a leading midstream service provider with an extensive network connecting natural gas liquids (NGL) supply across major U.S. regions. As a FORTUNE 500 entity, ONEOK is also included in the S&P 500. For more details and investor materials, visit www.oneok.com.
ONEOK, Inc. (NYSE: OKE) has appointed Gerald B. Smith to its board of directors effective December 15, 2020. Smith, previously a board member from 2009 to 2013, is the founder and CEO of Smith, Graham & Company Investment Advisors. He brings extensive experience from various leadership positions in investment management and finance. The board also announced the resignation of Gary Parker, who served since 1991, in line with corporate governance guidelines. This change is expected to enhance board effectiveness and shareholder interests.
ONEOK, Inc. (NYSE: OKE) will participate in the Wells Fargo Virtual Midstream and Utility Symposium on December 8-9, 2020. This leading midstream service provider is known for its extensive natural gas liquids (NGL) systems that connect supply across the Rocky Mountain, Mid-Continent, and Permian regions to key market centers. As a FORTUNE 500 company listed in the S&P 500, ONEOK enhances its visibility and investor relations with the latest materials available on their website.
ONEOK, Inc. (NYSE: OKE) will participate in the RBC Capital Markets Midstream and Energy Infrastructure Virtual Conference on Nov. 18, 2020. As a leading midstream service provider, ONEOK operates a premier natural gas liquids system across key regions in the U.S. including the Rocky Mountain, Mid-Continent, and Permian areas. The company is a member of the FORTUNE 500 and S&P 500. Investor materials can be accessed on their website: www.oneok.com.
ONEOK reported strong third quarter 2020 results, with net income of $312.3 million (70 cents per share) and a 15% increase in adjusted EBITDA to $747 million compared to Q3 2019. The company saw a 7% rise in natural gas liquids (NGL) throughput and a 16% decrease in operating costs. Additionally, its dividend coverage ratio stood at 1.30 times. The 2020 outlook has been updated, expecting net income and adjusted EBITDA to reach midpoint ranges of $500-$900 million and $2.6-$3 billion, respectively. Key growth was attributed to recovering volumes and completed NGL projects.
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