Oneok Inc Stock Symbol Oke Financial and Business Updates

Oneok Inc, with the stock symbol OKE, is a leading energy company that has been in operation for over 150 years.

Oneok Inc was founded in 1906 as the Oneida Gas and Electric Company.

The company has a strong presence in the energy sector, with a focus on natural gas gathering, processing, and transportation.

Oneok Inc has a significant pipeline network that spans over 70,000 miles, making it one of the largest in the US.

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ONEOK's financial performance has been a mixed bag in recent years. In 2023, the company's revenue was $17.68 billion, a decrease of 21.04% from the previous year's $22.39 billion.

ONEOK's earnings, however, have been on the rise. In 2023, the company's earnings were $2.66 billion, a significant increase of 54.45% from the previous year.

The company's revenue growth has been steady, with a year-over-year growth of 19.9%. This is a positive sign for investors, as it indicates that ONEOK is still growing despite the decline in revenue.

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ONEOK's profit margin has also been impressive, coming in at 14.1%. This suggests that the company is able to maintain a healthy profit margin even in a challenging market.

Here's a breakdown of ONEOK's recent financial performance:

It's worth noting that ONEOK has a strong track record of paying dividends to its shareholders. In fact, the company recently increased its quarterly dividend by 4%, bringing it to $1.03 per share.

ONEOK recently completed the strategic EnLink Midstream acquisition, strengthening its integrated value chain and diversifying its platform.

This acquisition is a significant move for ONEOK, expanding its presence in the midstream space.

The transaction is expected to close on January 31, 2025, marking a major milestone for the company.

ONEOK's recent acquisitions, including Medallion Midstream and a 43% share of EnLink Midstream, demonstrate the company's commitment to growth and consolidation.

The final 57% share in EnLink Midstream will be purchased in a tax-efficient manner, further solidifying ONEOK's position in the industry.

ONEOK's stock symbol is OKE, and its recent moves are generating interest among investors.

The management team at ONEOK is made up of experienced professionals with various roles.

Walter S. Hulse is the CFO, Treasurer, VP-IR & Corporate Development, while Mary M. Spears serves as the Chief Accounting Officer, SVP, Head-Finance & Tax.

Sheridan C. Swords is the Chief Commercial Officer & Executive VP, and Kevin L. Burdick is the Chief Enterprise Services Officer & Executive VP. Brien H. Brown is the Chief Information Officer & Vice President, and Lyndon C. Taylor is the Chief Legal Officer, EVP & Assistant Secretary.

Here is a list of the current management team:

ONEOK has been benefiting from its recent acquisitions, particularly the strategic EnLink Midstream acquisition, which has strengthened its integrated value chain and diversified its platform.

The company recently announced the completion of this acquisition, which is expected to provide long-term benefits to ONEOK's business.

ONEOK's acquisition of EnLink Midstream is a significant move in the US midstream space, where consolidation continues to be a major trend.

The final 57% share in EnLink will be purchased in a tax-efficient manner, allowing ONEOK to further consolidate its position in the industry.

This acquisition is part of ONEOK's broader strategy to expand its operations and increase its revenue streams.

At ONEOK, the management team is comprised of experienced professionals who oversee various aspects of the company's operations.

The company's management team includes Walter S. Hulse, who serves as CFO, Treasurer, VP-IR & Corporate Development.

Mary M. Spears is responsible for overseeing the company's finance and tax functions as Chief Accounting Officer, SVP, Head-Finance & Tax.

Sheridan C. Swords is the Chief Commercial Officer & Executive VP, while Kevin L. Burdick holds the position of Chief Enterprise Services Officer & Executive VP.

Brien H. Brown is the Chief Information Officer & Vice President, and Lyndon C. Taylor serves as Chief Legal Officer, EVP & Assistant Secretary.

Randy N. Lentz is the Chief Operating Officer & Executive Vice President, and Julie H. Edwards is the Independent Chairman of the board.

Here are the members of ONEOK's management team:

The company also has a strong team of independent directors, including Brian L. Derksen, Eduardo A. Rodriguez, and Gerald Bernard Smith.

ONEOK participates in various conferences and events to connect with investors and share its growth strategy.

ONEOK's fourth quarter and year-end 2020 earnings will be announced after market close on February 22, 2021, and a conference call will be held on February 23, 2021, at 11 a.m. EST.

The company participated in the UBS Infrastructure and Energy Virtual Conference on January 12-13, 2021, and also participated in the Wells Fargo Virtual Midstream and Utility Symposium on December 8-9, 2020.

ONEOK's extensive network connects natural gas liquids supply across major U.S. regions, and as a FORTUNE 500 company, it is included in the S&P 500.

ONEOK participated in the Mizuho Energy Summit on March 16, 2021, as a leading midstream service provider with a premier natural gas liquids system.

The company's extensive network connects supplies across key U.S. regions, making it a significant player in the natural gas market.

ONEOK is also a FORTUNE 500 company, included in the S&P 500, which demonstrates its financial stability and reputation.

For more information about ONEOK and its participation in the Mizuho Energy Summit, visit www.oneok.com.

ONEOK, Inc. (NYSE: OKE) participated in the UBS Infrastructure and Energy Virtual Conference on January 12-13, 2021. This event showcased the company's extensive network connecting natural gas liquids (NGL) supply across major U.S. regions.

As a FORTUNE 500 entity, ONEOK is included in the S&P 500, further solidifying its position in the industry. ONEOK's participation in the conference highlights its status as a leading midstream service provider.

For more details and investor materials, visit www.oneok.com.

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ONEOK's fourth quarter and year-end 2020 earnings will be announced after market close on February 22, 2021. Management will host a conference call on February 23, 2021, at 11 a.m. EST to discuss these results.

You can join the conference call by dialing 800-458-4121 or through the live webcast on ONEOK's website.

ONEOK's management team will be available to answer questions and provide insights into the company's financial performance during the call.

A replay of the conference call will be available for 30 days online and via phone for seven days.

ONEOK's stock performance has been quite impressive, with a market cap of $56.65 billion as of the last update. The stock's primary exchange is the NYSE.

The stock's day range has been between $94.575 and $98.15, while its year range is between $64 and $116. ONEOK's stock has seen significant growth, making it a valuable investment opportunity.

Here are some key statistics about ONEOK's stock performance:

ONEOK's stock has shown a strong performance, with a diluted EPS (TTM) of $4.72 and a revenue growth YOY of 19.9%. The company's profit margin is 14.1%, indicating a stable financial position.

ONEOK has a history of paying consistent dividends to its shareholders. In 2020, the annualized dividend was $3.74.

The company's dividend has been increasing over the years, with a notable 4% increase in January 2025, bringing the quarterly dividend to $1.03 per share. This increase is a positive sign for investors.

ONEOK's dividend calendar is available, providing a clear picture of when dividends will be paid. According to the calendar, the dividend for 2023 was $3.82 per share.

Here is a table showing the dividend payments for ONEOK over the years:

ONEOK's dividend payments are typically made in February, with the most recent payment being $93.5 cents per share in 2021.