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Stock impact report

ONEOK Closes Sale of Wholly Owned Interstate Natural Gas Pipelines [Yahoo! Finance]

ONEOK, Inc. (OKE) 
Last oneok, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
TULSA, Okla. Dec. 31, 2024 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that it has closed the sale of its three wholly owned interstate natural gas pipeline systems to DT Midstream, Inc. (NYSE: DTM), effective as of 11:59 p.m. Central on Dec. 31, 2024 , for a total cash consideration of $1.2 billion , subject to customary adjustments. ONEOK, Inc. logo (PRNewsfoto/ONEOK, Inc.) "The closing of this transaction represents another milestone in the strategic optimization of our integrated asset portfolio and advances our capital allocation priorities," said Pierce H. Norton II , ONEOK president and chief executive officer. "As the new owner of these pipelines, DT Midstream brings a shared commitment to safety, reliability and excellence that will serve all stakeholders well. "We appreciate the dedication of our employees transitioning to DT Midstream, where they will play a vital role in establishing the company's new Tulsa office and continue to be instrumental in the s Show less Read more
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