ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions. It also gathers, treats, fractionates, and transports natural gas liquids (NGL), as well as stores, markets, and distributes NGL products. The company owns NGL gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Kansas, Missouri, Nebraska, Iowa, and Illinois; and NGL distribution and refined petroleum products pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana, as well as owns and operates truck- and rail-loading, and -unloading facilities connected to NGL fractionation, storage, and pipeline assets. In addition, it operates regulated interstate and intrastate natural gas transmission pipelines and natural gas storage facilities. Further, the company owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space. It operates 18,900 miles of natural gas gathering pipelines; 1,500 miles of FERC-regulated interstate natural gas pipelines; 5,100 miles of state-regulated intrastate transmission pipeline; and 6 NGL storage facilities. It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; propane distributors; municipalities; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution companies, electric generation facilities, industrial companies, producers, processors, and marketing companies. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.
IPO Year:
Exchange: NYSE
Website: oneok.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/28/2025 | $110.00 | Buy | Citigroup |
| 2/10/2025 | $110.00 | Peer Perform → Outperform | Wolfe Research |
| 2/6/2025 | Equal Weight | Barclays | |
| 1/10/2025 | $109.00 | Sector Outperform | Scotiabank |
| 12/18/2024 | $107.00 | Overweight → Equal Weight | Wells Fargo |
| 10/17/2024 | $105.00 | Buy | BofA Securities |
| 9/16/2024 | $103.00 → $111.00 | Equal-Weight → Overweight | Morgan Stanley |
| 2/8/2024 | $76.00 | Neutral → Buy | Seaport Research Partners |
| 1/10/2024 | Underperform → Peer Perform | Wolfe Research | |
| 12/4/2023 | $72.00 → $83.00 | Neutral → Buy | BofA Securities |
Higher Year-Over-Year Rocky Mountain Region Volumes TULSA, Okla., April 29, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) today announced higher first quarter 2025 results and affirmed full-year 2025 financial guidance. Higher First Quarter 2025 Results, Compared With First Quarter 2024: Net income of $691 million (includes noncontrolling interests).Net income attributable to ONEOK of $636 million, resulting in $1.04 per diluted share.Adjusted EBITDA of $1.78 billion (includes $31 million of transaction costs).15% increase in Rocky Mountain region NGL raw feed throughput volumes.7% increase in Rocky Mountain region natural gas volumes processed."ONEOK's solid first quarter results highlight
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
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 If you are unable to participate in the conference call or the webcast, the replay will b
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, 20
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 d
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.Hi
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 termi
FINDLAY, Ohio, Feb. 4, 2025 /PRNewswire/ -- Progresses Gulf Coast NGL strategy with announcement of fractionation complex and export terminalFull-year 2024 net income attributable to MPLX of $4.3 billion and adjusted EBITDA of $6.8 billion, up 10% and 8%, respectively, year over year$3.9 billion of capital returned to unitholders in 2024, reflecting 12.5% quarterly distribution increase and $326 million of unit repurchases2025 capital spending outlook of $2.0 billion, anticipating mid-teen returnsMPLX LP (NYSE:MPLX) today reported fourth-quarter 2024 net income attributable to MPLX of $1,099 million, compared with $1,134 million for the fourth quarter of 2023. Adjusted earnings before inter
FINDLAY, Ohio, Feb. 4, 2025 /PRNewswire/ -- Fourth-quarter net income attributable to MPC of $371 million, or $1.15 per diluted share; adjusted net income of $249 million, or $0.77 per adjusted diluted shareProgresses Midstream Gulf Coast NGL strategy with MPLX's announcement of fractionation complex and export terminal$10.2 billion of capital returned to shareholders through share repurchases and dividends in 2024Expect distributions from MPLX in 2025 will cover MPC's dividends and $1.25 billion standalone capital outlookMarathon Petroleum Corp. (NYSE:MPC) today reported net income attributable to MPC of $371 million, or $1.15 per diluted share, for the fourth quarter of 2024, compared wit
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. "We welcome EnLink's employees to the ONEOK team," added Norton. "We look forwa
