The latest update is out from Oneok ( (OKE) ).
ONEOK reported significant financial growth for the fourth quarter and full-year 2024, with net income reaching $3.1 billion and adjusted EBITDA at $6.78 billion. This growth was driven by strategic acquisitions, including EnLink and Medallion, increased volumes in the Rocky Mountain region, and a successful divestiture of an interstate pipeline. The company also completed several capital projects, such as the MB-6 fractionator and the Elk Creek pipeline expansion, further positioning itself for long-term growth. Additionally, ONEOK increased its quarterly dividend and repurchased shares, reflecting its commitment to returning value to shareholders.
More about Oneok
ONEOK, Inc. is a diversified midstream service provider in the energy sector, primarily engaged in the gathering, processing, storage, and transportation of natural gas and natural gas liquids (NGLs). The company focuses on strategic acquisitions and organic growth to expand its asset base and enhance its market position.
YTD Price Performance: -1.24%
Average Trading Volume: 3,609,528
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $61.21B
For an in-depth examination of OKE stock, go to TipRanks’ Stock Analysis page.