ONEOK Announces Agreement to Sell Wholly Owned Interstate Natural Gas Pipelines to DT Midstream
ONEOK, Inc. (OKE)
Last oneok, inc. earnings: 4/28 04:15 pm
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Source: PR Newswire
Assets to be Sold Include Guardian, Midwestern and Viking Gas TransmissionTULSA, Okla., Nov. 19, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") today announced that it has executed a definitive agreement with DT Midstream, Inc. (NYSE: DTM) ("DT Midstream") under which ONEOK will sell its three wholly owned interstate natural gas pipeline systems for a total cash consideration of $1.2 billion subject to customary adjustments. Based on Federal Energy Regulatory Commission (FERC) filings, the purchase price represents 10.8 times previous 12 months EBITDA as of June 30, 2024.The transaction, unanimously approved by the boards of directors of both ONEOK and DT Midstream, is expected to close in the fourth quarter of 2024, and is subject to customary closing conditions, including Hart-Scott-Rodino Act clearance."This transaction will align and enhance our capital allocation priorities within our integrated operating footprint," said Pierce H. Norton II, ONEOK president and chief exe
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News
- ONEOK Announces Agreement to Sell Wholly Owned Interstate Natural Gas Pipelines to DT Midstream [Yahoo! Finance]Yahoo! Finance
- ONEOK Foundation Donates $100,000 to Wildfire Disaster Relief ProgramPR Newswire
- ONEOK, Inc. (NYSE: OKE) had its price target raised by analysts at UBS Group AG from $112.00 to $132.00. They now have a "buy" rating on the stock.MarketBeat
- ONEOK to Participate in BofA Securities Global Energy ConferencePR Newswire
- ONEOK, Inc. (NYSE: OKE) was upgraded by analysts at Mizuho to a "hold" rating.MarketBeat
OKE
Earnings
- 10/29/24 - Miss
OKE
Sec Filings
- 11/13/24 - Form 144
- 11/13/24 - Form 8-K
- 11/12/24 - Form 4
- OKE's page on the SEC website