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ONEOK Partners LP (OKS)

OKS on New York Consolidated

48.33USD
23 Jun 2017
Change (% chg)

$1.39 (+2.96%)
Prev Close
$46.94
Open
$47.00
Day's High
$48.40
Day's Low
$46.83
Volume
854,208
Avg. Vol
970,081
52-wk High
$57.41
52-wk Low
$36.13

Latest Key Developments (Source: Significant Developments)

ONEOK to expand Mid-Continent NGL gathering system, Sterling III Pipeline
Monday, 19 Jun 2017 06:30am EDT 

June 19 (Reuters) - ONEOK Inc ::ONEOK to expand infrastructure to serve STACK growth.ONEOK Inc - ONEOK expects to invest approximately $130 million for these projects, which are expected to be complete by end of 2018.ONEOK Inc - plans to connect natural gas gathering system to existing third-party natural gas processing facility in northern Oklahoma.ONEOK Inc - expansions to help accommodate expected volume growth from current, future Enlink natural gas processing plants in stack play in western Oklahoma.ONEOK Inc - pipeline is expected to cost approximately $40 million and be completed by end of 2017.ONEOK Inc - to connect its natural gas gathering system by constructing a nearly 30-mile natural gas gathering pipeline and related infrastructure.ONEOK Inc -third-party plant connected to ONEOK'S NGL gathering system expected to provide incremental NGL volumes as natural gas processing volumes increase.ONEOK Inc - has entered into long-term processing services agreement with third party to gain access to additional 200 million mmcf/d of natural gas processing capacity in STACK, scoop.  Full Article

ONEOK, ONEOK Partners announce organizational changes
Thursday, 25 May 2017 05:29pm EDT 

May 25 (Reuters) - Oneok Inc :Oneok and oneok partners announce organizational changes consolidating key reporting responsibilities.Oneok partners lp - ‍walter s. Hulse iii becomes chief financial officer and executive vice president, strategic planning and corporate affairs​.Oneok partners -kevin l. Burdick, currently executive vice president and chief commercial officer, becomes executive vice president and coo.Oneok partners -derek s. Reiners, currently senior vp, cfo and treasurer, becomes senior vice president, finance, and treasurer.  Full Article

Oneok qtrly net income per diluted share $0.41
Tuesday, 2 May 2017 04:20pm EDT 

May 2 (Reuters) - Oneok Inc ::Oneok announces higher first-quarter 2017 financial results.Oneok Inc - Oneok reaffirms 2017 financial guidance.Fy2017 earnings per share view $1.90, revenue view $10.71 billion -- Thomson Reuters I/B/E/S.Qtrly NGL sales including ethane 9.8 mbbl/d versus 16.4 mbbl/d.Oneok Inc qtrly net income per diluted share $0.41.Q1 earnings per share view $0.43 -- Thomson Reuters I/B/E/S.Oneok Inc qtrly total revenues $2.75 billion versus $1.77 billion last year.Q1 revenue view $2.68 billion -- Thomson Reuters I/B/E/S.  Full Article

ONEOK declares quarterly dividend of 61.5 cents per share
Thursday, 20 Apr 2017 04:20pm EDT 

April 20 (Reuters) - ONEOK Inc -:ONEOK Inc - declared a quarterly dividend of 61.5 cents per share, resulting in an annualized dividend of $2.46 per share.  Full Article

Oneok Partners says entered first amendment to $1 bln unsecured term loan agreement
Wednesday, 19 Apr 2017 04:40pm EDT 

April 19 (Reuters) - Oneok Partners Lp ::On April 18, co entered into first amendment to $1.0 billion unsecured term loan agreement dated as of January 8, 2016.Amended term loan agreement will not become effective if merger with Oneok Inc has not been completed by october 16, 2017.  Full Article

