An update from Oneok ( (OKE) ) is now available.
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ONEOK, Inc. has completed the sale of its three interstate natural gas pipeline systems—Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission—to DT Midstream, Inc. for $1.2 billion. This transaction is a strategic move to optimize ONEOK’s asset portfolio and enhance its financial flexibility, supporting its capital allocation priorities and leverage target for 2026. The sale is expected to positively impact ONEOK’s operations by allowing it to focus on its core businesses while DT Midstream assumes responsibility for the pipelines, including the establishment of a new Tulsa office.
More about Oneok
ONEOK, Inc. is a leading midstream operator providing gathering, processing, fractionation, transportation, and storage services for natural gas, natural gas liquids (NGLs), refined products, and crude oil. Based in Tulsa, Oklahoma, the company operates a vast 50,000-mile pipeline network, contributing to domestic and international energy demand and security. ONEOK is one of North America’s largest diversified energy infrastructure companies and is listed on the S&P 500.
YTD Price Performance: 0.0%
Average Trading Volume: 2,930,999
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $59.46B
For an in-depth examination of OKE stock, go to TipRanks’ Stock Analysis page.
