Latest news with #ONEOK
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4 days ago
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ONEOK (OKE) Asserts Shareholder Value Commitment with $1.03 Quarterly Dividend
ONEOK, Inc. (NYSE:OKE) is one of the best depressed stocks to buy in 2025. On July 16, the company reiterated its commitment to shareholder value by maintaining a quarterly dividend of $1.03 a share. The quarterly dividend translates to an annualized dividend of $4.12 a share. Photo by Max Bender on Unsplash The company will pay a $1.03 per share dividend on August 14, 2025, to shareholders of record as of August 1, 2025. As it stands, ONEOK rewards investors with a 5.15% dividend yield, which is significantly above industry averages. The dividend offering follows the completion of the acquisition of the Delaware Basin JV for $940 million. The acquisition is poised to enhance ONEOK's operations in the Permian Basin by granting it full ownership of natural gas gathering and processing facilities in the Delaware Basin. ONEOK, Inc. (NYSE:OKE) is an energy company focused on midstream services in natural gas and natural gas liquids (NGLs) processing and transportation. It owns and operates an extensive network of pipelines, processing plants, and storage facilities, connecting energy producers with end-users. While we acknowledge the potential of OKE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Medical AI Companies to Buy According to Analysts and . Disclosure: None. This article is originally published at Insider Monkey. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
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5 days ago
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ONEOK Prices $3B Senior Notes Offering to Refinance Debt
ONEOK (OKE) announced a $3 billion offering of senior notes across three maturities, with proceeds earmarked to refinance existing debt and for general corporate purposes. The midstream company plans to use the funds to fully repay its outstanding commercial paper and senior notes maturing Sept. 15. Any remaining proceeds will go toward other corporate needs, including potential debt repurchases, the company said in an Aug. 7 announcement. The offering includes $750 million in 7-year notes with a 4.95% coupon, $1 billion in 10-year notes at 5.40%, and $1.25 billion in 30-year notes at 6.25%. The net proceeds are expected to total approximately $2.96 billion. The offering is scheduled to close Aug. 12. Mizuho, PNC Capital Markets, TD Securities, Truist and other major financial institutions are acting as joint book-running managers and co-managers for the transaction. Sign in to access your portfolio
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5 days ago
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ONEOK Releases Annual Corporate Sustainability Report
TULSA, Okla., Aug. 7, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced the release of its 17th annual Corporate Sustainability Report. The report is available on ONEOK's website, 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. ONEOK is an S&P 500 company headquartered in Tulsa, Oklahoma. For information about ONEOK, visit the website: For the latest news about ONEOK, find us on LinkedIn, Facebook, X and Instagram. Analyst Contact: Megan Patterson918-561-5325 Media Contact: Annell Morrow918-894-8740 View original content to download multimedia: SOURCE Oneok, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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7 days ago
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ONEOK Sanctions $365MM Sour Gas Plant in Delaware Basin
ONEOK Inc. reached a final investment decision on a $365 million sour gas processing plant in the Delaware Basin, the company announced Aug. 5 as part of its second-quarter earnings presentation. The Big Horn plant will have a capacity of 300 MMcf/d and have the ability to treat gas with a high amount of CO2. The project is supported by dedicated production acres and is expected to be complete by mid-2027. Sour gas treatment has become a big topic in the Delaware processing sector. Less than a week before ONEOK publicized the project, MPLX announced a $2.38 billion agreement to buy Northwind Midstream, a company specializing in sour gas processing in the basin. ONEOK's Big Horn plant will increase the company's Delaware processing capacity to 1.1 Bcf/d. 'The Permian Basin continues to be a key area of strategic growth for us, and we will continue to be actively engaged and intentional in assessing opportunities to expand and enhance our integrated operations within the basin,' said Sheridan Swords, ONEOK chief commercial officer, during the company's second quarter earnings conference call. Overall, Tulsa-based ONEOK reported increasing natural gas traffic on its network in the second quarter. Swords reported that, following a seasonally down first quarter, natural gas volumes increased and the company saw double-digit NGL growth across all regions. The company's entire NGL network transported about 1.527 MMbbl/d, an 18% increase in volume, according to the company's report. For the rest of the year, ONEOK has kept its original 2025 financial guidance ranges, including a net income of between $3.1 billion to $3.6 billion. The company, however, decreased its projected 2026 earnings guidance by 2% due to caution caused by an unstable macroenvironment, said Walter Hulse, ONEOK's CFO.
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7 days ago
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ONEOK Inc (OKE) Q2 2025 Earnings Call Highlights: Strong Growth and Strategic Expansions Propel ...
