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 ...

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 ...

Leadership Appointments - ONEOK, Inc. announced the appointment of Randy N. Lentz as executive vice president and chief operating officer, responsible for all asset operations [1] - Sheridan C. Swords has been appointed as executive vice president and chief commercial officer, overseeing the Natural Gas Pipelines segment in addition to his previous responsibilities [1][2] Company Overview - ONEOK is a leading midstream operator providing gathering, processing, fractionation, transportation, and storage services through a pipeline network exceeding 50,000 miles [3] - The company plays a crucial role in meeting domestic and international energy demand, contributing to energy security, and providing reliable energy solutions [3] Strategic Direction - The leadership changes are part of ONEOK's intentional and disciplined approach to building a diversified, fully integrated energy infrastructure company [2]