TULSA, Okla., April 24, 2025 /PRNewswire/ -- The board of directors of ONEOK, Inc. (NYSE: OKE) today declared a quarterly dividend of $1.03 per share, unchanged from the previous quarter, resulting in an annualized dividend of $4.12 per share.
The dividend is payable May 15, 2025, to shareholders of record at the close of business May 5, 2025.
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, storage and marine export services. Through our approximately 60,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest integrated energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world.
TULSA, Okla., April 1, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will release first quarter 2025 earnings after the market closes on April 29, 2025. Members of ONEOK's management team will participate in a conference call the following day.
What:
ONEOK first quarter 2025 earnings conference call and webcast
When:
11 a.m. Eastern, April 30, 2025
10 a.m. Central
Where:
1) Phone conference call dial 877-883-0383, entry number 3676307
2) Log on to the webcast at www.oneok.com
TULSA, Okla., Feb. 27, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will hold its 2025 annual meeting of shareholders at 9 a.m. Central Time on May 21, 2025, as a virtual meeting only. The meeting will be accessible through a live webcast.
The record date for determining shareholders entitled to receive notice of the meeting and to vote is March 24, 2025.
What:
ONEOK, Inc. 2025 Annual Meeting of Shareholders
When:
9 a.m. Central, May 21, 2025
Where:
Virtual meeting only. A live webcast of the meeting will be available.
How:
Registration will open on April 2, 2025. Visit www.oneok.com for more information. Enter the control number from the proxy card at the time of registration.
Higher 2025 Expectations Driven by Volume Growth, Completed Projects and Expanded Operations
TULSA, Okla., Feb. 24, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced 2025 financial guidance and provided a 2026 growth outlook.
2025 Financial Guidance:
Net income including noncontrolling interests midpoint of $3.45 billion, an 11% increase year-over-year.Net income excluding noncontrolling interests midpoint of $3.36 billion (most of which is related to the EnLink acquisition closing on Jan. 31, 2025), an 11% increase year-over-year.Earnings per diluted share midpoint of $5.37, an 8% increase year-over-year, excluding one-time items in 2024, including transaction-related costs and divestitures.Adjusted EBITDA midpoint of $8.225 billion (excluding transaction costs), a 21% increase year-over-year.Approximately $2.8 billion to $3.2 billion in total capital expenditures.Completed Projects and Expanded Asset Base Provide a Platform For Growth
TULSA, Okla., Feb. 24, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced higher fourth quarter and full-year 2024 results.
Higher Fourth-quarter 2024 Results, Compared With Fourth Quarter 2023:
Net income including noncontrolling interests of $1.0 billion.Net income excluding noncontrolling interests of $923 million (most of which is related to the EnLink acquisition closing on Jan. 31, 2025), resulting in $1.57 per diluted share.Adjusted EBITDA of $2.17 billion.3% increase in Rocky Mountain region NGL raw feed throughput volumes.4% increase in crude oil volume shipped.11% increase in total wells connected.Expands and Extends Integrated NGL Value Chain
TULSA, Okla., Feb. 4, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) and MPLX LP (NYSE: MPLX) have entered into definitive agreements to form joint ventures to construct a new large-scale 400,000-barrel per day (bpd) liquefied petroleum gas (LPG) export terminal in Texas City, Texas, and a new 24-inch pipeline from ONEOK's Mont Belvieu, Texas, storage facility to the new terminal.
Texas City Logistics LLC (TCX), the export terminal joint venture, is owned 50% by ONEOK and 50% by MPLX, with MPLX constructing and operating the facility, and is expected to be completed in early 2028. ONEOK's and MPLX's share of the total investment in the export terminal is expected to be approximately $700 million each for a total of $1.4 billion. The export terminal will leverage Marathon's existing location and infrastructure providing construction timing and cost benefits.
Transaction Strengthens ONEOK's Integrated Value Chain and Further Diversifies Platform
TULSA, Okla., Jan. 31, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) (ONEOK) today announced that it has completed its acquisition of EnLink Midstream, LLC (EnLink).
