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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.

Rhea-AI Summary
Magellan Midstream Partners, L.P. announced a virtual special meeting of unitholders for Sept. 21, 2023, regarding the pending merger with ONEOK, Inc. The Magellan board unanimously recommends voting 'FOR' the merger proposal.
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On April 20, 2023, ONEOK, Inc. (NYSE: OKE) declared a quarterly dividend of 95.5 cents per share, consistent with the previous quarter, leading to an annualized amount of $3.82 per share. This dividend is set to be paid on May 15, 2023, to shareholders on record by the close of business on May 1, 2023. ONEOK operates as a significant midstream service provider, possessing one of the most advanced natural gas liquids systems in the U.S. The company is recognized as a FORTUNE 500 company and is part of the S&P 500.

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ONEOK, Inc. (NYSE: OKE) will engage in investor meetings at the J.P. Morgan Utilities & Midstream Forum on April 6, 2023, in Chicago, Illinois. This event highlights ONEOK's role as a leading midstream service provider with a premier natural gas liquids (NGL) system connecting key markets in the Rocky Mountain, Permian, and Mid-Continent regions. The company's extensive assets include gathering, processing, transportation, and storage facilities. ONEOK is a FORTUNE 500 company and part of the S&P 500. For more details, visit www.oneok.com.

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FAQ

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

The current stock price of Oneok (OKE) is $100.08 as of December 20, 2024.

What is the market cap of Oneok (OKE)?

The market cap of Oneok (OKE) is approximately 57.1B.

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.

Oneok, Inc.

NYSE:OKE

OKE Rankings

OKE Stock Data

57.06B
582.98M
0.21%
71.68%
2.38%
Oil & Gas Midstream
Natural Gas Transmission & Distribution
Link
United States of America
TULSA