Charles M. Kelley
On February 3, 2025, Charles M. Kelley, Senior Vice President, Commercial Natural Gas Pipelines and a named executive officer in our most recent proxy statement, provided notice of his intention to retire effective March 31, 2025.
Highest-materiality recent filing
ONEOK annual meeting results: all directors elected, PwC ratified, say-on-pay approved
All 10 director nominees elected; highest vote total for Mark A. McCollum (450.7M for, 3.3M against).
ONEOK Q1 net income up 12% to $776M; raises FY2026 guidance midpoint
Net income $776M ($1.23 diluted EPS) vs $691M ($1.04) in Q1 2025; adjusted EBITDA $1.997B (+13% YoY).
ONEOK announces retirement of directors Moore and Smith effective May 20, 2026
Pattye L. Moore will retire after her current term and not stand for re-election at the May 20, 2026 annual meeting.
ONEOK FY2025 net income up 11%, adjusted EBITDA up 18%; guides FY2026 EBITDA $8.1B
Net income attributable to ONEOK of $3.39B in 2025 ($5.42/diluted share) vs $3.04B ($5.17) in 2024.
ONEOK adds two independent directors, McCollum and Owodunni, to board
McCollum, former Weatherford CEO and Halliburton CFO, appointed to Audit and Corporate Governance committees.
ONEOK Q3 net income up 36% to $940M; adj EBITDA $2.12B; affirms 2025 guidance
Q3 2025 net income $940M ($1.49 diluted EPS) vs $693M ($1.18 EPS) a year ago; adjusted EBITDA $2.12B vs $1.55B.
ONEOK closes $3.0B note offering; proceeds to repay commercial paper, 2025 notes
Issued $750M 4.950% notes due 2032, $1.0B 5.400% notes due 2035, and $1.25B 6.250% notes due 2055.
ONEOK prices $3.0B notes offering across three tranches to refinance debt
$750M 4.95% notes due 2032, $1.0B 5.40% notes due 2035, $1.25B 6.25% notes due 2055.
ONEOK Q2 net income $841M ($1.34/diluted), adj EBITDA $1.98B, reaffirms FY 2025 guidance
Net income attributable to ONEOK $841M ($1.34 diluted EPS) vs $780M ($1.33) in Q2 2024.
ONEOK declares Q2 2025 dividend of $1.03/share, unchanged
Quarterly dividend of $1.03 per share, unchanged from previous quarter.
ONEOK schedules Q2 2025 earnings release for Aug 4, conference call Aug 5
Second quarter 2025 earnings to be released after market close on August 4, 2025.
ONEOK acquires remaining 49.9% of Delaware Basin JV for $940M
Total consideration $940M: $530M cash + $410M ONEOK common stock.
ONEOK to participate in investor conference with fireside chat on May 28
Fireside chat at 2:30 p.m. ET (1:30 p.m. CT) on Wednesday, May 28, 2025.
ONEOK shareholders approve 2025 equity plans, authorize ~19.15M shares for awards
Shareholders approved 2025 Equity Incentive Plan, authorizing up to ~19.15M shares (16.87M new + 2.28M from prior plan plus recycled awards).
ONEOK Q1 2025: EPS $1.04, Adj. EBITDA $1.78B, EnLink closed Jan 31
Net income attributable to ONEOK $636M ($1.04 diluted EPS); includes $42M transaction costs; Q1 2024 net income $639M ($1.09 EPS).
ONEOK declares Q2 2025 dividend of $1.03 per share, unchanged
Quarterly dividend of $1.03 per share declared, unchanged from prior quarter.
ONEOK schedules Q1 2025 earnings release for April 29 after market close
Earnings release after market close on April 29, 2025.
ONEOK Sets 2025 Annual Meeting for May 21; Record Date March 24
Annual meeting scheduled for May 21, 2025, at 9 a.m. Central Time.
ONEOK 2025 guidance: Adj EBITDA mid $8.225B (+21% YoY); EPS $5.37 (+8%); 2026 >15% EPS growth
2025 net income midpoint $3.45B (+11% YoY); diluted EPS $5.37 (+8% YoY ex items).
ONEOK reports Q4 net income $1.0B, adj. EBITDA $2.17B; dividend up 4% to $1.03/quarter
Net income attributable to ONEOK Q4: $923M ($1.57 diluted); FY: $3.035B ($5.17 diluted).
ONEOK upsizes revolving credit facility to $3.5B, extends maturity to 2030
Revolving unsecured credit facility increased from $2.5B to $3.5B.
ONEOK and MPLX form JVs to build 400K bpd LPG export terminal and pipeline; total cost $1.75B
Joint venture for Texas City LPG export terminal: 50/50 ONEOK/MPLX, 400,000 bpd capacity, total investment ~$1.4B.
ONEOK closes EnLink acquisition; EVP Kelley to retire in March
Closed acquisition of EnLink Midstream, LLC on Jan 31, 2025; EnLink now wholly owned subsidiary.
ONEOK completes acquisition of EnLink Midstream in stock-for-unit deal closed Jan 31, 2025
EnLink unitholders received 0.1412 shares of OKE common stock per EnLink unit; units delisted from NYSE.
EnLink unitholders approve ONEOK's acquisition of remaining public units; close set for Jan. 31
99.8% of voted units (379.1M) in favor; 82.9% of all outstanding units voted for the deal.