EnLink unitholders approved the transaction at a special meeting on Jan. 30, 2025.
"The completion of this acquisition further enhances ONEOK's integrated midstream business and provides exceptional value to all stakeholders, including EnLink unitholders who we now welcome as ONEOK shareholders," said Pierce H. Norton II, ONEOK president and chief executive officer.
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, resulting in 82.9% of outstanding units voting in favor. EnLink will disclose the final vote results of its Special Meeting on a Form 8-K filed with the U.S. Securities and Exchange Commission.
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 billion share repurchase authorization, which it expects to largely utilize over the next three years.
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").
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 webcast at www.oneok.com
TULSA, Okla., Jan. 6, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced two executive leadership appointments, both of which are effective immediately.
Randy N. Lentz, chief executive officer and founder of Medallion Midstream, is assuming the newly created position of executive vice president and chief operating officer. In this role, Lentz is responsible for all of ONEOK's asset operations.
Guardian, Midwestern and Viking Gas Transmission Pipelines Sold to DT Midstream for $1.2 Billion
TULSA, Okla., Dec. 31, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that it has closed the sale of its three wholly owned interstate natural gas pipeline systems to DT Midstream, Inc. (NYSE: DTM), effective as of 11:59 p.m. Central on Dec. 31, 2024, for a total cash consideration of $1.2 billion, subject to customary adjustments.
Special Meeting of EnLink Unitholders Set for Jan. 30, 2025
EnLink's Board of Directors Recommends Unitholders Vote "FOR" All Proposals at the Special Meeting
ONEOK Will Vote its EnLink Units "FOR" All Proposals
TULSA, Okla., Dec. 31, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and EnLink Midstream, LLC (NYSE: ENLC) ("EnLink") today announced the filing of EnLink's definitive proxy materials with the U.S. Securities and Exchange Commission (the "SEC") in connection with ONEOK's pending acquisition of the remaining publicly held common units of EnLink.
TULSA, Okla., Dec. 9, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in an investor conference this week and in a fireside chat session at 11 a.m. Eastern Time (10 a.m. Central Time) on Tuesday, Dec. 10.
The session will be webcast live on ONEOK's website at www.oneok.com. The webcast will also be available for replay. 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 oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest diversified energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the lives of people in the U.S. and around the world.
Includes MB-6 NGL Fractionator and Full Looping of the West Texas NGL Pipeline
TULSA, 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 ability to serve growing NGL market demand.
Consideration of 0.1412 shares of ONEOK common stock for each outstanding publicly held EnLink common unit
TULSA, 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.
Assets to be Sold Include Guardian, Midwestern and Viking Gas Transmission
TULSA, Okla., Nov. 19, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") today announced that it has executed a definitive agreement with DT Midstream, Inc. (NYSE: DTM) ("DT Midstream") under which 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. Based on Federal Energy Regulatory Commission (FERC) filings, the purchase price represents 10.8 times previous 12 months EBITDA as of June 30, 2024.
North Dakota Wildfire Devastates Approximately 126,000 Acres; ONEOK Foundation Contributes to Relief for Impacted Cattle Producers
TULSA, Okla., Nov. 19, 2024 /PRNewswire/ -- The ONEOK Foundation donated $100,000 to the North Dakota Stockmen's Association (NDSA) and the North Dakota Stockmen's Foundation Out of the Ashes Wildfire Disaster Relief Program. The relief fund, established to provide vital assistance and offset losses for impacted cattle producers following the historic North Dakota wildfires, has now reached $723,114.56 with the latest contribution.
TULSA, Okla., Nov. 12, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will participate in the BofA Securities Global Energy Conference on Nov. 13, 2024, in Houston.
Members of ONEOK's management team will participate in a fireside chat session at 2:20 p.m. Eastern Time (1:20 p.m. Central Time) on Wednesday, Nov. 13.
The session will be webcast live on ONEOK's website at www.oneok.com. The webcast will also be available for replay. ONEOK's latest investor materials are available at www.oneok.com.
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