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ONEOK

ONEOK, Inc. engages in gathering, processing, fractionating, transporting, storing and marketing of natural gas. It operates through the following segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment offers midstream services to producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute NGLs and store NGL products, in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region, which includes the Williston, Powder River and DJ Basins, where it provides midstream services to producers of NGLs and deliver those products to the two market centers, one in the Mid-Continent in Conway, Kansas and the other in the Gulf Coast in Mont Belvieu, Texas. The Natural Gas Pipelines segment provides transportation and storage services to end users. The company was founded in 1906 and is headquartered in Tulsa, OK.

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ONEOK reports strong earnings, eyes growth in natural gas sectors

ONEOK's performance in Q4 and full-year 2022 was strong, meeting financial guidance.
The company's strengths lie in its solid base business, strong balance sheet, and expected double-digit earnings growth in key segments.
Challenges include settling incident claims and potential impacts from optimization changes.
Opportunities for ONEOK include higher earnings driven by natural gas processing, stable producer activity, and volume growth.

ONEOK reports robust Q1 earnings, eyes LNG projects for growth

ONEOK's Q1 2023 performance reflects financial strength and operational excellence across key segments
Credit rating upgrade, debt reduction, and strategic project alignment highlight the company's positive trajectory
Challenges in leverage management and pricing fluctuations require careful navigation for sustained growth
Opportunities in project expansions, strong regional performance, and market demand present avenues for future success

ONEOK reports strong Q2 earnings, anticipates synergies from Magellan merger

ONEOK's Q2 2023 Earnings Call provided insights into the company's financial performance, strategic initiatives, and future prospects. Executives and analysts discussed the company's increased financial guidance, pending merger with Magellan, and detailed updates on NGL volumes, natural gas gathering and processing, and natural gas pipeline segments.

ONEOK reports robust Q3 earnings, eyes global growth opportunities

ONEOK's Q3 performance reflects financial strength and growth momentum, supported by successful integration post-Magellan acquisition and increased guidance.
The company's focus on capital allocation flexibility, commercial synergies, and growth opportunities positions it well for future success.
Challenges in realizing synergies, managing leverage targets, and balancing capital allocation strategies require strategic execution and prudent decision-making.
Opportunities in export markets, regional growth, pipeline expansions, and commercial initiatives offer avenues for revenue diversification and operational enhancement.

ONEOK reports record volumes and strong financial performance in Q4 2023

ONEOK's Q4 2023 earnings call showcased robust financial performance, strategic growth initiatives, and a commitment to enhancing shareholder value through dividends and share repurchases. The company's focus on expanding its pipeline network, prioritizing safety, and pursuing sustainable growth positions it well for future success.

ONEOK reports robust Q1 earnings, eyes AI data center demand

ONEOK's Q1 2024 earnings call showcased strong financial performance, growth opportunities in natural gas demand, and exceeding synergy realization post-Magellan acquisition. Despite weather impacts and challenges in NGL volumes, the company remains focused on expansion projects and capital allocation strategies. Opportunities lie in AI-driven data center demand, future growth prospects, and disciplined M&A approach.

ONEOK reports robust Q2 earnings, eyes growth through acquisitions

ONEOK's Q2 2024 earnings call highlights a strong financial performance, strategic acquisitions, and expansion projects, positioning the company for continued growth.
While facing challenges in market dynamics and capital allocation, ONEOK remains focused on leveraging opportunities for expansion and value creation.
Investors can be optimistic about ONEOK's stable financial outlook, operational strengths, and commitment to balanced growth strategies in the energy sector.

ONEOK reports robust Q3 earnings, sets sights on $8B EBITDA

ONEOK's Q3 earnings call highlighted strong performance, increased guidance, and a positive outlook for future growth. Management discussed key segments, addressed analyst questions on growth trends and recent acquisitions, and signaled a quiet period for year-end. The company's focus on synergy opportunities and robust fee-based earnings underpin its strategic direction.

