ONEOK Benefits From Strategic Acquisitions & Fee-Based Earnings

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 ...