ONEOK, Inc. has completed a public offering of $3 billion in notes, consisting of $750 million in 4.950% notes due 2032, $1 billion in 5.400% notes due 2035, and $1.25 billion in 6.250% notes due 2055. The notes are guaranteed by several affiliates, including ONEOK Partners and Magellan Midstream Partners. The company plans to use the net proceeds, approximately $2.959 billion after expenses, to repay outstanding commercial paper and senior notes due September 15, 2025, along with any accrued interest. Remaining proceeds will be allocated for general corporate purposes, which may involve repaying other debts or redeeming existing notes.
The offering was registered with the Securities and Exchange Commission and is governed by an Indenture with U.S. Bank Trust Company as the trustee. The underwriters involved in the offering are also affiliated with financial institutions that have previously provided various services to ONEOK. These affiliations may include roles in commercial banking and investment banking, indicating a potential ongoing relationship between ONEOK and these financial entities.
linkAug 13, 2025 17:28:23
ONEOK, Inc. has announced a $3 billion offering of senior notes, which includes $750 million of 4.950% notes due 2032, $1 billion of 5.400% notes due 2035, and $1.25 billion of 6.250% notes due 2055. The offering is expected to close on August 12, 2025, and the net proceeds, estimated at approximately $2.96 billion after expenses, will be used primarily to repay outstanding commercial paper and senior notes due September 15, 2025, along with any accrued interest. Remaining proceeds may be allocated for general corporate purposes, including debt repayment or redemption of existing notes.
The underwriting for this offering is being conducted by several financial institutions, including Mizuho Securities USA LLC and Deutsche Bank Securities Inc. The notes will be guaranteed by ONEOK Partners and its affiliates. The company is positioned as a leading midstream operator in North America, providing essential energy services through a vast pipeline network. This offering is part of ONEOK's ongoing strategy to manage its debt and maintain financial flexibility.
linkAug 08, 2025 06:02:24
ONEOK, Inc. announced higher net income for the second quarter of 2025, totaling $853 million, with net income attributable to the company at $841 million, or $1.34 per diluted share. The company reported an adjusted EBITDA of $1.98 billion, reflecting an 11% increase in natural gas liquids raw feed throughput volumes in the Rocky Mountain region. The financial performance was bolstered by strategic acquisitions, including the EnLink and Medallion acquisitions, which contributed significantly to the results despite some offsetting factors from asset divestitures in 2024. Additionally, ONEOK repaid nearly $600 million of senior notes during the quarter, indicating a focus on strengthening its balance sheet.
In terms of operational highlights, ONEOK affirmed its financial guidance for the full year 2025. The company declared a quarterly dividend of $1.03 per share, which annualizes to $4.12 per share. As of June 30, 2025, ONEOK had no borrowings under its $3.5 billion credit agreement and reported $97 million in cash and cash equivalents. The company also received an MSCI ESG Rating of AAA and was included in the FTSE4Good Index, reflecting its commitment to sustainability and responsible energy solutions.
linkAug 04, 2025 16:25:44
ONEOK, Inc. has declared a quarterly dividend of $1.03 per share, consistent with the previous quarter, which results in an annualized dividend of $4.12 per share. This dividend will be payable on August 14, 2025, to shareholders who are on record as of the close of business on August 1, 2025.
As a major midstream operator in North America, ONEOK provides essential energy products and services, including gathering, processing, and transportation of natural gas and other energy resources through its extensive pipeline network. The company is recognized as one of the largest integrated energy infrastructure firms in the region, contributing to energy security and meeting both domestic and international energy demands.
linkJul 17, 2025 17:09:51
ONEOK, Inc. will release its second quarter 2025 earnings on August 4, 2025, after market close. A conference call with management will take place on August 5, 2025, at 11 a.m. Eastern Time, which can be accessed via phone or webcast. A replay of the call will be available on ONEOK’s website for one year, and a recording will be accessible by phone for seven days following the call.
ONEOK is a leading midstream operator in North America, providing essential energy products and services through a vast pipeline network. The company plays a significant role in transporting natural gas, natural gas liquids, refined products, and crude oil, contributing to both domestic and international energy demands. ONEOK is listed on the S&P 500 and is headquartered in Tulsa, Oklahoma.
linkJul 01, 2025 16:21:53
ONEOK, Inc. has acquired the remaining 49.9% interest in Delaware G&P LLC for $940 million, which includes $530 million in cash and $410 million in common stock. This acquisition, finalized on May 28, 2025, positions ONEOK as the sole owner of Delaware Basin JV, which operates natural gas gathering and processing facilities in the Delaware Basin across West Texas and New Mexico, boasting a processing capacity exceeding 700 million cubic feet per day.
The acquisition aligns with ONEOK's strategy to enhance its presence in the Permian Basin. As a major midstream operator, ONEOK provides essential energy products and services through its extensive pipeline network, which supports both domestic and international energy demands. The company is recognized as one of the largest integrated energy infrastructure entities in North America and is part of the S&P 500 index.
linkJun 04, 2025 16:24:29
ONEOK, Inc. will participate in an investor conference and a fireside chat session on May 28 at 2:30 p.m. Eastern Time. The session will be available for live viewing on the company's website and can be replayed later. Investors can access the latest materials related to ONEOK on their official site.
As a leading midstream operator, ONEOK provides essential energy products and services through its extensive pipeline network. The company focuses on gathering, processing, and transporting natural gas and other energy products, contributing to energy security and reliability. ONEOK is headquartered in Tulsa, Oklahoma, and is listed on the S&P 500.
linkMay 28, 2025 17:40:29
ONEOK, Inc. has reported a net income of $691 million for the first quarter of 2025, reflecting a year-over-year increase. Net income attributable to ONEOK was $636 million, equating to $1.04 per diluted share. The company also achieved an adjusted EBITDA of $1.78 billion, driven primarily by higher natural gas liquids and natural gas processing volumes in the Rocky Mountain region, alongside contributions from recent acquisitions. Despite increased operating costs, the financial results indicate growth in the company's operations.
In addition to the earnings report, ONEOK affirmed its financial guidance for 2025, highlighting ongoing projects including the recent acquisition of EnLink Midstream and joint ventures for a new liquefied petroleum gas export terminal in Texas. The company declared a quarterly dividend of $1.03 per share and has repurchased a significant number of shares under its share repurchase program. As of March 31, 2025, ONEOK reported no outstanding borrowings under its credit agreement and maintained a cash balance of $141 million.
linkApr 29, 2025 16:22:37
ONEOK, Inc. has declared a quarterly dividend of $1.03 per share, which remains unchanged from the previous quarter. This results in an annualized dividend of $4.12 per share. The dividend will be payable on May 15, 2025, to shareholders who are on record by the close of business on May 5, 2025.
As a leading midstream operator, ONEOK provides essential energy products and services, including the transportation of natural gas and crude oil through its extensive pipeline network. The company is recognized as one of the largest integrated energy infrastructure firms in North America and is listed on the S&P 500 index. For more information, shareholders and interested parties can visit the company's website.
linkApr 25, 2025 16:21:00
ONEOK, Inc. will release its first quarter 2025 earnings on April 29, 2025, with a conference call scheduled for April 30, 2025, at 11 a.m. Eastern time. Participants can join via phone or webcast, and replays will be available for one year on their website and for seven days by phone.
The company emphasizes its role as a leading midstream operator, with a pipeline network of approximately 60,000 miles that transports various energy products. ONEOK positions itself as a significant player in the energy sector, contributing to energy security and providing essential services for both domestic and international markets.
linkApr 02, 2025 16:23:40