ONEOK
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About ONEOK
Industries
Industrial & Manufacturing
Energy
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
N/A
Headquarters
Tulsa, Oklahoma
Founded
1906
Overview
Simplify's Take
What believers are saying
- The new LPG export terminal expands ONEOK's market reach and revenue potential.
- U.S. tax incentives for energy infrastructure benefit ONEOK's upcoming projects.
- Advancements in pipeline technology reduce operational costs and risks for ONEOK.
What critics are saying
- Increased competition in the LPG market may impact ONEOK's profitability.
- The sale of pipelines reduces ONEOK's revenue diversification.
- Integration challenges from acquiring EnLink Midstream could disrupt operations.
What makes ONEOK unique
- ONEOK's joint venture with MPLX enhances its LPG export capabilities.
- The sale of natural gas pipelines optimizes ONEOK's asset portfolio.
- ONEOK's focus on ESG criteria aligns with growing investor interest in sustainability.
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Funding
Total Funding
$0
Below
Industry Average
Funded Over
2 Rounds
Benefits
Hybrid Work Options
Company News
Gladstone Institutional Advisory LLC makes new investment in ONEOK, Inc. (NYSE:OKE).
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 terminal is expected to be approximately $700 million each for a total of $1.4 billion
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
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
Martel Wealth Advisors Inc invests $510,000 in ONEOK, Inc. (NYSE:OKE).
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About ONEOK
Industries
Industrial & Manufacturing
Energy
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
N/A
Headquarters
Tulsa, Oklahoma
Founded
1906
ONEOK is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today