Oneok Inc qtrly EPS $0.43
Monday, 27 Feb 2017 04:20pm EST 

Oneok Inc : Oneok announces higher fourth-quarter and full-year 2016 financial results . Oneok inc - qtrly earnings per share $0.43 . Says for 2017 co is well-positioned to capture future increases in ngl transportation and fractionation volumes . Says 2017 guidance expectations already take into account weather impacts experienced in late 2016 and in early 2017 . Says increased producer activity across our operating footprint is expected to benefit all three business segments in 2017 . Oneok inc - qtrly ngl sales including ethane 12.5 mbbl/d versus 20.5 mbbl/d . Q4 revenue $2.65 billion versus $1.93 billion last year .Q4 earnings per share view $0.46, revenue view $2.49 billion -- Thomson Reuters I/B/E/S.  Full Article

Oneok Partners announces fourth-quarter results
Monday, 27 Feb 2017 04:15pm EST 

Oneok Partners Lp : Oneok partners announces higher fourth-quarter and full-year 2016 financial results . Oneok partners lp says qtrly net income per limited partner unit $0.60 .Oneok partners lp says experienced lower than expected natural gas and ngl volumes in q4.  Full Article

Oneok says oneok partners must pay termination fee of up to $300 mln
Wednesday, 1 Feb 2017 05:43pm EST 

Oneok Inc :Oneok Inc - Oneok Partners must pay Oneok a termination fee of up to, in certain instances, $300 million.  Full Article

Oneok to buy rest of Oneok Partners for $9.3 bln
Wednesday, 1 Feb 2017 06:44am EST 

Oneok Inc : Oneok announces agreement to acquire remaining public stake in Oneok partners in a transaction valued at $17.2 billion . Says oneok will acquire all of outstanding common units of oneok partners it does not already own for $9.3 billion in oneok common stock . Oneok announces agreement to acquire remaining public stake in oneok partners in a transaction valued at $17.2 billion . Oneok - deal to be immediately accretive, and then double-digit accretive to oneok's distributable cash flow (dcf) in all years from 2018 through 2021 . Oneok inc -each outstanding common unit of oneok partners that oneok does not already own will be converted into .985 shares of oneok common stock . Says oneok does not expect to pay cash income taxes through at least 2021 . Oneok inc - as a result of transaction, oneok's annual dcf is expected to approximately double . Says following close of transaction, oneok is expected to have a more than $30 billion enterprise value . Oneok inc - oneok will acquire all of outstanding common units of oneok partners it does not already own for $9.3 billion in oneok common stock . Oneok inc - upon completion of transaction, oneok does not expect to pay cash income taxes through at least 2021 . Oneok inc - management intends to recommend to oneok board a 21 percent increase in first quarterly dividend following completion of transaction.  Full Article

Oneok sees 2017 maintenance capital expense of $140 mln to $160 mln
Wednesday, 1 Feb 2017 06:30am EST 

Oneok Inc : Oneok inc - dividend increase of 21 percent to 74.5 cents per share . Oneok inc sees annual dividend growth of 9 to 11 percent through 2021 . Oneok announces 2017 financial guidance . Oneok inc sees 2017 maintenance capital expenditures $ 140 - $ 160 million . Oneok inc - natural gas liquids segment expects full-year 2017 adjusted ebitda of $1.11 billion to $1.31 billion . Oneok - ngls gathered expected to average 800,000 to 900,000 bpd and ngls fractionated are expected to average 575,000 to 635,000 bpd in 2017 . Oneok inc - natural gas pipelines segment expects full-year 2017 adjusted ebitda of $320 million to $340 million .Oneok inc - natural gas gathering and processing segment expects full-year 2017 adjusted ebitda of $445 million to $485 million.  Full Article

More From Around the Web

BRIEF-ISS, Glass Lewis & Co recommend ONEOK shareholders to vote in favor of proposed merger transaction

* ONEOK Inc - ISS and Glass Lewis & Co., have recommended votes in favor of proposed merger transaction between ONEOK and ONEOK partners Source text for Eikon: Further company coverage: