The latest trading session saw Oneok Inc. (OKE) ending at $91.32, denoting a -1% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.16%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.3%. Prior to today's trading, shares of the natural gas company had gained 12.05% over the past month. This has outpaced the Oils-Energy sector's gain of 0.93% and the S&P 500's gain of 3.64% in that time. The investment community wil ...

TULSA, Okla., Sept. 3, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in the Barclays CEO Energy-Power Conference Sept. 4-5, 2024, in New York. Members of ONEOK's management team will participate in a fireside chat session at 2:25 p.m. Eastern Time (1:25 p.m. Central Time) on Wednesday, Sept. 4. The session will be webcast live on ONEOK's website at www.oneok.com. The webcast will also be available for replay. ONEOK's latest investor materials are available at www.oneok.com. At ONEOK (NYSE: O ...

Core Viewpoint - ONEOK, Inc. is expanding its presence in the Permian and MidContinent basins through a $5.9 billion acquisition of midstream assets from Global Infrastructure Partners, which will enhance its position in the U.S. production pipeline and storage industry [1]. Group 1: ONEOK's Strategic Investments - ONEOK will acquire GIP's 43% stake in EnLink Midstream for $14.90 per unit, totaling approximately $3.3 billion in cash, along with GIP's equity interests in Medallion Midstream for $2.6 billion [2]. - The acquisitions are expected to increase ONEOK's capacity for moving and processing oil, gas, and natural gas liquids in the targeted basins [3]. Group 2: Industry Growth Prospects - The oil and gas production pipeline industry is capital-intensive, requiring substantial investments for pipeline construction and maintenance [4]. - The demand for natural gas in the U.S. is projected to rise due to the growth of natural gas-fired power plants and increasing LNG exports, benefiting ONEOK's investments in the Permian and Mid-Continent basins [5]. Group 3: Peer Company Insights - Kinder Morgan, Inc. is expanding its natural gas pipeline network, recently acquiring NextEra Energy Partners' pipelines for $1.82 billion [6]. - The Williams Companies, Inc. has increased its capacity by 50% over the past eight years, with a long-term earnings growth rate of 3.8% [7]. - MPLX LP plans to invest $1.1 billion in 2024, focusing on expansion initiatives, and has a long-term earnings growth rate of 8.5% [8][9]. Group 4: Stock Performance - ONEOK's shares have increased by 13.9% over the past three months, outperforming the industry's growth of 6.2% [10].

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 ...