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TULSA, Okla. , Aug. 10, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that it has priced an offering to sell $5.25 billion of senior notes, consisting of: $750 million of 3-year senior notes at a coupon of 5.550%.

ONEOK Announces $5.25 Billion Notes Offering

ONEOK, Inc. (NYSE:OKE ) Q2 2023 Earnings Conference Call August 8, 2023 11:00 AM ET Company Participants Andrew Ziola - VP, IR Pierce Norton - President, CEO & Director Walter Hulse - CFO, Treasurer and EVP, IR & Corporate Development Kevin Burdick - EVP & Chief Commercial Officer Sheridan Swords - SVP, Natural Gas Liquids, Gathering & Processing Conference Call Participants Brian Reynolds - UBS Jeremy Tonet - JPMorgan Chase & Co. Theresa Chen - Barclays Bank Neil Mehta - Bank of America Merrill Lynch Craig Shere - Tuohy Brothers Tristan Richardson - Scotiabank Spiro Dounis - Citigroup Michael Blum - Wells Fargo Securities Sunil Sibal - Seaport Global Securities Keith Stanley - Wolfe Research Jean Salisbury - Sanford C. Bernstein & Co. Jacob Nivasch - Truist Securities Operator Good morning, everyone, and welcome to the ONEOK Second Quarter 2023 Earnings Conference Call and Webcast.

ONEOK, Inc. (OKE) Q2 2023 Earnings Call Transcript

ONEOK's (OKE) second-quarter 2023 earnings increase year over year, while revenues decline. Natural gas processed increases during the same period.

ONEOK (OKE) Beats on Q2 Earnings, Raises '23 EPS View

The headline numbers for Oneok (OKE) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Oneok (OKE) Reports Q2 Earnings: What Key Metrics Have to Say

Oneok Inc. (OKE) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.92 per share a year ago.

Oneok Inc. (OKE) Q2 Earnings Top Estimates

Increasing 2023 Financial Guidance TULSA, Okla. , Aug. 7, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced higher second quarter 2023 results and increased full-year 2023 financial guidance.

ONEOK Announces 13% Increase in Second Quarter 2023 Net Income and 10% Increase in Adjusted EBITDA

ONEOK's (OKE) second-quarter earnings are likely to have benefited from fee-based contracts and an increase in volumes in pipelines.

ONEOK (OKE) to Release Q2 Earnings: What's in the Offing?

ONEOK, Inc. is a more expensive company but it has a strong position in the natural gas industry. The company has a $30 billion market capitalization and an almost 6% dividend yield that it has a long history of increasing. The company is investing heavily within its business and we expect it to continue its growth, generating strong free cash flow and shareholder returns.

ONEOK Has Reliable Cash Flow Growth Potential

Axon Enterprise

Enphase Energy

Tyson Foods

U.S. Bancorp

After bringing you the second quarter installment covering mid-cap corporate insider activity, today's piece article will cover on the latest insider activity within the large-cap stock range. Insiders at Enphase Energy, Axon Enterprise, ONEOK, Inc., U.S. Bancorp, and Tyson Foods have shown unusual interest in their own companies' stocks, buying large amounts in the second quarter. Other notable insider purchases include the Saudi Sovereign Wealth Fund's $1.84 billion purchase of Lucid Group and Berkshire Hathaway's doubling down on Occidental Petroleum.

Strong Large-Cap Insider Buys: Q2 2023

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Here's Why Oneok Inc. (OKE) is a Strong Value Stock

Magellan Midstream Partners

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Magellan Midstream Partners, L.P. (NYSE: MMP) to ONEOK, Inc. (NYSE: OKE). Under the terms of the proposed transaction, shareholders of Magellan will receive $25.00 in cash and 0.6670 shares of ONEOK for each share of Magellan that they own. KSF is seeking to determine whether this consideration and the process.