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Higher Year-Over-Year Rocky Mountain Region Volumes TULSA, Okla., April 29, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) today announced higher first quarter 2025 results and affirmed full-year 2025 financial guidance. Higher First Quarter 2025 Results, Compared With First Quarter 2024: Net income of $691 million (includes noncontrolling interests).Net income attributable to ONEOK of $636 million, resulting in $1.04 per diluted share.Adjusted EBITDA of $1.78 billion (includes $31 million of transaction costs).15% increase in Rocky Mountain region NGL raw feed throughput volumes.7% increase in Rocky Mountain region natural gas volumes processed."ONEOK's solid first quarter results highlight
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
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 If you are unable to participate in the conference call or the webcast, the replay will b
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 d
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.Hi
FINDLAY, Ohio, Feb. 4, 2025 /PRNewswire/ -- Progresses Gulf Coast NGL strategy with announcement of fractionation complex and export terminalFull-year 2024 net income attributable to MPLX of $4.3 billion and adjusted EBITDA of $6.8 billion, up 10% and 8%, respectively, year over year$3.9 billion of capital returned to unitholders in 2024, reflecting 12.5% quarterly distribution increase and $326 million of unit repurchases2025 capital spending outlook of $2.0 billion, anticipating mid-teen returnsMPLX LP (NYSE:MPLX) today reported fourth-quarter 2024 net income attributable to MPLX of $1,099 million, compared with $1,134 million for the fourth quarter of 2023. Adjusted earnings before inter
FINDLAY, Ohio, Feb. 4, 2025 /PRNewswire/ -- Fourth-quarter net income attributable to MPC of $371 million, or $1.15 per diluted share; adjusted net income of $249 million, or $0.77 per adjusted diluted shareProgresses Midstream Gulf Coast NGL strategy with MPLX's announcement of fractionation complex and export terminal$10.2 billion of capital returned to shareholders through share repurchases and dividends in 2024Expect distributions from MPLX in 2025 will cover MPC's dividends and $1.25 billion standalone capital outlookMarathon Petroleum Corp. (NYSE:MPC) today reported net income attributable to MPC of $371 million, or $1.15 per diluted share, for the fourth quarter of 2024, compared wit
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 utili
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 If you are unable to participate in the conference call or the webcast, the re
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. Under the agreement, each outstanding common unit of EnLink that ONEOK does not already own will be converted into 0.1412 shares of ONEOK common sto
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Allen to Pursue Ministry Opportunity TULSA, Okla., May 22, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) today announced that Stephen B. Allen, senior vice president, general counsel and assistant secretary will retire in mid-August 2023 after more than 17 years with the company. Allen is leaving ONEOK to join Dallas-based GuideStone, a leading faith-based financial services organization. Allen will continue as an employee through the middle of August as the company focuses on his replacement and will remain available to ONEOK and its management team in key aspects of the recently announced acquisition of Magellan Midstream Partners, L.P. "Stephen's important contributions will leave a lasti
TULSA, Okla., May 25, 2021 /PRNewswire/ -- ONEOK, Inc. (NYSE:OKE) president and chief executive officer, Terry K. Spencer, announced today that he will retire on September 30, 2021, after 20 years with the company, including more than seven years as president and CEO. Pierce H. Norton II, currently president and chief executive officer of ONE Gas, Inc. (NYSE:OGS) will succeed Spencer as president and CEO of ONEOK on June 28, 2021, at which time he will also join the ONEOK Board. Spencer will remain in his current role until Norton rejoins ONEOK, at which time he will become an Advisor to Norton, allowing for a smooth leadership transition. Spencer will continue as a member of the ONEOK boa
Citigroup resumed coverage of ONEOK with a rating of Buy and set a new price target of $110.00
Wolfe Research upgraded ONEOK from Peer Perform to Outperform and set a new price target of $110.00
Barclays resumed coverage of ONEOK with a rating of Equal Weight
Scotiabank initiated coverage of ONEOK with a rating of Sector Outperform and set a new price target of $109.00
Wells Fargo downgraded ONEOK from Overweight to Equal Weight and set a new price target of $107.00
BofA Securities resumed coverage of ONEOK with a rating of Buy and set a new price target of $105.00
Morgan Stanley upgraded ONEOK from Equal-Weight to Overweight and set a new price target of $111.00 from $103.00 previously
Seaport Research Partners upgraded ONEOK from Neutral to Buy and set a new price target of $76.00
Wolfe Research upgraded ONEOK from Underperform to Peer Perform
BofA Securities upgraded ONEOK from Neutral to Buy and set a new price target of $83.00 from $72.00 previously