ONEOK: Benefitting From Recent Acquisitions
Consolidation continues full steam in the US midstream space. ONEOK recently acquired Medallion Midstream and a 43% share of EnLink Midstream. The final 57% share in EnLink will be purchased in a tax-free exchange. The combined company will benefit from synergies, expanded services, and a stronger valuation.
Why Is Oneok (OKE) Up 17.1% Since Last Earnings Report?
Oneok (OKE) reported earnings 30 days ago. What's next for the stock?
ONEOK Finishes The Job In Picking Up EnLink Midstream
ONEOK's stock dropped 5% after announcing a $4.3 billion all-stock acquisition of the remaining 57% of EnLink Midstream, a move anticipated by the market. Despite recent gains, ONEOK still warrants a marginal 'buy' rating due to expected synergies and significant cash flows from recent acquisitions. ONEOK's valuation is mid-tier compared to peers, but its low net leverage ratio and focus on dividends and buybacks make it a quality prospect.
This High-Yield Dividend Stock Continues Its Wheeling and Dealing With $5.5 Billion of Additional Deals
Oneok (OKE -4.72%) has been busy over the past couple of years. The midstream giant has closed several acquisitions that significantly increased its scale, diversification, and growth profile.
ONEOK Announces Deal to Acquire Remaining EnLink Stock for $4.3B
OKE is set to acquire the rest of EnLink Midstream LLC for $4.3 billion in common stock. This step will allow OKE to continue to expand and extend its value chain.
Oneok to acquire remaining units of Enlink in $4.3 billion deal
Pipeline operator ONEOK said on Sunday it would acquire all of the remaining publicly held units of Enlink for $4.3 billion in ONEOK common stock.
ONEOK to Sell Three Interstate Natural Gas Pipeline Systems for $1.2B
OKE is set to sell its three interstate natural gas pipeline systems. This deal will align and enhance its capital allocation priorities within its integrated operating footprint.
DT Midstream to buy three natgas pipelines from ONEOK for $1.2 bln
Pipeline operator DT Midstream said on Tuesday it would acquire a portfolio of three natural gas transmission pipelines from ONEOK for $1.2 billion in cash.
ONEOK: Where Dividends Flow Like Oil - A 4.2% Yield You Can't Miss
ONEOK stands out in the S&P 500 dividend space with a 4.2% yield, consistent dividend history, and >10% annual EPS growth. The company's narrow-moat business model and essential pipeline infrastructure underpin its resilience and growth potential. Despite some questionable filters in its self-presentation, ONEOK's strategic positioning and solid financial metrics make it a compelling high-yield investment.
ONEOK, Inc. (OKE) Q3 2024 Earnings Call Transcript
ONEOK, Inc. (NYSE:OKE ) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Andrew Ziola - Vice President of Investor Relations Pierce Norton - President and Chief Executive Officer Walter Hulse - Executive Vice President, Chief Financial Officer, Treasurer, Investor Relations and Corporate Development Sheridan Swords - Executive Vice President of Commercial Liquids and Natural Gas Gathering and Processing Conference Call Participants Theresa Chen - Barclays Jean Ann Salisbury - Bank of America Michael Blum - Wells Fargo Securities Brendan Reddy - JPMorgan Neal Dingmann - Truist Securities, Inc. Keith Stanley - Wolfe Research Manav Gupta - UBS AJ O'Donnell - Tudor Pickering Holt & Co. Sunil Sibal - Seaport Global Securities Craig Shere - Tuohy Brothers Investment Research, Inc. Operator Good day, and welcome to the ONEOK Third Quarter 2024 Earnings Conference Call and Webcast. All participants will be in a listen-only mode.
ONEOK Misses on Third-Quarter Earnings, Raises 2024 Guidance
OKE's third-quarter 2024 earnings and revenues increase year over year. Adjusted EBITDA also increases during the same period.
Oneok Inc. (OKE) Registers a Bigger Fall Than the Market: Important Facts to Note
Oneok Inc. (OKE) closed at $96.66 in the latest trading session, marking a -0.78% move from the prior day.
