OKE has plans to connect the pipelines to its Mont Belvieu, TX, NGL infrastructure and ONEOK's Houston refined products and crude oil infrastructure. In September 2023, ONEOK completed its acquisition of Magellan Midstream Partners for $18.8 billion. The agreement opened up Magellan's primarily fee-based refined products and crude oil transportation business to ONEOK. This merger deal created one of the largest oil and natural gas pipeline companies in the United States. According to a Bloomberg report, the ...

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, we transport the natural gas, natural gas liquids (NGLs), refined products and crude that help meet domestic and international energy demand, contribute to energy security and pr ...

Latest Acquisition Accelerates Commercial Synergies for ONEOK TULSA, Okla., June 17, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that it has completed its acquisition of a system of natural gas liquids (NGL) pipelines from Easton Energy for approximately $280 million. "The closing of this strategic acquisition provides immediate earnings, expands our natural gas liquids asset portfolio and accelerates ONEOK's ability to capture commercial synergies related to our recent acquisition of Magel ...

ONEOK, Inc. (NYSE:OKE) has a strong runway ahead of itself as producers improve well performance paired with the firm's continued execution of bolt-on acquisitions to expand their NGL pipeline reach. In addition to this, there may be some strong tailwinds for ONEOK and other gas midstream operators in the coming years, as new AI factories may drive up demand for dedicated power sources in the coming years. Overall, between the potential cyclical upswing for petrochemical producers and the growing demand for ...

A month has gone by since the last earnings report for Oneok Inc. (OKE) . Shares have added about 3.5% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Oneok due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. ONEOK Q1 Earnings & Revenues Fall Shy of Estimates ONEOK ...

TULSA, Okla., May 28, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in investor meetings at the Bernstein Strategic Decisions Conference May 29-30, 2024, in New York. 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 ...

tolgart ONEOK (NYSE:OKE) and Enbridge (ENB) are well-diversified companies with exposure to numerous energy sub-sectors and extensive pipeline networks that play a mission-critical role in the North American energy supply chain. Both companies have fully integrated business models and competitively positioned networks, along with strong counterparties, lengthy contracts, and relatively low commodity price exposure. However, these companies have remarkably different growth outlooks and dividend yields, makin ...

Oneok is buying $280 million of pipelines to accelerate its ability to capture commercial synergies and earnings growth. Oneok (OKE 0.66%) surprised many in the midstream sector last year when it agreed to buy Magellan Midstream Partners in a massive $18.8 billion deal. The transaction enhanced its diversification and growth profile. It expects the deal to deliver free-cash-flow per-share accretion of more than 20% annually through 2027, fueled partly by capturing at least $200 million of synergies each yea ...

Accelerates Commercial Synergies From Magellan Acquisition TULSA, Okla., May 13, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that it has agreed to acquire a system of natural gas liquids (NGL) pipelines from Easton Energy, a Houston-based midstream company, for approximately $280 million, subject to customary purchase price adjustments. The transaction includes approximately 450 miles of NGL pipelines located in the strategic Gulf Coast market centers for NGLs, refined products and crude oi ...

| --- | --- | --- | |---------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | First Quarter | | | | 2024 Results | | | | | | | | April 2024 | | | Natural Gas Liquids Refined Products Natural Gas Gathering & Processing Natural Gas Pipelines Crude Oil Growth Project Operating costs decreased in the natural gas liquids, natural gas gathering and processing and natural gas pipelines segments due primarily to the lower allocation of corporate costs (now also being allocated to t ...