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An announcement from Oneok ( (OKE) ) is now available.
On January 31, 2025, ONEOK completed its acquisition of EnLink Midstream, strengthening its integrated midstream business and enhancing value for stakeholders. The acquisition was approved by EnLink unitholders and involved a share exchange, marking the end of EnLink’s public trading on the NYSE. This strategic acquisition allows ONEOK to further diversify its platform and integrate EnLink’s operations, providing potential benefits across the combined entity. The internal reorganization following the merger included assuming various obligations and providing guarantees, indicating a significant operational integration effort.
More about Oneok
ONEOK is a leading midstream operator delivering energy products and services essential to modern life, including gathering, processing, fractionation, transportation, and storage services. The company operates a 60,000-mile pipeline network, transporting natural gas, natural gas liquids, refined products, and crude oil across North America. Headquartered in Tulsa, Oklahoma, ONEOK is one of the largest diversified energy infrastructure companies, contributing to energy security and providing safe, reliable energy solutions domestically and internationally.
YTD Price Performance: -1.87%
Average Trading Volume: 3,454,241
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $58.35B
See more data about OKE stock on TipRanks’ Stock Analysis page.
