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.
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.
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.
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 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. (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.
OKE's third-quarter 2024 earnings and revenues increase year over year. Adjusted EBITDA also increases during the same period.
Oneok Inc. (OKE) closed at $96.66 in the latest trading session, marking a -0.78% move from the prior day.
OKE's third-quarter earnings are likely to have continued to gain from fee-based contracts and acquisition of a natural gas liquid pipeline system.
Oneok (OKE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Oneok Inc. (OKE) reachead $97.23 at the closing of the latest trading day, reflecting a +0.82% change compared to its last close.
The Investment Committee share their top stocks to watch for the second half.