TULSA, Okla., Aug. 12, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in investor meetings at the Citi Midstream and New Energy Infrastructure Conference, Aug. 13-14, 2024, in Las Vegas. ONEOK's latest investor materials are available at www.oneok.com. At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation and storage services. Through our more than 50,000 ...

ONEOK Inc. (OKE) reported second-quarter 2024 operating earnings per share (EPS) of $1.33, which surpassed the Zacks Consensus Estimate of $1.18 by 12.7%. The bottom line also improved 27.9% from the year-ago quarter's figure of $1.04 per share. Total Revenues Operating revenues totaled $4.89 billion, which missed the Zacks Consensus Estimate of $5.52 billion by 11.3%. However, the top line improved 31.1% from $3.73 billion in the prior-year quarter. ONEOK, Inc. Price, Consensus and EPS Surprise Highlights ...

ONEOK Inc. (OKE) is scheduled to release second-quarter 2024 results on Aug 5, after market close. The company delivered a negative earnings surprise of 3.5% in the last reported quarter. Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Factors to Consider ONEOK's second-quarter earnings are expected to have gained from strong fee-based contracts, as more than 90% of its revenues are likely to have been fee-based. During the second quarter, the company completed t ...

ESG Performance and Achievements - The company achieved approximately 50% of its 2030 greenhouse gas emissions reduction target by the end of 2023 [2] - Scope 1 methane emissions were reduced by 36% compared to the 2019 baseline year [2] - The company received an MSCI ESG Rating of AAA in 2024 and qualified for inclusion in over 40 ESG-related stock market indices [2] - ONEOK was recognized as one of America's Greatest Workplaces for 2024 by Newsweek and as a Top Performer on Employee Wellness by JUST Capital [2] - The company contributed $9.6 million to charitable organizations in 2023, with over 35% supporting diversity and inclusion-related initiatives [2] Innovation and Future Commitments - The company is investing in innovative energy solutions such as emission-detection satellite technology and low-carbon fuels [2] - ONEOK is participating in hydrogen and carbon storage-related studies [2] - The company emphasizes its commitment to continuously improving its sustainability program, practices, and performance [3] - ONEOK aims to deliver energy products and services that improve quality of life and support growing global energy demand [4] Business Overview and Operations - ONEOK is one of the largest diversified midstream energy service providers in North America [5] - The company operates a 50,000-mile pipeline network, transporting natural gas, natural gas liquids (NGLs), refined products, and crude oil [5] - ONEOK provides gathering, processing, fractionation, transportation, and storage services, contributing to energy security and meeting domestic and international energy demand [5] Corporate Recognition and Presence - ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma [6] - The company is recognized for its role in delivering energy solutions that make a difference in the lives of people in the U.S. and around the world [5]

Investors interested in Oil and Gas - Production Pipeline - MLB stocks are likely familiar with Energy Transfer LP (ET) and Oneok Inc. (OKE) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. Another notable valuation metric for ET is its P/B ratio of 1.45. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, OKE has a P/B of 3. There are plenty ...

Investment in the Production Pipeline Industry Kinder Morgan, Inc. (KMI) is expanding its natural gas pipeline network. The company has recently acquired NextEra Energy Partners' natural gas pipelines in South Texas for $1.82 billion. Shares of ONEOK have gained 5.1% in the past three months compared with the industry's 3.9% growth. ONEOK, Inc. (OKE) has announced a project to expand the capacity of its pipeline from Kansas to Denver. The plan includes a 230-mile pipeline from Scott City, KS, to Denver Inte ...

Following the close of an open season earlier this year, the project is fully subscribed under long-term contracts. TULSA, Okla., July 18, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced plans to expand its pipeline capacity connecting Mid-Continent and Gulf Coast refined products supply with the greater Denver area to meet growing demand and increase connectivity with Denver International Airport (DIA). "ONEOK is uniquely positioned to help meet the growing demand for refined products and rene ...

Oneok Inc. (OKE) closed the most recent trading day at $85.37, moving +0.36% from the previous trading session. The stock outpaced the S&P 500's daily loss of 1.39%. On the other hand, the Dow registered a gain of 0.6%, and the technology-centric Nasdaq decreased by 2.77%. Shares of the natural gas company have appreciated by 6.25% over the course of the past month, outperforming the Oils-Energy sector's loss of 7.9% and the S&P 500's gain of 4.43%. Investors will be eagerly watching for the performance of ...

The dividend is payable Aug. 14, 2024, to shareholders of record at the close of business Aug. 1, 2024. For information about ONEOK, visit the website: www.oneok.com. For the latest news about ONEOK, find us on LinkedIn, Facebook, X and Instagram. One should not place undue reliance on forward-looking statements. Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements ex ...

ONEOK Inc. (OKE) stands to benefit from higher fee-based earnings and midstream assets located in productive regions. The company also continues to gain from a diverse customer base. However, this Zacks Rank #2 (Buy) company faces risks related to intense competition in the pipeline business. Tailwinds With production volumes resuming normalcy, ONEOK is poised to benefit from long-term fee-based commitments in each of its three segments. More than 86% of OKE's 2023 earnings were fee-based, and it expects mo ...