ONEOK(OKE)
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This Magnificent High-Yield Dividend Stock Is Making $5.9 Billion of Acquisitions to Supercharge Its Growth Engine
The Motley Fool· 2024-08-31 10:25
Oneok is making two acquisitions to enhance its portfolio and growth profile. Oneok (OKE 2.45%) has done a magnificent job paying dividends over the years. The pipeline giant has delivered over a quarter-century of dividend stability and growth. While it hasn't increased its payout every single year, it has grown its dividend by a peer-leading rate of more than 150% over the last decade. The pipeline stock is now adding even more fuel to grow its high-yielding dividend (recently around 4.5%). It's making tw ...
ONEOK Inks $5.9B Deal With GIP to Expand Permian Presence
ZACKS· 2024-08-30 17:50
ONEOK, Inc. (OKE) has announced a significant move to expand its presence in the Permian and MidContinent basins by acquiring midstream assets worth $5.9 billion from Global Infrastructure Partners ("GIP") in two deals. This strategic acquisition will further strengthen ONEOK's position in the U.S. production pipeline and storage industry. ONEOK's Strategic Investments ONEOK's acquisitions include GIP's 43% stake in EnLink Midstream ("ENLC") for $14.90 per unit and full interest in EnLink's managing member, ...
ONEOK to Acquire Medallion and Controlling Interest in EnLink from Global Infrastructure Partners in Transactions Valued at $5.9 Billion
Prnewswire· 2024-08-29 01:29
Establishes fully integrated Permian Basin platform at scale Expands and extends footprint in Mid-Continent, North Texas and Louisiana Delivers immediate accretion to EPS and FCF supporting capital allocation strategy Provides significant synergies through complementary asset positions Maintains ONEOK's strong investment-grade credit ratings ONEOK intends to pursue a tax-free acquisition of the EnLink publicly held interests following the closing of this transaction TULSA, Okla., Aug. 28, 2024 /PRNewswire/ ...
Pipeline Payday: Buying 4.5%-Yielding ONEOK Before It's Too Late
Seeking Alpha· 2024-08-27 17:38
Cash Flow Finance. The word Cash Flow in the background of the US dollar. Money Flowing through a Business Pipeline. Financial Income, Budgeting, and Cash Man Yauhen Akulich Introduction What's the Fed up to? If you can answer this question, you'll be able to make a ton of money on Wall Street. Unfortunately, none of us know what the Fed will do, which means we'll need to find the best risk/reward with the data at hand. Luckily, Fed Chair Jerome Powell's most recent speech at the Kansas City Fed's economic ...
ONEOK to Participate in Citi Midstream and New Energy Infrastructure Conference
Prnewswire· 2024-08-12 20:15
TULSA, Okla., Aug. 12, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in investor meetings at the Citi Midstream and New Energy Infrastructure Conference, Aug. 13-14, 2024, in Las Vegas. 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 ...
ONEOK(OKE) - 2024 Q2 - Quarterly Report
2024-08-06 20:17
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, 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) | --- | --- | |---------------------------- ...
ONEOK(OKE) - 2024 Q2 - Earnings Call Transcript
2024-08-06 20:03
ONEOK Inc (NYSE:OKE) Q2 2024 Results Conference Call August 6, 2024 2:00 AM ET Company Participants Andrew Ziola - Vice President of Investor Relations Pierce Norton - President, CEO & Director Walter Hulse - CFO, Treasurer and Executive VP of Investor Relations Sheridan Swords - EVP of Commercial Liquids and Natural Gas Gathering & Processing Charles Kelley - Senior Vice President of Commercial Natural Gas Pipelines Conference Call Participants Spiro Dounis - Citi Jeremy Tonet - JPMorgan Theresa Chen - Bar ...
ONEOK (OKE) Q2 Earnings Top Estimates, Revenues Miss
ZACKS· 2024-08-06 13:00
ONEOK Inc. (OKE) reported second-quarter 2024 operating earnings per share (EPS) of $1.33, which surpassed the Zacks Consensus Estimate of $1.18 by 12.7%. The bottom line also improved 27.9% from the year-ago quarter's figure of $1.04 per share. Total Revenues Operating revenues totaled $4.89 billion, which missed the Zacks Consensus Estimate of $5.52 billion by 11.3%. However, the top line improved 31.1% from $3.73 billion in the prior-year quarter. ONEOK, Inc. Price, Consensus and EPS Surprise Highlights ...
ONEOK(OKE) - 2024 Q2 - Quarterly Results
2024-08-05 20:38
Exhibit 99.1 Analyst Contact: Megan Patterson 918-561-5325 Media Contact: Brad Borror 918-588-7582 News August 5, 2024 ONEOK Announces Higher Second Quarter 2024 Earnings; Affirms 2024 Financial Guidance Record Rocky Mountain Region Volumes TULSA, Okla. - Aug. 5, 2024 - ONEOK, Inc. (NYSE: OKE) today announced higher second quarter 2024 results and affirmed full-year 2024 financial guidance. Second Quarter 2024 Results, Compared With Second Quarter 2023: Net income of $780 million, resulting in $1.33 per dil ...
ONEOK (OKE) to Report Q2 Earnings: What's in the Offing?
ZACKS· 2024-08-02 14:26
ONEOK Inc. (OKE) is scheduled to release second-quarter 2024 results on Aug 5, after market close. The company delivered a negative earnings surprise of 3.5% in the last reported quarter. Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Factors to Consider ONEOK's second-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. During the second quarter, the company completed t ...