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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

ONEOK

ONEOK, Inc. engages in gathering, processing, fractionating, transporting, storing and marketing of natural gas. It operates through the following segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment offers midstream services to producers in North Dakota, Montana, Wyoming, Kansas and Oklahoma. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute NGLs and store NGL products, in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region, which includes the Williston, Powder River and DJ Basins, where it provides midstream services to producers of NGLs and deliver those products to the two market centers, one in the Mid-Continent in Conway, Kansas and the other in the Gulf Coast in Mont Belvieu, Texas. The Natural Gas Pipelines segment provides transportation and storage services to end users. The company was founded in 1906 and is headquartered in Tulsa, OK.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q4 2024

ONEOK reports strong earnings, eyes growth in natural gas sectors

ONEOK's performance in Q4 and full-year 2022 was strong, meeting financial guidance.
The company's strengths lie in its solid base business, strong balance sheet, and expected double-digit earnings growth in key segments.
Challenges include settling incident claims and potential impacts from optimization changes.
Opportunities for ONEOK include higher earnings driven by natural gas processing, stable producer activity, and volume growth.

ONEOK reports robust Q1 earnings, eyes LNG projects for growth

ONEOK's Q1 2023 performance reflects financial strength and operational excellence across key segments
Credit rating upgrade, debt reduction, and strategic project alignment highlight the company's positive trajectory
Challenges in leverage management and pricing fluctuations require careful navigation for sustained growth
Opportunities in project expansions, strong regional performance, and market demand present avenues for future success

ONEOK reports strong Q2 earnings, anticipates synergies from Magellan merger

ONEOK's Q2 2023 Earnings Call provided insights into the company's financial performance, strategic initiatives, and future prospects. Executives and analysts discussed the company's increased financial guidance, pending merger with Magellan, and detailed updates on NGL volumes, natural gas gathering and processing, and natural gas pipeline segments.

ONEOK reports robust Q3 earnings, eyes global growth opportunities

ONEOK's Q3 performance reflects financial strength and growth momentum, supported by successful integration post-Magellan acquisition and increased guidance.
The company's focus on capital allocation flexibility, commercial synergies, and growth opportunities positions it well for future success.
Challenges in realizing synergies, managing leverage targets, and balancing capital allocation strategies require strategic execution and prudent decision-making.
Opportunities in export markets, regional growth, pipeline expansions, and commercial initiatives offer avenues for revenue diversification and operational enhancement.

ONEOK reports record volumes and strong financial performance in Q4 2023

ONEOK's Q4 2023 earnings call showcased robust financial performance, strategic growth initiatives, and a commitment to enhancing shareholder value through dividends and share repurchases. The company's focus on expanding its pipeline network, prioritizing safety, and pursuing sustainable growth positions it well for future success.

ONEOK reports robust Q1 earnings, eyes AI data center demand

ONEOK's Q1 2024 earnings call showcased strong financial performance, growth opportunities in natural gas demand, and exceeding synergy realization post-Magellan acquisition. Despite weather impacts and challenges in NGL volumes, the company remains focused on expansion projects and capital allocation strategies. Opportunities lie in AI-driven data center demand, future growth prospects, and disciplined M&A approach.

ONEOK reports robust Q2 earnings, eyes growth through acquisitions

ONEOK's Q2 2024 earnings call highlights a strong financial performance, strategic acquisitions, and expansion projects, positioning the company for continued growth.
While facing challenges in market dynamics and capital allocation, ONEOK remains focused on leveraging opportunities for expansion and value creation.
Investors can be optimistic about ONEOK's stable financial outlook, operational strengths, and commitment to balanced growth strategies in the energy sector.

ONEOK reports robust Q3 earnings, sets sights on $8B EBITDA

ONEOK's Q3 earnings call highlighted strong performance, increased guidance, and a positive outlook for future growth. Management discussed key segments, addressed analyst questions on growth trends and recent acquisitions, and signaled a quiet period for year-end. The company's focus on synergy opportunities and robust fee-based earnings underpin its strategic direction.

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Magellan Midstream Partners

Magellan Midstream holders have approved the acquisition deal by ONEOK, despite concerns over tax consequences. The deal will create a more diversified company, with ONEOK bringing natural gas and natural gas liquids to the table. The combined company is expected to generate about $6.1 billion in adjusted EBITDA in 2024, valuing it at roughly 10x 2024 EBITDA.

Magellan Holders Now Own ONEOK; There Are Better Values In The Space

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Why Oneok Inc. (OKE) is a Top Momentum Stock for the Long-Term

The $19 billion transaction was was approved at a unit holder meeting Thursday, despite some investor opposition to the deal.

Magellan Midstream Unit Holders Back Deal With Oneok

Magellan Midstream Partners' unitholders on Thursday voted in favour of the U.S. pipeline operator's planned sale to larger peer ONEOK Inc for $18.8 billion.

Magellan Midstream holders approve $18.8 billion sale to ONEOK

Transaction to Close on September 25, 2023 TULSA, Okla. , Sept. 21, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P.