MAGELLAN MIDSTREAM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Magellan Midstream Partners, L.P. - MMP

Launches New Website, MaximizingValueforMMPunitholders.com, Outlining Benefits of the Transaction and Tax Considerations for Magellan Unitholders Urges Unitholders to Vote "FOR" the Pending Merger TULSA, Okla. , July 25, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream Announces Filing of Definitive Proxy Statement in Connection with Pending ONEOK Transaction

Special Meeting of Shareholders Set for Sept. 21, 2023 ONEOK's Board of Directors Recommends Shareholders  Vote "FOR" All Proposals at the Special Meeting TULSA, Okla.

ONEOK Announces Filing of Definitive Proxy Statement in Connection with its Pending Acquisition of Magellan Midstream Partners

Report Underscores Benefits of Tax Structure and Value Transaction Delivers to Magellan Unitholders Magellan Urges Unitholders to Vote "FOR" the Pending Merger TULSA, Okla. , July 25, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream Comments on Report by Renowned Tax Expert, Robert Willens

Magellan Midstream Partners Chief Executive Aaron Milford said he is confident the pipeline operator's planned sale to larger peer ONEOK Inc for $18.8 billion will gain approval from its investors despite some opposition.

Magellan says confident sale to ONEOK will gain sufficient investor backing

ONEOK is a promising stock for income investors due to its 6% yield and good growth prospects, as well as its long dividend track record. The company is well-positioned for future growth as demand for natural gas is expected to rise, and it has reduced its net debt by $1+ billion over the past year. Risks include uncertainty over its acquisition of Magellan Midstream Partners and potential execution risks, but its solid dividend yield and low price-to-cash flow multiple make it attractive.

ONEOK: A Smart 6% Yield To Have Your Cake And Eat It Too

ONEOK Inc. is a top high-yield energy stock with a 6% yield, strong balance sheet, and substantial presence in the natural gas space. The company benefits from stable cash flow with over 90% fee-based income, making it appealing to income-focused investors. ONEOK's strategic growth plans, including the potential acquisition of Magellan Midstream Partners, support its long-term performance and dividend growth outlook.

Top-Tier Income: ONEOK's Undervalued 6% Yield

ONEOK Inc is set to become one of the largest energy infrastructure companies in the US following its acquisition of Magellan Midstream Partners, a deal valued at $18.8 billion. The acquisition is expected to significantly increase ONEOK's cash flow, supporting a growing dividend and potentially increasing earnings per share by 3% - 7% annually between 2024 and 2027. Despite potential regulatory scrutiny and the need to efficiently leverage the acquisition, ONEOK is rated as a 'buy' due to its solid dividend, recent performance, and great outlook.

ONEOK - Buying For The Dividend And The Growth

Magellan Board Unanimously Recommends Unitholders Vote "FOR" the Pending Merger TULSA, Okla. , July 11, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream Sets Record and Meeting Dates for Pending ONEOK Merger Vote

TULSA, Okla. , July 10, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) will release second quarter 2023 earnings after the market closes on Aug. 7, 2023.

ONEOK Second Quarter 2023 Conference Call and Webcast Scheduled

ONEOK (OKE) is likely to further benefit from high fee-based earnings and midstream assets located in highly productive regions.

ONEOK (OKE) Rides on High Fee-Based Earnings & Expansion Efforts

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Why Oneok Inc. (OKE) is a Top Value Stock for the Long-Term

TULSA, Okla. , June 27, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P.

ONEOK and Magellan Announce Expiration of Hart-Scott-Rodino Act Waiting Period

Recent regulatory filings from ONEOK (OKE) and Magellan Midstream Partners, LP (MMP) provide insight into the expected deal synergies. Midstream corporation ONEOK announced last month it will acquire MLP Magellan in a cash-and-stock deal valued at $18.8 billion.

Additional ONEOK-Magellan Deal Details Disclosed in SEC Filings

Energy Income Partners opposes ONEOK's acquisition of Magellan Midstream Partners due to tax consequences and potential loss of value. The acquisition would create a larger energy infrastructure footprint in Middle America, making it more attractive for larger players. Despite opposition, the deal could benefit ONEOK shareholders by increasing margins and creating a stronger combined entity.

News for ONEOK Stock (OKE)