In the first quarter of 2025, ONEOK disclosed a rise in earnings along with a reiteration of their 2025 financial guidance. The company distributed a $1.03 dividend four days ago, and despite low analysts' expectations, Oneok displayed a strong performance in Q1 2025. Their yearly dividend is supported by a 60,000-mile pipeline network. Scotiabank adjusted Oneok's price target based on market forecasts. However, Oneok's earnings per share missed estimates. Following this, independent proxy advisory firms ISS and Glass Lewis recommended voting 'for' the pending Oneok acquisition. Evidence shows institutional investors, owning 72% of the company, are greatly invested in ONEOK. With a tax-free transaction, ONEOK closed the acquisition of the remaining public units in EnLink Midstream. Their position decreased slightly in the stock market, but they are still seen as one of the most profitable natural gas stocks. EnLink Midstream acquisition completed, and an agreement was penned for ONEOK to purchase a controlling interest in EnLink from Global Infrastructure Partners.
Oneok OKE News Analytics from Mon, 05 Aug 2024 07:00:00 GMT to Sat, 03 May 2025 12:15:53 GMT -
Rating 5
- Innovation 3
- Information 9
- Rumor 6
