Oneok is buying $280 million of pipelines to accelerate its ability to capture commercial synergies and earnings growth. Oneok (OKE 0.66%) surprised many in the midstream sector last year when it agreed to buy Magellan Midstream Partners in a massive $18.8 billion deal. The transaction enhanced its diversification and growth profile. It expects the deal to deliver free-cash-flow per-share accretion of more than 20% annually through 2027, fueled partly by capturing at least $200 million of synergies each yea ...

Accelerates Commercial Synergies From Magellan Acquisition TULSA, Okla., May 13, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that it has agreed to acquire a system of natural gas liquids (NGL) pipelines from Easton Energy, a Houston-based midstream company, for approximately $280 million, subject to customary purchase price adjustments. The transaction includes approximately 450 miles of NGL pipelines located in the strategic Gulf Coast market centers for NGLs, refined products and crude oi ...

| --- | --- | --- | |---------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | First Quarter | | | | 2024 Results | | | | | | | | April 2024 | | | Natural Gas Liquids Refined Products Natural Gas Gathering & Processing Natural Gas Pipelines Crude Oil Growth Project Operating costs decreased in the natural gas liquids, natural gas gathering and processing and natural gas pipelines segments due primarily to the lower allocation of corporate costs (now also being allocated to t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024. OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________. Commission file number 001-13643 ONEOK, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporat ...

ONEOK Inc. (OKE) reported first-quarter 2024 operating earnings per share (EPS) of $1.09, which missed the Zacks Consensus Estimate of $1.13 by 3.5%. The bottom line also declined 53.4% from the year-ago quarter’s figure of $2.34.Total RevenuesOperating revenues for the quarter totaled $4.78 billion, which missed the Zacks Consensus Estimate of $5.84 billion by 18.2%. However, the top line improved 5.8% from $4.52 billion in the prior-year quarter. Highlights of the ReleaseAdjusted EBITDA came in at $1.44 b ...

Oneok Inc. (OKE) came out with quarterly earnings of $1.09 per share, missing the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $2.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.54%. A quarter ago, it was expected that this natural gas company would post earnings of $1.21 per share when it actually produced earnings of $1.18, delivering a surprise of -2.48%.Over the last four quarters, the co ...

Exhibit 99.1 News April 30, 2024 Analyst Contact: Megan Patterson Media Contact: 918-561-5325 Brad Borror 918-588-7582 ONEOK Announces First Quarter 2024 Earnings; Increases 2024 Financial Guidance Higher Year-Over-Year Rocky Mountain Region Volumes Volume Momentum Contributes to Higher 2024 Financial Expectations TULSA, Okla. - April 30, 2024 - ONEOK, Inc. (NYSE: OKE) today announced first quarter 2024 results and increased full-year 2024 financial guidance. First Quarter 2024 Results, Compared With First ...

ONEOK Inc. (OKE) is scheduled to release first-quarter 2024 results on Apr 30, after market close. The company delivered a negative earnings surprise of 2.5% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderONEOK’s first-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.The company’s first-quarter earnings are projected to h ...

The market expects Oneok Inc. (OKE) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

Oneok Inc. (OKE) closed the latest trading day at $79.91, indicating a +0.35% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.87%. Meanwhile, the Dow gained 0.67%, and the Nasdaq, a tech-heavy index, added 1.11%.Shares of the natural gas company witnessed a gain of 0.76% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 3.26% and outperforming the S&P 500's loss of 3.97%.Investors will be eagerly watching fo ...