ONEOK INC /NEW/ News
ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through three segments: Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions. It also provides midstream services to producers of NGLs. The company owns NGL gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Kansas, Missouri, Nebraska, Iowa, and Illinois; NGL distribution pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana; and transports refined petroleum products, including unleaded gasoline and diesel from Kansas to Iowa, as well as owns and operates truck- and rail-loading, and -unloading facilities connected to NGL fractionation, storage, and pipeline assets. In addition, it transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities. Further, the company owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space and rail cars. It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial companies; propane distributors; municipalities; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution and electric generation companies, producers, processors, and marketing companies. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.
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ONEOK Completes $4.425 Billion Brazos Midstream Acquisition to Cement Permian Midland Expansion
- ONEOK (NYSE: OKE) has finalized the $4.425 billion acquisition of Brazos Midstream’s Permian Midland Basin assets, supported by a $9 billion Apollo equity investment.
20d
S&P Global Upgrades ONEOK’s Credit Rating After $9B Apollo Investment Boosts Debt Profile
ONEOK’s credit rating rises to BBB+ as S&P Global cites improved leverage following $9B Apollo minority equity injection and $2B debt tender offer.
11 Sep at 23:39
ONEOK Secures $9B Apollo Equity Injection to Fund $4.425B Brazos Midstream Acquisition and Accelerate Debt Reduction
ONEOK (NYSE: OKE) has agreed to acquire Brazos Midstream’s Permian Basin assets for $4.425 billion, backed by a $9 billion minority equity investment from Apollo to streamline debt and boost capacity.
28 Aug at 23:39
ONEOK Completes Refined Products Pipeline Expansion to Denver Amid Q2 Guidance Raise
ONEOK (NYSE: OKE) mechanically finished its refined products pipeline to Greater Denver as part of new Q2 results, prompting an upward revision to 2026 guidance.
14 Aug at 23:40
ONEOK's Strategic Moves Amid Permian Basin Expansion and Market Dynamics
ONEOK's recent acquisitions and Permian Basin developments impact its market position.