The upcoming report from Oneok Inc. (OKE) is expected to reveal quarterly earnings of $1.45 per share, indicating an increase of 22.9% compared to the year-ago period. Analysts forecast revenues of $6.56 billion, representing an increase of 25.2% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this tim ...

Brendan, a Pennsylvanian by birth:-Completed a Ph.D. at Stanford University in the field of organic synthesis (2009). -Worked for a major pharmaceutical company (Merck, 2009-2013).-Worked in biotech including start-ups (Theravance/Aspira) prior to securing employment at Caltech.-First employee and co-founder of 1200 Pharma as it spun out of Caltech garnering major investment (into the 8 figures).-Remains an avid investor, focused on market trends and especially biotechnology stocks.Analyst’s Disclosure: I/w ...

ONEOK Inc. (NYSE: OKE ) owns pipelines from the Permian Basin in Texas all the way up to the Canadian border. Despite being one of North America's largest energy companies I think it doesn't always get the creditMy name is Maxime and I like to write about finances and share my views on various companies and their potential as an investment opportunity. My preferred sector is industrial. I live and work in Europe and we have a very long and proud history of being an industrial superpower so I guess it comes ...

The most recent trading session ended with Oneok Inc. (OKE) standing at $97.02, reflecting a -0.62% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.35%.The natural gas company's stock has dropped by 3.93% in the past month, falling short of the Oils-Energy sector's gain of 0.1% and the S&P 500's gain of 1.02%.The upcoming earnings release of Oneok Inc. will be of great interest to invest ...

Expands and Extends Integrated NGL Value Chain TULSA, Okla., Feb. 4, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) and MPLX LP (NYSE: MPLX) have entered into definitive agreements to form joint ventures to construct a new large-scale 400,000-barrel per day (bpd) liquefied petroleum gas (LPG) export terminal in Texas City, Texas, and a new 24-inch pipeline from ONEOK's Mont Belvieu, Texas, storage facility to the new terminal. Texas City Logistics LLC (TCX), the export terminal joint venture, is owned 50% by ...

Transaction Strengthens ONEOK's Integrated Value Chain and Further Diversifies PlatformTULSA, Okla., Jan. 31, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) (ONEOK) today announced that it has completed its acquisition of EnLink Midstream, LLC (EnLink).EnLink unitholders approved the transaction at a special meeting on Jan. 30, 2025. "The completion of this acquisition further enhances ONEOK's integrated midstream business and provides exceptional value to all stakeholders, including EnLink unitholders who we ...

Transaction Expected to Close on Jan. 31, 2025 TULSA, Okla., Jan. 30, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and EnLink Midstream, LLC (NYSE: ENLC) ("EnLink") today announced that EnLink unitholders approved ONEOK's previously announced acquisition of the remaining publicly held common units of EnLink. According to preliminary results of the EnLink Special Meeting of Unitholders, approximately 99.8% of the common units voted, or 379.1 million units, were cast in favor of the transaction, res ...

Oneok Inc. (OKE) ended the recent trading session at $100.60, demonstrating a +0.15% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.92%. On the other hand, the Dow registered a gain of 0.31%, and the technology-centric Nasdaq increased by 2.03%.The natural gas company's shares have seen a decrease of 0.33% over the last month, not keeping up with the Oils-Energy sector's gain of 5.72% and the S&P 500's gain of 0.81%.The investment community wil ...

Dividend Growth and Stability - The company has increased its dividend by almost 1,230% since 2000, demonstrating long-term dividend growth [1] - Recently raised its dividend by 4% compared to last year's annualized rate, pushing its dividend yield to nearly 4% [2] - Targets 3% to 4% annual dividend growth over the next few years [11] Energy Infrastructure and Asset Base - Owns over 50,000 miles of strategically located pipelines transporting natural gas liquids, refined products, crude oil, and natural gas [3] - Operates complementary midstream assets including natural gas processing plants, NGL fractionators, and storage terminals [3] - Has built an integrated network through organic expansions and acquisitions, spending billions of dollars [4] Recent Acquisitions and Investments - Acquired Magellan Midstream Partners in a transformative $18.8 billion deal in 2023 [4] - Purchased Medallion Midstream and a 43% interest in EnLink Midstream for $5.9 billion [4] - Agreed to buy the remaining publicly held shares of EnLink [5] - Invested in high-return organic expansion projects like the MB-6 fractionator and West Texas NGL Pipeline System [5] Financial Performance and Growth - Delivered 10 consecutive years of adjusted EBITDA growth (2013-2023) at an impressive 15% rate [6] - Adjusted EBITDA growth accelerated to 27% last year due to recent acquisitions [6] - Projects over $8 billion of adjusted EBITDA for the current year, a more than 20% increase from last year [7] Synergies and Future Growth Opportunities - Identified over $250 million of synergies from EnLink and Medallion deals, with potential for more [8] - Working to capture over $415 million of synergies related to the Magellan acquisition [9] - Accelerated commercial synergies by purchasing 450 miles of NGL pipelines in the Gulf Coast for $280 million [9] Organic Expansion Projects - Expanding Elk Creek NGL pipeline, increasing refined products capacity to Denver area, and building Medford Fractionator [10] - Projects expected to enter commercial service through Q1 2027, providing incremental earnings [10] - EnLink offers embedded growth potential, including carbon capture and storage transportation opportunities along the Gulf Coast [10] Investment Appeal - The company's 4% dividend yield and attractive growth profile make it a compelling option for investors seeking income and growth [12]

TULSA, Okla., Jan. 22, 2025 /PRNewswire/ -- The board of directors of ONEOK, Inc. (NYSE: OKE) today increased its quarterly dividend to $1.03 per share, an increase of 4%. This increase results in an annualized dividend of $4.12 per share.The dividend is payable Feb. 14, 2025, to shareholders of record at the close of business Feb. 3, 2025.To date, ONEOK has repurchased 1.675 million shares of its outstanding common stock for $171.7 million with cash on hand. The repurchases are part of the company's $2 bil ...