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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.
TULSA, Okla., April 3, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will announce its first quarter 2023 earnings on May 2, 2023, after market closure. An earnings conference call will follow on May 3, 2023, at 11 a.m. Eastern. Interested participants can join via phone at 877-883-0383 or via webcast at www.oneok.com. The call will be recorded for replay on ONEOK's website for one year, with phone playback available for seven days. As a leading midstream service provider, ONEOK owns a major natural gas liquids system and is part of the S&P 500.
ONEOK, Inc. (NYSE: OKE) announced its 2023 Annual Meeting of Shareholders to be held virtually on May 24, 2023, at 9 a.m. CDT. Shareholders eligible to vote will be determined as of March 27, 2023. The meeting will be available via live webcast, and registration opens on April 5, 2023. ONEOK is recognized as a leading midstream service provider and is part of the Fortune 500 and S&P 500. It specializes in natural gas liquids and has a comprehensive system connecting supply from key regions to market centers.
ONEOK, Inc. (NYSE: OKE) is set to participate in notable investor conferences in March 2023. Events include the Barclays Investment Grade Energy and Pipeline Corporate Days on March 1 and the Morgan Stanley Global Energy and Power Conference on March 2. As a leading midstream service provider, ONEOK operates a premier natural gas liquids (NGL) system across critical U.S. regions including the Rocky Mountain and Permian areas. The company is recognized as a FORTUNE 500 member and is included in the S&P 500. For further details, visit oneok.com.
ONEOK, Inc. (NYSE: OKE) reported higher fourth quarter and full-year 2022 results, with net income increasing by 28% to $484.9 million for Q4 2022 and 15% to $1.72 billion for the full year. Adjusted EBITDA also rose, reaching $967.4 million in Q4, marking a 14% increase. For 2023, ONEOK raised its financial guidance, anticipating net income of $2.41 billion and adjusted EBITDA of $4.575 billion. The company announced plans for capital expenditures of $1.27 billion to $1.48 billion and highlighted strong expected performance from its natural gas and liquids segments. Additionally, a significant insurance settlement related to the Medford incident will positively impact financials.
ONEOK, Inc. (NYSE: OKE) will participate in the U.S. Capital Advisors Midstream Corporate Access Day on January 24, 2023, in Houston, Texas. This event aims to connect investors with the company, which is a key player in the midstream services sector and operates one of the nation’s premier natural gas liquids systems. Investors can access related materials on ONEOK's website. The company is also a FORTUNE 500 entity and holds a position in the S&P 500 index, underscoring its significance in the energy market.
ONEOK, Inc. (NYSE: OKE) has announced a 2% increase in its quarterly dividend, raising it to 95.5 cents per share, resulting in an annualized dividend of $3.82 per share. This dividend is set to be paid on February 14, 2023, to shareholders recorded by the close of business on January 30, 2023.
Known for its extensive natural gas liquids system, ONEOK is a leading midstream service provider and included in the S&P 500. This increase reflects the company’s ongoing commitment to returning value to its shareholders.
ONEOK, Inc. (NYSE: OKE) is set to release its fourth quarter and year-end 2022 earnings after market close on February 27, 2023. The following day, a conference call led by the executive management will take place at 11 a.m. EST (10 a.m. CST) on February 28, 2023. Investors can join the call by dialing 1-877-883-0383, entry number 4942992, or by visiting www.oneok.com. ONEOK is recognized as a leading midstream service provider, primarily in the natural gas liquids sector.
ONEOK, Inc. (NYSE: OKE) is set to participate in the UBS Winter Infrastructure and Energy Conference from January 10-11, 2023, in Park City, Utah. As a leading midstream service provider, ONEOK operates one of the top natural gas liquids systems in the U.S., linking supplies from the Rocky Mountain, Mid-Continent, and Permian regions to major market centers. The company is also a member of the FORTUNE 500 and the S&P 500. For more details, visit www.oneok.com.
ONEOK has settled its insurance claims for $930 million related to the July 2022 Medford incident, receiving $100 million to date. The remaining payment is due from insurers within 45 days. Following this resolution, ONEOK plans to construct a new 125,000 bpd NGL fractionator at Mont Belvieu, Texas, expected to cost $550 million and complete in 24 months. This facility will enhance their fractionation capacity to meet Gulf Coast demand for purity ethane. The new project is set to improve operational efficiency and align with market trends in NGL supply.
ONEOK, Inc. (NYSE: OKE) announced the submission of a Presidential Permit application to FERC for the construction of the Saguaro Connector Pipeline. This pipeline aims to transport natural gas from the Permian Basin in West Texas to Mexico, enhancing export capabilities. The proposed 155-mile line will have a capacity of 2.8 billion cubic feet per day, linking with facilities in Hudspeth County, Texas, and a new pipeline in Mexico. A final investment decision is anticipated by mid-2023, indicating significant potential for increased revenue and market reach.
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