Core Viewpoint - Summit Midstream Corporation has appointed Chris Tennant as Senior Vice President and Chief Commercial Officer to enhance its commercial strategy and long-term growth initiatives [1][4]. Group 1: Appointment Details - Chris Tennant's role will focus on overseeing Summit's commercial strategy, customer relationships, and long-term growth initiatives [1]. - His appointment is aimed at reinforcing Summit's commitment to disciplined growth and delivering long-term value for shareholders [1]. Group 2: Executive Background - Chris Tennant has over three decades of experience in the U.S. energy value chain, specializing in midstream strategy and commercial optimization [2]. - He previously served as Senior Vice President and Chief Commercial Officer Midstream at Matador Resources, where he developed midstream strategies and expanded third-party contracts [3]. - Prior to Matador, Chris spent 14 years at EnLink Midstream in various senior commercial leadership roles, focusing on commercial performance across multiple energy sectors [3]. Group 3: Company Overview - Summit Midstream Corporation is focused on developing, owning, and operating midstream energy infrastructure assets in key unconventional resource basins in the continental United States [4]. - The company provides gathering, processing, and transportation services for natural gas, crude oil, and produced water, primarily through long-term, fee-based agreements [4]. - Summit operates in five unconventional resource basins, including the Williston, Denver-Julesburg, Fort Worth, Arkoma, and Piceance Basins [4].

Investor Presentation May 2025 Forward-Looking Statements Statements contained in this presentation regarding company expectations, outlooks, targets, predictions and other similar statements should be considered forward-looking statements that are covered by the safe harbor protections provided under federal securities legislation and other applicable laws. It is important to note that actual results could differ materially from those projected in such forward-looking statements. For additional information ...

Core Viewpoint - Oneok is positioned as an attractive long-term investment opportunity due to its high-yielding dividend and strong earnings growth potential, with total returns averaging 13% annually over the past decade [1][2]. Financial Performance - Oneok has achieved a remarkable adjusted EBITDA growth rate of over 16% annually for 11 consecutive years, despite declines in crude oil prices during this period [3]. - The company's adjusted EBITDA is projected to increase from $5.2 billion in 2023 to over $8.2 billion in 2024, representing a nearly 60% surge [6]. Growth Drivers - The company has made significant acquisitions, including an $18.8 billion acquisition of Magellan Midstream Partners in 2023 and a $5.9 billion purchase of Medallion Midstream and a controlling interest in EnLink Midstream [5]. - Oneok expects to capture over $250 million in synergies from its acquisitions this year, with additional synergies anticipated in 2026 and 2027 [7]. Expansion Projects - Oneok is undertaking several organic expansion projects, including the expansion of its refined products system in Denver, expected to be completed by mid-2024, and a 210,000-barrel-per-day natural gas liquids fractionator in Medford, OK, set to come online in late 2026 and early 2027 [8]. - A joint venture with MPLX to build an LPG export terminal in Texas City, Texas, and a new pipeline is also in progress, with completion expected in early 2028 [9]. Dividend and Shareholder Returns - The company anticipates increasing its dividend payout by approximately 3% to 4% per year, supported by strong earnings growth from both acquisitions and organic projects [10]. - Oneok's combination of income and growth positions it as a compelling investment opportunity for those seeking both yield and capital appreciation [11].

Core Viewpoint - ONEOK, Inc. reported higher first quarter 2025 results compared to the same period in 2024 and affirmed its full-year 2025 financial guidance, driven by increased volumes in the Rocky Mountain region and contributions from strategic acquisitions [1][2][4]. Financial Performance - Net income for the first quarter of 2025 was $691 million, with net income attributable to ONEOK at $636 million, resulting in diluted earnings per share of $1.04 [8][10]. - Adjusted EBITDA for the quarter was $1.775 billion, reflecting a significant increase from $1.441 billion in the first quarter of 2024 [8][10]. - Operating income rose to $1.220 billion, up from $1.064 billion in the previous year [8]. Volume and Growth - There was a 15% increase in NGL raw feed throughput volumes and a 7% increase in natural gas volumes processed in the Rocky Mountain region [8]. - The performance was supported by a full quarter of adjusted EBITDA from the EnLink and Medallion acquisitions, alongside higher processing volumes [11]. Strategic Initiatives - ONEOK completed the acquisition of EnLink Midstream on January 31, 2025, which contributed to the financial results [9]. - The company announced joint ventures for a new 400,000-barrel per day LPG export terminal in Texas City, Texas, and a pipeline connecting to its Mont Belvieu storage facility [9]. - ONEOK repurchased 190,000 shares of common stock for $17.4 million under its $2 billion share repurchase program, totaling 1.865 million shares repurchased since January 2024 [9]. Capital Expenditures - Total capital expenditures for the first quarter of 2025 were $629 million, compared to $512 million in the same quarter of 2024 [8]. - The Natural Gas Liquids Segment reported adjusted EBITDA of $635 million, while the Refined Products and Crude Segment reported $471 million [13][14]. Future Outlook - The company expects continued execution on acquisition-related synergies and organic growth projects to support growth throughout 2025, enhancing shareholder value [4].