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Oneok, Inc. - OKE STOCK NEWS

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.

News

ONEOK to Participate in U.S. Capital Advisors Midstream Corporate Access Day

Rhea-AI Summary
ONEOK, Inc. (NYSE: OKE) will participate in the U.S. Capital Advisors Midstream Corporate Access Day on Jan. 23, 2024, in Houston. The company is a leading midstream operator that provides gathering, processing, fractionation, transportation, and storage services through a vast pipeline network. ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma.
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ONEOK Fourth Quarter and Year-end 2023 Conference Call and Webcast Scheduled

Rhea-AI Summary
ONEOK, Inc. (NYSE: OKE) is set to release its fourth quarter and year-end 2023 earnings on Feb. 26, 2024, followed by an executive management conference call on Feb. 27, 2024. The company operates as a leading midstream operator providing essential energy services through a vast pipeline network. ONEOK's contributions to meeting energy demand and ensuring energy security position it as a prominent player in the industry.
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ONEOK Increases Quarterly Dividend and Announces Share Repurchase Program

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ONEOK, Inc. (NYSE: OKE) has announced a 3.7% increase in its quarterly dividend to 99 cents per share, resulting in an annualized dividend of $3.96 per share. The company's board of directors has also authorized a $2 billion share repurchase program, aiming to target 75% to 85% of cash flow from operations after capital expenditures over the next four years. ONEOK remains committed to its debt-to-EBITDA ratio of approximately 3.5 times.
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ONEOK to Participate in UBS Global Energy and Utilities Winter Conference

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ONEOK, Inc. (NYSE: OKE) will participate in the UBS Global Energy and Utilities Winter Conference on Jan. 9-10, 2024, in Park City, Utah. ONEOK is a leading midstream operator providing gathering, processing, fractionation, transportation, and storage services through its 50,000-mile pipeline network. As an S&P 500 company, ONEOK delivers energy products and services vital to meeting domestic and international energy demand, contributing to energy security, and providing safe, reliable, and responsible energy solutions.
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ONEOK to Participate in Wells Fargo Midstream and Utilities Symposium

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ONEOK, Inc. (NYSE: OKE) to participate in Wells Fargo Midstream and Utilities Symposium. ONEOK is a leading midstream operator with a 50,000-mile pipeline network, delivering energy products and services vital to an advancing world. Headquarters in Tulsa, Oklahoma.
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Enterprise and ONEOK Extend Terminal Transfer Fee Waiver for ICE Midland WTI (HOU) Crude Deliveries to the End of 2025

Rhea-AI Summary
Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, announced that Enterprise Products Partners L.P. (EPD) and ONEOK, Inc. (OKE) have extended their fee waiver arrangement between the Enterprise Crude Houston (ECHO) and Magellan East Houston (MEH) terminals to transfer crude oil delivered through ICE’s Midland WTI futures contract (HOU) until December 31, 2025. HOU futures had a record third quarter in 2023 with 672,681 contracts traded, with record average daily volume of 10,677 contracts. Each month, the HOU futures contract delivers approximately 5 million barrels of Midland WTI-quality crude. HOU has delivered approximately 71 million barrels of Midland WTI-quality crude since early 2022. Midland WTI crude oil also became deliverable into Dated Brent and the rest of the Brent complex earlier this year.
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ONEOK to Participate in BofA Securities Global Energy Conference

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ONEOK, Inc. (NYSE: OKE) announces participation in the BofA Securities Global Energy Conference on Nov. 15, 2023, in Houston, Texas. Management to engage in a fireside chat session at 11 a.m. Eastern Standard Time. The company delivers vital energy products and services, operates a 50,000-mile pipeline network, and is a significant player in the North American energy infrastructure sector.
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ONEOK Announces 5% Increase in Third Quarter 2023 Net Income and 11% Increase in Adjusted EBITDA Including Transaction Costs

Rhea-AI Summary
ONEOK, Inc. announced higher third quarter 2023 results and increased its 2023 net income and adjusted EBITDA guidance. Net income increased by 5% to $454 million, while adjusted EBITDA increased by 11% to $1.001 billion. The company also reported double-digit growth in NGL and natural gas processing volumes. ONEOK increased its 2023 net income guidance midpoint by $120 million to $2.610 billion and its adjusted EBITDA guidance midpoint by $125 million to $4.800 billion. The company expects volume strength, higher average fee rates, and lower third-party NGL fractionation costs to drive its financial performance.
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ONEOK Declares Quarterly Dividend

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ONEOK declares quarterly dividend of 95.5 cents per share
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ONEOK Third Quarter 2023 Conference Call and Webcast Scheduled

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ONEOK, Inc. (NYSE: OKE) will release third quarter 2023 earnings after the market closes on October 31, 2023. ONEOK's executive management will participate in a conference call the following day.
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FAQ

What is the current stock price of Oneok (OKE)?

The current stock price of Oneok (OKE) is $109.81 as of November 15, 2024.

What is the market cap of Oneok (OKE)?

The market cap of Oneok (OKE) is approximately 63.6B.

What is ONEOK, Inc.?

ONEOK, Inc. is a diversified energy company involved in the gathering, processing, storage, and transportation of natural gas and natural gas liquids across 14 states in the U.S.

Where is ONEOK headquartered?

ONEOK is headquartered in Tulsa, Oklahoma.

What recent acquisition did ONEOK make?

In May 2024, ONEOK acquired a system of NGL pipelines from Easton Energy for approximately $280 million.

What are the primary services provided by ONEOK?

ONEOK provides gathering, processing, storage, and transportation of natural gas, as well as transportation and fractionation of natural gas liquids.

How extensive is ONEOK’s pipeline network?

ONEOK operates over 50,000 miles of pipeline.

What are ONEOK’s recent financial highlights?

ONEOK reported higher third quarter 2023 earnings, increased full-year 2023 results, and raised their 2024 financial guidance, reflecting strong performance across their operations.

Is ONEOK included in any major stock indices?

Yes, ONEOK is included in the Standard & Poor’s 500 stock index.

How does ONEOK contribute to energy security?

ONEOK’s extensive pipeline network ensures the reliable transportation of natural gas and NGLs, which is crucial for meeting domestic and international energy demands and contributing to energy security.

What role does ONEOK play in the natural gas industry?

ONEOK is a leader in the gathering, processing, storage, and transportation of natural gas and NGLs in the U.S.

How can I stay updated with ONEOK’s latest news?

For the latest news about ONEOK, visit their website at www.oneok.com and follow them on LinkedIn, Facebook, X, and Instagram.

Stock OKE logo
Oneok, Inc.

NYSE:OKE

OKE Rankings

#218 Ranked by Market Cap
#845 Ranked by Dividends

OKE Stock Data

63.64B
584.18M
0.19%
70.62%
1.67%
Oil & Gas Midstream
Natural Gas Transmission & Distribution
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United States of America
TULSA