TULSA, Okla., Jan. 8, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in the UBS Global Energy and Utilities Winter Conference Jan. 9-10, 2024, in Park City, Utah. 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-mile pipeline network, ...

SushimanIntroduction I finally did it. I pulled the trigger on a high-yield stock I wanted to buy for a long time. Earlier this week, I bought Antero Midstream (AM), one of my favorite midstream players, with a yield of 7%. In an article published on December 24, I explained why I wanted to buy this midstream player, as it is part of a bigger focus on value and income stocks. While I am very far from becoming an income-focused investor, I believe in buying undervalued income companies in an environment ...

abadonian Shares of ONEOK (NYSE:OKE) have been a solid performer over the past year, gaining about 10%. This return has lagged the S&P 500, but it is higher than the 7% rally in the MLP ETF (MLPA), comprised of ONEOK's peers. While its underlying business is performing well, its dividend growth is likely to be modest, particularly with deleveraging a focus after its acquisition of Magellan this year. As a consequence, I believe there are better opportunities for income-oriented investors. Seeking Alpha ONEO ...

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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 September 30, 2023. OR (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (918) 588-7000 Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | ...

Financial Data and Key Metrics Changes - For Q2 2023, ONEOK reported a net income of $468 million or $1.04 per share, with adjusted EBITDA totaling $971 million, representing a 10% year-over-year increase [125][124] - The company increased its full-year 2023 financial guidance, now expecting a net income midpoint of $2.49 billion and an adjusted EBITDA midpoint of $4.675 billion, a $100 million increase from previous guidance [124][3] - The net debt to EBITDA ratio remains well below the long-term target of 3.5x, with over $100 million in cash and equivalents as of June 30 [125][8] Business Line Data and Key Metrics Changes - NGL volumes increased by 11% year-over-year, with the Permian Basin seeing a 26% increase driven by growth from existing plants and a new plant connection [116][127] - In the natural gas gathering and processing segment, processed volumes averaged nearly 2.2 billion cubic feet per day, a 16% increase year-over-year [131] - The natural gas pipeline segment is expected to exceed the high end of its original earnings guidance range due to strong demand for storage and transportation services [133] Market Data and Key Metrics Changes - The Rocky Mountain region experienced a 17% increase in volumes compared to Q1 2023, while the Mid-Continent region saw an 8% increase [127][128] - Ethane prices have decreased recently but remain at levels that support recovery in most basins, indicating a tightening supply-demand balance [128] Company Strategy and Development Direction - ONEOK is focused on the integration of its operations with Magellan, aiming to leverage combined assets for greater operational efficiency and synergy realization [3][121] - The company is pursuing two NGL pipeline expansion projects, including the Elk Creek pipeline expansion to 400,000 barrels per day and the looping of the West Texas NGL pipeline [129][114] - Management emphasized a commitment to operating responsibly and sustainably, with plans to publish an annual sustainability report [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong producer activity and constructive volume outlook, indicating continued growth into 2024 [43][80] - The company highlighted the importance of customer service, reliability, and safety as core fundamentals driving its operations [12][13] - Management noted that the merger with Magellan is expected to create a larger, more diversified company with enhanced growth opportunities [13][121] Other Important Information - Moody's upgraded ONEOK's credit rating to Baa2 from Baa3, reflecting increased scale and growth opportunities from the merger [8] - The company has initiated a notes offering prior to the merger transaction close, monitoring market conditions for optimal timing [8] Q&A Session Summary Question: What is the upside opportunity of synergies from the merger? - Management indicated that the potential synergies could be around $800 million, significantly higher than the original $200 million discussed at the deal's announcement [15][41] Question: Can you discuss operational momentum and guidance for 2024? - Management noted strong operational momentum and indicated that guidance for 2024 would be provided in future periods, emphasizing that current numbers were primarily focused on 2023 [16][44] Question: What are the expected leverage targets post-merger? - Management stated that they aim for a long-term leverage target of around 3.5x, which they expect to achieve quickly with the merger [26] Question: Can you provide details on batching and blending opportunities? - Management highlighted that batching and blending are well understood operational techniques that can be realized on a larger scale post-merger, with significant potential for increased value [122][136] Question: What is the status of the Saguaro pipeline project? - Management confirmed that they expect to make a final investment decision on the Saguaro pipeline later this year, with ongoing evaluations of the project [134][70]

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 June 30, 2023. Registrant's telephone number, including area code (918) 588-7000 Securities registered pursuant to Section 12(b) of the Act: 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 n ...

ONEOK, Inc. (NYSE:OKE) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET Company Participants Andrew Ziola - Vice President, Investor Relations Pierce Norton - President and CEO Walt Hulse - Executive Vice President, Investor Relations and Corporate Development and CFO Kevin Burdick - Executive Vice President and Chief Commercial Officer. Sheridan Swords - Senior Vice President, Natural Gas Liquids and Natural Gas Gathering and Processing Chuck Kelley - Senior Vice President, Natural Gas Pipelines Co ...

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Table of Contents 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, 2023. 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 jurisdic ...