ONEOK Shareholders and Magellan Unitholders Approve Merger

ALPS Advisors, which runs a big ETF, backs Magellan's deal with Oneok but many retail investors oppose it. The vote is Thursday.

Magellan Picks Up Support of Big Investor for Merger but Deal Outlook Remains Cloudy

Public Storage

Southern Company

The Southern Company delivered dividend stability and growth for over three-quarters of a century. Oneok has provided dividend stability for more than 25 years.

3 Elite Dividend Stocks to Buy and Hold for Decades of Income Stability and Growth

The goal: lower our cost basis to position into Oneok as well as reduce our risk for holding the position.

OKE Stock Today: How To Profit From A Long Calendar Call Spread Wheel In Oneok Stock

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Energy was the best-performing S&P 500 sector, notably outperforming technology shares. The fundamental setup for oil and oil-related equities remains bullish. Energy stocks are likely to continue to outperform as higher oil prices raise concerns about inflation and higher interest rates.

Energy Income Weekly: The Energy Sector Starts To Outperform

Magellan Midstream Partners has pressed its case for the $19 billion deal, citing strategic benefit and downplaying tax issues ahead of next week's vote.

Magellan Appears to Be Winning Shareholder Backing for Oneok Deal

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Why Oneok Inc. (OKE) is a Top Growth Stock for the Long-Term

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Say Buy These 3 Energy Stocks With Over 5% Dividend Yields - ONEOK (NYSE:OKE), Equitrans Midstream (NYSE:ETRN)

TULSA, Okla. , Sept. 7, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that the two leading proxy advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co. (Glass Lewis), have recommended that ONEOK shareholders vote in favor of all proposals related to ONEOK's pending acquisition of Magellan Midstream Partners, L.P.

Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend ONEOK Shareholders Vote "FOR" Pending Acquisition of Magellan Midstream Partners

Follows recommendation from Glass Lewis that unitholders vote "FOR" the transaction TULSA, Okla. , Sept. 7, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Leading Independent Proxy Advisory Firm ISS Recommends Magellan Midstream Unitholders Vote "FOR" the Transaction with ONEOK

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Oneok Inc. (OKE) is a Top-Ranked Value Stock: Should You Buy?

Magellan urges unitholders to vote "FOR" the pending merger today TULSA, Okla. , Sept. 7, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Leading Independent Proxy Advisory Firm Glass Lewis Recommends Magellan Midstream Unitholders Vote "FOR" the Transaction with ONEOK

Oneok (OKE) reported earnings 30 days ago. What's next for the stock?

Why Is Oneok (OKE) Up 2.4% Since Last Earnings Report?

When a company agrees to be acquired, there's often a premium built into the takeout price. Investors usually bid a stock up toward the purchase offer.

Magellan Releases New Details on Deal With Oneok; Here's 1 Red Flag Investors Should Watch

Enterprise Products Partners

Energy Transfer LP Unit

Energy Transfer and Oneok have unveiled headline-grabbing deals this year. They should enhance their growth profiles, giving them more fuel to increase their dividends.

With Rivals Making Multibillion-Dollar Acquisitions, Do These High-Yield Dividend Stocks Need to Respond?

Transaction delivers full value to Magellan unitholders and provides unitholders with ownership in a stronger combined company Combined company better positioned to address secular risks and achieve strong growth and value creation over the long term Board carefully considered alternative opportunities, structures and tax implications Magellan urges unitholders to vote "FOR" the pending merger today TULSA, Okla. , Aug. 29, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream Files Investor Presentation Highlighting Benefits of Pending ONEOK Transaction

Agree Realty

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Spirit Realty Capital

There are great deals to be had among dividend stocks despite the tech-fueled market runup. All four picks in this article pay big, well-covered dividend yields to help investors make money while they sleep. They carry diversified and/or essential business models and are undervalued, resulting in potential for strong total returns in addition to income.

4 Hefty Dividends With Up To 10% Yield

ONEOK announced robust Q2 2023 results with a 13% increase in net income and a 10% boost in adjusted EBITDA. The company is set to acquire Magellan Midstream, which would be a significant win for ONEOK. ONEOK experienced impressive growth across its operations and revised its 2023 guidance, anticipating increased net income and adjusted EBITDA.

ONEOK Vs. AI Stocks: Dividend Stability Wins

Oneok's dividend has barely grown in recent years. That could change following its merger with Magellan Midstream Partners.

This Nearly 6%-Yielding Dividend Could Grow Briskly Through 2027

ONEOK is set to acquire Magellan Midstream in a cash-and-stock transaction, which would significantly diversify its operations and make it one of the largest oil and gas storage and transportation companies in the world. The acquisition is expected to add 3-7% to ONEOK's EPS from 2025-2027 and provide $200 million in annual synergy cost savings. ONEOK's debt load and the potential risk of not realizing anticipated synergies are key concerns, but the company's fee-based revenue and attractive trading multiples provide some stability.

ONEOK: Expanding Competitive Advantage Amidst Inherent Risks

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High-yield dividend stocks can provide investors with an extra cushion in difficult markets. After all, you continue to get paid even if share prices fall.

News for ONEOK Stock (OKE)