TULSA, Okla., Jan. 22, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and EnLink Midstream, LLC (NYSE: ENLC) ("EnLink") today announced that the two leading independent proxy advisory firms, Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. (Glass Lewis), have recommended that EnLink unitholders vote in favor of ONEOK's pending acquisition of the remaining publicly held common units of EnLink at the upcoming Special Meeting of EnLink Unitholders (the "Special Meeting"). The Special ...

TULSA, Okla., Jan. 21, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will release fourth quarter and year-end 2024 earnings after the market closes on Feb. 24, 2025. Members of ONEOK's management team will participate in a conference call the following day. What: ONEOK fourth quarter and year-end 2024 earnings conference call and webcast When: 11 a.m. Eastern, Feb. 25, 2025 10 a.m. Central Where: 1) Phone conference call dial 877-883-0383, entry number 0386035 2) Log on to the webc ...

ONEOK Inc. (OKE) stands to benefit from higher fee-based earnings and midstream assets located in productive regions. The company also continues to gain from a diverse customer base.However, this Zacks Rank #2 (Buy) company faces risks related to intense competition in the pipeline business.OKE’s TailwindsWith production volumes resuming normalcy, ONEOK is poised to benefit from long-term fee-based commitments in all three of its segments. The company expects more than 90% of 2024 revenues to be fee-based.O ...

Core Viewpoint - Oneok Inc. is expected to report strong earnings growth and revenue increase in its upcoming earnings release, indicating positive business trends and investor interest [2][3]. Company Performance - Oneok Inc. closed at $106.04, reflecting a +1.98% increase from the previous day, outperforming the S&P 500's daily gain of 0.12% [1]. - The stock has risen by 1.1% over the past month, contrasting with the Oils-Energy sector's decline of 8.42% and the S&P 500's loss of 3.45% [1]. Earnings Estimates - The projected earnings for Oneok Inc. are $1.46 per share, representing a year-over-year growth of 23.73% [2]. - Revenue is expected to reach $6.67 billion, showing a 27.47% increase compared to the same quarter last year [2]. Analyst Sentiment - Recent adjustments to analyst estimates indicate optimism regarding Oneok Inc.'s business and profitability [3]. - The Zacks Rank system currently rates Oneok Inc. as 2 (Buy), reflecting positive sentiment among analysts [5]. Valuation Metrics - Oneok Inc. has a Forward P/E ratio of 17.29, which is higher than the industry average of 13.64 [6]. - The company has a PEG ratio of 4.44, significantly above the industry average of 1.44, indicating a premium valuation relative to expected earnings growth [7]. Industry Context - The Oil and Gas - Production Pipeline - MLB industry, to which Oneok Inc. belongs, ranks in the top 11% of all industries according to the Zacks Industry Rank [8]. - Strong industry performance is suggested, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8].

I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking AlphaAnalyst’s Disclosure: I/we have a beneficial long position in the shares of OKE, ENB, K ...

TULSA, Okla., Jan. 6, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced two executive leadership appointments, both of which are effective immediately.Randy N. Lentz, chief executive officer and founder of Medallion Midstream, is assuming the newly created position of executive vice president and chief operating officer. In this role, Lentz is responsible for all of ONEOK's asset operations.  Randy N. Lentz Sheridan C. Swords Sheridan C. Swords, previously executive vice president, commer ...

ONEOK (NYSE: OKE ) is a midstream platform that generates the majority of its earnings from long term delivery contracts that allow for a high degree of cash flow and distribution visibility. The midstream firm is also seeing very solid growth inI look for high-risk, high-reward situations, mainly in the technology markets. I am an early buyer of Bitcoin and my portfolio mainly focused on companies with asymmetric long-term upside. My top holdings include: Bitcoin, Tesla, Google, Amazon and Nvidia.Analyst’s ...

ONEOK's NGL Projects - ONEOK completed MB-6, a 125,000 bpd NGL fractionator in Mont Belvieu, TX, and fully looped the West Texas NGL Pipeline system, enhancing midstream solutions [1] - MB-6 increases ONEOK's fractionation capacity to over 1 million bpd, reducing reliance on third-party fractionation and improving market demand fulfillment [2] - The West Texas NGL pipeline system's full looping increases capacity to 515,000 bpd, with additional pump stations expected to boost capacity to 740,000 bpd by mid-2025 [2] Global NGL Market Growth - The global NGL market is projected to grow at a CAGR of 5.7% from 2023 to 2032, reaching $32.6 billion by 2032 [3] - Market growth is driven by natural gas production, energy demand, economic growth, technological advancements, and supply-demand dynamics [3] Competitor Analysis - Targa Resources (TRGP) reported Q3 2024 fractionation volumes of 953.8 thousand bpd, a 20% YoY increase from 793.4 thousand bpd [5] - TRGP's long-term earnings growth rate is 40.46%, with a 71.6% YoY increase in 2024 EPS [6] - Enterprise Products (EPD) operates a 50,000-mile pipeline network, with 19 gas processing units, 25 fractionators, and 11 condensate distillation facilities [6] - EPD's long-term earnings growth rate is 7.21%, with a 6.3% YoY increase in 2024 earnings per unit [7] - Energy Transfer (ET) owns 5,700 miles of NGL pipelines with 3 million bpd capacity and exports over 1.1 million bpd, accounting for 20% of the global NGL market [8] - ET's long-term earnings growth rate is 23.24%, with a 21.1% YoY increase in 2024 earnings per unit [9] ONEOK's Stock Performance - ONEOK's shares rose 37.4% over the past six months, outperforming the industry's 24.3% growth [10] - Since June 5, 2024, ONEOK's stock price return was 47.9%, compared to the Oil/Gas Prod Pipeline Mlp Market's 41.7% [11]

Includes MB-6 NGL Fractionator and Full Looping of the West Texas NGL PipelineTULSA, Okla., Dec. 4, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced the completion of MB-6, a 125,000-barrel per day (bpd) natural gas liquids (NGL) fractionator in Mont Belvieu, Texas, and the full looping of the West Texas NGL Pipeline system.The completion of MB-6 increases the company's fractionation capacity to more than 1 million bpd, reducing the need for third-party fractionation and enhancing ONEOK's abilit ...

I’m not enthusiastic about seeing my EnLink units (which have been earning a strong free cash flow) diluted into a larger company. I view the acquisition of EnLink ( ENLC ) by ONEOK (NYSE: OKE ) as net negative for EnLinkI have over 30 years of personal investing experience. My articles cover mostly small to mid sized midstream companies and larger topics like the energy transition and macro questions, like when will we hit peak shale? I consider myself a value investor and recommend companies that produce ...