Net Income: $841 million or $1.34 per share, a more than 30% increase compared with the first quarter. Adjusted EBITDA: $1.98 billion, or $2 billion excluding transaction costs of $21 million. Cash and Credit Facility: $97 million in cash and no borrowings outstanding under the $3.5 billion credit facility. Senior Notes Reduction: Nearly $600 million reduced during the quarter, with $850 million extinguished year to date. 2025 Financial Guidance: Net income of $3.1 billion to $3.6 billion and adjusted EBITDA of $8 billion to $8.45 billion. Synergies: Expecting approximately $250 million of synergies in 2025. Tax Position: Expected benefit of more than $1.3 billion in lower cash taxes over the next five years. NGL Raw Feed Throughput Volumes: Increased 18% compared with the first quarter. Rocky Mountain Region NGL Volumes: Averaged nearly 470,000 barrels per day, a record for the region. Mid-Continent and Permian NGL Volumes: Both increased 20% compared with the first quarter. Natural Gas Processing Volumes: Increased across all regions compared with the first quarter of 2025. Permian Basin Processing Capacity: Expected to increase to 1.1 billion cubic feet per day with new projects. Warning! GuruFocus has detected 6 Warning Signs with OKE. Release Date: August 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points ONEOK Inc (NYSE:OKE) reported a 12% increase in adjusted EBITDA for the second quarter compared to the first quarter, driven by synergy capture and strong supply and demand dynamics. The company affirmed its 2025 financial guidance ranges, with expectations of net income between $3.1 billion to $3.6 billion and adjusted EBITDA between $8 billion to $8.45 billion. ONEOK Inc (NYSE:OKE) announced a final investment decision on a new natural gas processing plant in the Permian's Delaware Basin, enhancing its strategic presence in the area. The acquired EnLink and Medallion assets contributed nearly $450 million in adjusted EBITDA during the second quarter, supporting strong year-over-year earnings growth. The company expects a benefit of more than $1.3 billion in lower cash taxes over the next five years due to enhancements related to bonus depreciation and interest expense deductibility. Negative Points ONEOK Inc (NYSE:OKE) adjusted its 2026 outlook for adjusted EBITDA downward by approximately 2% or $200 million due to current commodity prices and resulting spread differentials. The company experienced lower fractionation utilization due to maintenance, resulting in a $13 million impact in the second quarter from unfractionated NGLs and inventory. Regional supply disruptions in the Mid-Continent tempered gasoline volumes during the quarter, although volumes have since recovered. The overall decrease in crude oil volumes compared with the first quarter of 2025 was due primarily to low margin exchange volumes. The company noted that spreads, especially in the refined products business, need to widen to achieve the midpoint of its 2025 EBITDA guidance. Q & A Highlights Q: Can you provide more details on the revised 2026 outlook and the factors influencing it? A: Pierce Norton, President and CEO, explained that the 2026 outlook was adjusted downward by approximately 2% or $200 million due to market volatility and tightened spread differentials. The outlook is supported by ongoing synergies and projects like the refined products expansion and West Texas LPG ramp-up, which are expected to contribute more to the incremental increase over 2025 than producer activity. (Walter Hulse, CFO) Q: What is driving the strong performance in the natural gas segment, especially with the EnLink assets? A: Sheridan Swords, Chief Commercial Officer, noted that the integration of EnLink assets and a different operational mindset have revealed significant opportunities. The natural gas business is benefiting from increased industrial demand, including data centers and AI power demand, and the optimization of the EnLink system. The company is actively engaged in discussions with over 30 potential customers, which could lead to further growth. Q: Could you elaborate on the synergy capture expected in the back half of 2025? A: Sheridan Swords highlighted that the integration of NGL assets at Mont Belvieu with refining products assets from Magellan is expected to increase volumes and reduce blending costs. This integration will enhance service offerings and increase tariff revenues. Additional synergies are expected from connecting Conway assets to Mid-Continent refining assets, which will optimize blending opportunities and reduce costs. Q: What are the benefits of increasing your stake in BridgeTex, and will it be consolidated? A: Walter Hulse explained that increasing the stake in BridgeTex from 30% to 60% was an opportunistic move at attractive multiples. The connectivity to Medallion assets enhances the business, but it will not be consolidated due to the governance structure with the other partner. The increased stake allows for better integration and value capture from field gathering to downstream assets. Q: How is the commercialization of the Texas City LPG export terminal progressing, and what are your views on the LPG export market? A: Sheridan Swords stated that there is significant interest in the Texas City terminal due to its strategic location outside the Houston Ship Channel. The company is seeing rates in line with estimated economics, and the terminal is expected to benefit from increased global demand for propane and butane, driven by LNG exports and AI demand. Pierce Norton added that the location provides a logistical advantage. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
