NYSE:OKEOil and Gas
Will ONEOK's (OKE) Surging Synergies and Growth Backlog Reshape Its Free Cash Flow Narrative?
In recent comments, ONEOK reported that over the past two years it has doubled EBITDA, captured US$475 million of acquisition synergies, more than twice its original target, and continues to operate the longest refined products pipeline system in the United States.
Management also outlined a multi‑billion‑dollar organic growth backlog and a capital expenditure cycle that it believes could start unlocking greater free cash flow from 2027, signaling how integration gains and project timing may...