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 ...

A month has gone by since the last earnings report for Oneok Inc. (OKE) . Shares have added about 17.1% in that time frame, outperforming 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 drivers. ONEOK Misses on Third-Quarter Earnings, Raises 2024 Guidance ...

November 25th ended up being a very interesting day for shareholders of midstream/pipeline giant ONEOK (NYSE: OKE ). This is because the stock dropped after, the evening before, announcing that management had agreed to acquire the rest ofCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth ...

Oneok (OKE -4.72%) has been busy over the past couple of years. The midstream giant has closed several acquisitions that significantly increased its scale, diversification, and growth profile. That wheeling and dealing has continued this month. The company recently unveiled two more deals to further enhance its scale and strengthen its financial profile. These transactions will also give it more fuel to grow its nearly 3.5%-yielding dividend.The transaction binge continuesOneok began its transformational sh ...

ONEOK, Inc. (OKE) announced that it has signed a definitive merger agreement, under which it will acquire all of the outstanding publicly held common units of EnLink Midstream (ENLC) for $4.3 billion in ONEOK common stock.This new deal was initiated after ONEOK successfully completed its acquisition of Global Infrastructure Partners' entire interest in EnLink on Oct. 15, 2024, for a total cash consideration of nearly $3.3 billion.Key Details of OKE’s Merger DealAs per the agreement, each outstanding common ...

Consideration of 0.1412 shares of ONEOK common stock for each outstanding publicly held EnLink common unitTULSA, Okla., Nov. 24, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and EnLink Midstream, LLC (NYSE: ENLC) ("EnLink") today announced that they have executed a definitive merger agreement under which ONEOK will acquire all of the outstanding publicly held common units of EnLink for $4.3 billion in ONEOK common stock.  EnLink Midstream logo Under the agreement, each outstanding common unit ...

ONEOK, Inc. (OKE) announced that it has executed a definitive agreement with DT Midstream, Inc. (DTM) . Under this agreement, ONEOK will sell its three wholly owned interstate natural gas pipeline systems for a total cash consideration of $1.2 billion, subject to customary adjustments.The transaction, unanimously approved by the boards of directors of both ONEOK and DT Midstream, is expected to be closed in the fourth quarter of 2024, subject to customary closing conditions, including Hart-Scott-Rodino Act ...