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) will take part in the Wells Fargo Midstream and Utilities Symposium on December 7-8, 2022, in New York. Management is scheduled for a fireside chat on December 7 at 1:35 p.m. EST. Interested parties can access a live webcast and replays on ONEOK's website. The company is a leading midstream service provider with a vast network in the natural gas liquids sector, recognized as a FORTUNE 500 company and included in the S&P 500.
ONEOK, Inc. (NYSE: OKE) has announced a pricing of its $750 million offering of 10-year senior notes with a 6.10% coupon. The net proceeds are expected to be $742 million and will primarily be used to repay outstanding amounts under its commercial paper program. If there are excess proceeds, they will be allocated towards other debts or for general corporate purposes. The offering is set to close on Nov. 18, 2022, subject to customary conditions.
ONEOK, Inc. (NYSE: OKE) will attend the Bank of America Global Energy Conference on November 16-17, 2022, in Miami. Management is scheduled for a fireside chat at 2 p.m. EST on November 16. Investors can access the live webcast and additional materials at www.oneok.com. ONEOK is a leading midstream service provider with a premier natural gas liquids system, recognized as a FORTUNE 500 and included in the S&P 500.
ONEOK, Inc. (NYSE: OKE) has updated the dial-in and replay information for its third quarter 2022 earnings conference call, now scheduled for November 2, 2022, at 11 a.m. EDT (10 a.m. CDT). Participants can join the call by dialing 1-877-883-0383 with entry number 5850390 or via ONEOK's website. A replay will be accessible for 90 days on the site, with a phone playback option available for seven days at 1-877-344-7529, access code 8152004. ONEOK is a leading midstream service provider in the NGL sector.
ONEOK, Inc. (NYSE: OKE) reported a 10% increase in third-quarter net income to $431.8 million, translating to 96 cents per diluted share, and a 4% rise in adjusted EBITDA to $902.4 million, compared to 2021 results. The company affirmed its 2022 financial guidance and anticipates over 10% net income growth in 2023, driven by strong fee-based earnings and stable natural gas volumes. ONEOK declared a quarterly dividend of 93.5 cents per share and announced a $100 million insurance recovery related to the Medford incident, which remains out of service.
ONEOK, Inc. (NYSE: OKE) has declared a quarterly dividend of 93.5 cents per share, maintaining the same rate as the previous quarter, which results in an annualized dividend of $3.74 per share. This dividend will be payable on Nov. 14, 2022, to shareholders on record as of Nov. 1, 2022. As a prominent midstream services provider, ONEOK connects key natural gas liquids supply across the U.S., contributing to its inclusion in the S&P 500 and recognition as a FORTUNE 500 company.
ONEOK, Inc. (NYSE: OKE) will announce its third quarter 2022 earnings on Nov. 1, 2022, after market close. The executive management will host a conference call on Nov. 2, 2022, at 11 a.m. Eastern. Investors can join the call by dialing 888-254-3590 or via webcast on ONEOK's website. A replay will be available for 90 days online and by phone for seven days. As a leading midstream service provider with significant natural gas liquids systems, ONEOK is part of the FORTUNE 500 and S&P 500.
Janet L. Hogan has joined ONEOK (NYSE: OKE) as senior vice president and chief human resources officer as of September 12, 2022. Hogan previously served as senior vice president of human resources at Hormel Foods, leading initiatives in talent development and employee engagement. With over 25 years of HR experience, she specializes in fostering inclusive and high-performance workplaces. Hogan holds bachelor's and master's degrees in mathematics from Southern Illinois University and will be based in Tulsa, Oklahoma. ONEOK is a leading midstream service provider in the natural gas liquids sector.
ONEOK, Inc. (NYSE: OKE) will participate in the Barclays CEO Energy-Power Conference on Sept. 7-8, 2022, in New York. Management will join a fireside chat at 3 p.m. EDT on Wednesday, Sept. 7. A link to the live webcast and investor materials is available at www.oneok.com. ONEOK is a key player in the midstream sector, especially in natural gas liquids systems, and is included in the FORTUNE 500 and S&P 500.
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