ONEOK schedules Q4 2024 earnings release for Feb. 24, 2025, call Feb. 25
Earnings release after market close on Feb. 24, 2025.
ONEOK appoints Randy Lentz EVP/COO and Sheridan Swords EVP/CCO, effective Jan 6, 2025
Randy Lentz, former Medallion Midstream CEO, named to newly created EVP/COO role, reporting to CEO.
ONEOK completes $1.2B sale of three interstate gas pipelines to DT Midstream
Sale of Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission to DT Midstream for $1.2B cash.
ONEOK-EnLink deal special meeting set for Jan. 30, 2025; proxy filed with SEC
EnLink definitive proxy filed Dec. 31; unitholders of record Dec. 23, 2024 can vote.
ONEOK to participate in investor conference; fireside chat Dec. 10
Fireside chat session at 11 a.m. ET (10 a.m. CT) on Tuesday, Dec. 10, 2024.
ONEOK completes 125K bpd MB-6 fractionator and full pipeline looping
MB-6 fractionator completed in Mont Belvieu, Texas, adds 125,000 bpd capacity.
ONEOK to acquire remaining EnLink units for $4.3B in stock; exchange ratio 0.1412
Deal valued at $4.3B: ONEOK issues ~37M shares (6% of pro forma outstanding) at $15.75/EnLink unit.
ONEOK sells three interstate gas pipelines to DT Midstream for $1.2B cash
Assets sold: Guardian Pipeline, Midwestern Gas Transmission, and Viking Gas Transmission.
ONEOK announces BofA conference participation; no material financial update
Announced participation in BofA Securities Global Energy Conference on Nov. 13, 2024 in Houston.
ONEOK completes $2.6B acquisition of Medallion Midstream, largest private Permian crude system
Total cash consideration ~$2.6B for Medallion and DoublePoint interests acquired from Global Infrastructure Partners.
ONEOK reports Q3 net income $693M ($1.18 EPS), raises 2024 guidance second time
Net income $693M vs $454M YoY; diluted EPS $1.18 vs $0.99; adjusted EBITDA $1.55B vs $1.015B.
ONEOK declares quarterly dividend of $0.99 per share, unchanged
Quarterly dividend of $0.99 per share declared, unchanged from prior quarter.
ONEOK closes $3.3B acquisition of GIP's controlling stake in EnLink Midstream
Total cash consideration of approximately $3.3 billion for 43% of EnLink common units at $14.90/unit plus $300M for managing member interests.
ONEOK schedules Q3 2024 earnings release for Oct. 29 and conference call for Oct. 30
Earnings release after market close on Oct. 29, 2024.
Completed $7.0B note offering across six tranches (4.25% 2027 – 5.85% 2064); net proceeds ~$6.9B.
ONEOK prices $7.0B senior notes offering to fund EnLink and Medallion acquisitions
$7.0B of senior notes priced across six tranches from 3-year (4.25%) to 40-year (5.85%); net proceeds ~$6.92B.
ONEOK to present at Barclays CEO Energy-Power Conference on Sept 4-5, 2024
Fireside chat on Sept. 4 at 2:25 p.m. ET (1:25 p.m. CT) in New York.
ONEOK to acquire 43% of EnLink and Medallion from GIP for $5.9B
Total consideration $5.9B: $3.3B for EnLink interests ($14.90/unit for 43% of units + $300M for managing member) and $2.6B for Medallion.
ONEOK announces participation in Citi Midstream Conference; no material financial updates
ONEOK to hold investor meetings at Citi Midstream and New Energy Infrastructure Conference in Las Vegas, Aug 13-14, 2024.
ONEOK Q2 net income $780M, adj. EBITDA $1.6B; affirms FY 2024 guidance
Net income of $780M ($1.33 diluted EPS) vs $468M year-ago; adjusted EBITDA $1.6B.
ONEOK releases 2024 Corporate Sustainability Report; 50% of 2030 GHG target achieved
Achieved ~50% of its 2030 greenhouse gas emissions reduction target as of year-end 2023.
ONEOK announces $480M refined products pipeline expansion to Denver area, mid-2026 completion
New 230-mile, 16-inch pipeline from Scott City, KS to Denver International Airport, plus pump station upgrades.
ONEOK declares quarterly dividend of $0.99 per share, unchanged
Quarterly dividend of $0.99 per share declared, unchanged from prior quarter.
ONEOK schedules Q2 2024 earnings release for August 5, conference call August 6
Q2 2024 earnings to be released after market close on August 5, 2024.
ONEOK announces 2023 Schedule K-3 available for former Magellan unitholders
2023 Schedule K-3 for Magellan Midstream Partners now available online at taxpackagesupport.com/mmp.
On February 3, 2025, Charles M. Kelley, Senior Vice President, Commercial Natural Gas Pipelines and a named executive officer in our most recent proxy statement, provided notice of his intention to retire effective March 31, 2025.
On January 6, 2025, the Board of Directors of ONEOK, Inc. (“ONEOK”) appointed Randy Lentz, 60, as Executive Vice President and Chief Operating Officer of ONEOK, effective as of January 6, 2025.
Max materiality 1.00 · Median 0.62 · Most common event other