secwatch.observer — SEC 8-K summary
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Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0001039684-25-000002
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONEOK completes $1.2B sale of three interstate gas pipelines to DT Midstream
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- Sale of Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission to DT Midstream for $1.2B cash.
- Net proceeds enhance financial flexibility toward ONEOK's leverage target of 3.5x by 2026.
- DT Midstream to establish new Tulsa office; transitioning employees will continue operating pipelines.
- President and CEO Pierce Norton states transaction advances capital allocation priorities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000103968425000002/0001039684-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000103968425000002/oke-20241231.htm
  HTML page:      https://secwatch.observer/filing/0001039684-25-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer