Group 1 - ONEOK (NYSE: OKE) stock has increased approximately 12% since May, outperforming the broader stock market and midstream sector during this period [1] - The company is recognized as a high-yield investment option, with a strong community on Seeking Alpha consisting of over 1,500 members and a perfect rating of 5/5 from more than 150 reviews [1]

In the latest trading session, Oneok Inc. (OKE) closed at $90.24, marking a +1.22% move from the previous day. This change outpaced the S&P 500's 0.13% loss on the day. Elsewhere, the Dow saw an upswing of 0.33%, while the tech-heavy Nasdaq depreciated by 0.39%. The natural gas company's shares have seen a decrease of 1.11% over the last month, surpassing the OilsEnergy sector's loss of 4.69% and falling behind the S&P 500's gain of 2.43%. The upcoming earnings release of Oneok Inc. will be of great interes ...

Oneok Inc. (OKE) closed at $94.66 in the latest trading session, marking a +1.05% move from the prior day. This change outpaced the S&P 500's 0.03% gain on the day. Meanwhile, the Dow lost 0.04%, and the Nasdaq, a tech-heavy index, added 0.2%. Prior to today's trading, shares of the natural gas company had gained 5.97% over the past month. This has outpaced the Oils-Energy sector's loss of 3.35% and the S&P 500's gain of 1.54% in that time. Investors will be eagerly watching for the performance of Oneok Inc ...

Core Viewpoint - ONEOK Inc. is issuing $7 billion in senior notes to fund acquisitions and general corporate purposes, with a closing date expected around September 24, 2024 [1][2]. Group 1: Senior Notes Offering - The senior notes will be issued in six tranches with coupon rates ranging from 4.25% to 5.85%, and maturity dates spanning from 3 to 40 years [1]. - The net proceeds after deductions are anticipated to be $6.92 billion [1]. Group 2: Utilization of Proceeds - The primary use of the proceeds will be to finance the acquisition of Global Infrastructure Partners' interests in EnLink Midstream, LLC and Medallion Midstream, LLC, along with related fees and expenses [2]. - Remaining proceeds will be allocated for general corporate purposes, which may include repaying outstanding debt or redeeming existing notes [3]. Group 3: Financial Health - ONEOK's times interest earned ratio is 4, indicating sufficient financial flexibility to meet interest obligations despite the increased debt burden from new senior notes [4]. Group 4: Recent Acquisitions - In May 2024, ONEOK acquired a system of NGL pipelines from Easton Energy for $280 million, enhancing connectivity in the Gulf Coast [5]. - The company completed an $18.8 billion merger with Magellan Midstream Partners, L.P. in September 2023, positioning itself as one of the largest oil and natural gas pipeline companies in the U.S. [5]. Group 5: Industry Context - The oil and natural gas pipeline industry is highly competitive, with operators expanding through acquisitions [7]. - Other notable acquisitions in the industry include Energy Transfer's $2.28 billion acquisition of WTG Midstream Holdings LLC and Trace Midstream's acquisition of natural gas assets in the Northern Delaware Basin [8][9]. Group 6: Stock Performance - ONEOK's shares have outperformed the industry, returning 47.4% over the last year compared to the industry's 30.2% [10].

TULSA, Okla., Sept. 10, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that it has priced an offering to sell $7.0 billion of senior notes, consisting of: $1.25 billion of 3-year senior notes at a coupon of 4.25%. $600 million of 5-year senior notes at a coupon of 4.40%. $1.25 billion of 7-year senior notes at a coupon of 4.75%. $1.60 billion of 10-year senior notes at a coupon of 5.05%. $1.50 billion of 30-year senior notes at a coupon of 5.70%. $800 million of 40-year senior notes at a coupo ...

Oneok Inc. (OKE) closed the most recent trading day at $91.72, moving -0.35% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.45%. Meanwhile, the Dow experienced a drop of 0.23%, and the technology-dominated Nasdaq saw an increase of 0.84%. Shares of the natural gas company have appreciated by 8.05% over the course of the past month, outperforming the Oils-Energy sector's loss of 2.65% and the S&P 500's gain of 2.54%. The upcoming earnings release of Oneok ...

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 ...

Core Viewpoint - Oneok Inc. has shown a positive stock performance, gaining approximately 12.1% since its last earnings report, outperforming the S&P 500, but there are concerns about whether this trend will continue leading up to the next earnings release [1] Financial Performance - For Q2 2024, Oneok reported operating earnings per share (EPS) of $1.33, exceeding the Zacks Consensus Estimate of $1.18 by 12.7% and improving 27.9% from $1.04 in the same quarter last year [2] - Total operating revenues were $4.89 billion, missing the Zacks Consensus Estimate of $5.52 billion by 11.3%, but representing a 31.1% increase from $3.73 billion in the prior-year quarter [3] - Adjusted EBITDA reached $1.62 billion, up 65.5% year over year, while operating income was $1.23 billion, a 66.7% increase from $0.74 billion in the previous year [4] Operational Metrics - The total natural gas processed was 3,102 billion British thermal units per day (BBtu/d), reflecting a 6.2% year-over-year increase [4] - Natural gas transportation capacity contracted was 7,991 million British thermal units per hour per day (MDth/d), which increased by 4.4% year over year [5] Financial Position - As of June 30, 2024, cash and cash equivalents were $36 million, down from $338 million as of December 31, 2023 [6] - Long-term debt (excluding current maturities) totaled $20.3 billion, a decrease from $21.2 billion as of December 31, 2023 [6] - Cash provided by operating activities for the first half of 2024 was $2.03 billion, compared to $1.99 billion in the same period of 2023 [6] Future Guidance - Oneok expects its consolidated net income for 2024 to be in the range of $2.73-$3.03 billion and adjusted EBITDA to be between $6.03-$6.33 billion [7] - Interest expense, net of capitalized interest, is anticipated to be in the range of $1.195-$1.165 billion [7] Market Sentiment - Recent estimates for Oneok have trended downward, indicating a potential shift in market sentiment [8] - The company currently holds a Zacks Rank 3 (Hold), suggesting an expectation of an in-line return in the coming months [10] Industry Comparison - Oneok operates within the Zacks Oil and Gas - Production Pipeline - MLB industry, where competitor Enterprise Products Partners (EPD) has seen a 0.9% gain over the past month [11] - Enterprise Products reported revenues of $13.48 billion for the last quarter, a year-over-year increase of 26.6%, with EPS of $0.64 compared to $0.57 a year ago [11]

Group 1 - ONEOK, Inc. will participate in the Barclays CEO Energy-Power Conference on September 4-5, 2024, in New York, with a management team fireside chat scheduled for September 4 at 2:25 p.m. Eastern Time [1] - The session will be available for live webcast and replay on ONEOK's website [1] - ONEOK is a leading midstream operator with a pipeline network exceeding 50,000 miles, providing essential energy services [2] Group 2 - ONEOK is recognized as one of the largest diversified energy infrastructure companies in North America, contributing to energy security and meeting both domestic and international energy demands [2] - The company is headquartered in Tulsa, Oklahoma, and is part of the S&P 500 index [3] - For further information and updates, ONEOK maintains a presence on various social media platforms [3]

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].