ONEOK is plugging together a growing network of pipelines and export links that could benefit as more U.S. gas and related fuels move to overseas buyers and big industrial customers. The upside comes from smoother operations after recent deal-making and new connections coming online, but the story could unravel if clean-energy shifts, regional slowdowns, or tougher contract renewals squeeze volumes and pricing.Read more
ONEOK is building out pipelines and export-related infrastructure and folding in acquired assets, which could keep cash flows steady in the near term. But as cleaner energy grows and emissions rules tighten, this heavy bet on fossil-fuel networks could face shrinking demand, higher costs, and more earnings swings than many expect.Read more
ONEOK is building out pipelines and export links as global demand for U.S. gas and related fuels grows, and recent deals could make its network work better together. The catch is that its results can swing with energy market ups and downs, and debt, permitting delays, and shifting policy could slow the payoff from new projects.Read more
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ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It operates in four segments: Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines; and Refined Products and Crude. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent, Permian Basin, North Texas, Gulf Coast region, and Rocky Mountain regions; and provides midstream services to producers of NGLs. It also owns NGL gathering and distribution pipelines, fractionation, terminal and storage facilities; and transports refined products, including gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. In addition, the company transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities; it owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases buildings, warehouses, office space, land, and equipment, including pipeline equipment, pipeline capacity, rail cars, and information technology equipment. Further, the company transports, stores, and distributes refined products, purity NGLs, and crude oil, as well as conducts commodity-related activities, including liquids blending and marketing activities. It serves integrated and independent exploration and production companies; other NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; utilities; industrial companies; natural gasoline distributors; propane distributors; municipalities; ethanol producers; petrochemical, refining, and marketing companies; and diluent users, refineries, and exporters. ONEOK, Inc. was founded in 1906 and is headquartered in Tulsa, Oklahoma.
