Key Developments: ONEOK Partners LP (OKS.N)

OKS.N on New York Stock Exchange

57.72USD
25 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Oneok Partners LP Increases Quarterly Distribution
Wednesday, 23 Oct 2013 04:05pm EDT 

Oneok Partners LP announced that it has increased the partnership's quarterly cash distribution by 0.5 cents to 72.5 cents per unit from 72 cents per unit, effective for the third quarter 2013, resulting in an annualized cash distribution of $2.90 per unit. The distribution is payable Nov. 14, 2013, to unitholders of record as of Nov. 4, 2013.  Full Article

Oneok Partners LP Announces $1.25 Billion Notes Offering
Monday, 9 Sep 2013 04:40pm EDT 

Oneok Partners LP announced that it has priced an offering to sell $1.25 billion of senior notes, consisting of $425 million of five-year senior notes at a coupon of 3.2%; $425 million of 10-year senior notes at a coupon of 5%; and $400 million of 30-year senior notes at a coupon of 6.2%. The notes will be issued under the partnership's existing shelf registration statement previously filed with the Securities and Exchange Commission. The net proceeds, after deducting underwriting discounts and commissions, are expected to be $1.24 billion. ONEOK Partners expects to use the proceeds to repay amounts outstanding under its $1.2 billion commercial paper program and for general partnership purposes. The joint book-running managers for the offering are RBS Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. ONEOK Partners expects the notes offering to close on Sept. 12, 2013.  Full Article

Oneok Partners LP To Acquire Natural Gas Gathering And Processing And Natural Gas Liquids Assets For $305 Million
Monday, 26 Aug 2013 04:21pm EDT 

Oneok Partners LP announced that it will invest approximately $440 million in the natural gas liquids-rich area in the Powder River Basin in Wyoming to: Purchase a 50-million cubic feet per day (MMcf/d) natural gas processing facility - the Sage Creek plant and related natural gas gathering and naturalgas liquids (NGL) infrastructure - in western Converse and Campbell Counties, Wyo., for $305 million from an undisclosed seller; and Invest $135 million to upgrade and construct natural gas gathering and processing related infrastructure, NGL gathering pipelines and well connections. The partnership expects to close the transaction during the third quarter 2013 and complete the related infrastructure projects in the second half 2014. Financing for this transaction will come from available cash and short-term borrowings.  Full Article

Oneok Partners LP Prices Common Units Public Offering
Wednesday, 7 Aug 2013 08:43am EDT 

Oneok Partners LP announced that it priced a public offering of 10.0 million common units at $49.61 per unit. Additionally, ONEOK will contribute $10.5 million to maintain its 2 % general partner interest. ONEOK Partners also granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common units to cover any over-allotments. ONEOK Partners expects to use the net proceeds from the common unit offering for general partnership purposes and to repay amounts outstanding under its $1.2 billion commercial paper program.  Full Article

Oneok Partners LP Announces 10.0 Million Common Units Public Offering
Tuesday, 6 Aug 2013 04:14pm EDT 

Oneok Partners LP announced a public offering of 10.0 million of its common units, representing limited partner interests, subject to market and other conditions. The units will be offered by ONEOK Partners pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission. ONEOK Partners expects to use the net proceeds from the common unit public offering for general partnership purposes and to repay amounts outstanding under its $1.2 billion commercial paper program. Morgan Stanley, Barclays, J.P. Morgan, UBS Investment Bank, Wells Fargo Securities, Citigroup, Deutsche Bank Securities, Goldman, Sachs & Co. and RBC Capital Markets are acting as joint book-running managers in the public offering. Baird, BB&T Capital Markets, Global Hunter Securities, Oppenheimer & Co. and Stifel are acting as co-managers in the public offering.  Full Article

Oneok Partners LP Reaffirms FY 2013 Net Income Guidance
Tuesday, 30 Jul 2013 04:05pm EDT 

Oneok Partners LP reaffirmed its fiscal 2013 net income guidance range of $790 million to $870 million, announced on February 25, 2013.  Full Article

Oneok Partners LP Increases Quarterly Distribution
Thursday, 25 Jul 2013 04:05pm EDT 

Oneok Partners LP announced that it has increased the partnership's quarterly cash distribution by 0.5 cents to 72 cents per unit from 71.5 cents per unit, effective for the second quarter 2013, resulting in an annualized cash distribution of $2.88 per unit. The distribution is payable Aug. 15, 2013, to unitholders of record as of Aug. 5, 2013.  Full Article

Oneok Partners LP Reaffirms FY 2013 Net Income Guidance
Tuesday, 30 Apr 2013 04:05pm EDT 

Oneok Partners LP reaffirmed net income guidance range of $790 million to $870 million and its distributable cash flow (DCF) range of $910 million to $1.0 billion, provided on Feb. 25, 2013.  Full Article

Oneok Partners LP Increases Quarterly Distribution
Thursday, 18 Apr 2013 04:05pm EDT 

Oneok Partners LP announced that it increased the partnership's quarterly cash distribution by $0.005 0 to $0.715 per unit from $0.71 per unit, effective for the first quarter 2013, resulting in an annualized cash distribution of $2.86 per unit. The distribution is payable May 15, 2013, to unitholders of record as of April 30, 2013.  Full Article

Oneok Partners LP Lowers FY 2013 Net Income Guidance
Monday, 25 Feb 2013 04:05pm EST 

Oneok Partners LP announced that for fiscal 2013, it expects net income guidance range to $790 million to $870 million, compared with the previous guidance range of $935 million to $1.015 billion announced on September 24, 2012.  Full Article

UPDATE 1-Oneok moves to reverse pipeline flow due to U.S. propane squeeze

NEW YORK, Jan 31 - U.S. energy company Oneok Partners LP moved on Friday to reverse the flow of a propane pipeline to help supplies reach a Kansas storage hub and ease a shortage of the heating fuel suffered by millions in the Midwest and Northeast.

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