OKE 📈 ONEOK - Overview

ONEOK, Inc. is a leading player in the US energy landscape, specializing in the gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL). The company's operations are segmented into four key areas: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude. This diversified approach enables ONEOK to provide a comprehensive range of midstream services to producers of NGLs, leveraging its extensive network of natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.

The company's assets include a substantial portfolio of NGL gathering and distribution pipelines, spanning across Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado. Additionally, ONEOK operates terminal and storage facilities in Kansas, Nebraska, Iowa, and Illinois, as well as NGL distribution pipelines in Kansas, Nebraska, Iowa, Illinois, and Indiana. Its transportation capabilities extend to refined petroleum products, including unleaded gasoline and diesel, with truck- and rail-loading, and -unloading facilities connected to NGL fractionation, storage, and pipeline assets. This integrated infrastructure allows for efficient and reliable transportation of energy products.

ONEOK's natural gas transmission pipelines and storage facilities play a critical role in the US energy infrastructure, enabling the company to transport and store natural gas through regulated interstate and intrastate pipelines. The company's customer base is diverse, comprising integrated and independent exploration and production companies, other NGL and natural gas gathering and processing companies, crude oil and natural gas production companies, utilities, industrial companies, and various distributors. By providing a broad range of services, including liquids blending and marketing activities, ONEOK supports the energy needs of its customers, from heating fuel users and refineries to exporters and petrochemical companies.

With a history dating back to 1906, ONEOK, Inc. has established itself as a reputable and experienced player in the energy sector. Headquartered in Tulsa, Oklahoma, the company has evolved to meet the changing needs of the industry, while maintaining a strong commitment to its core business. As a publicly traded company, ONEOK's common stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol OKE, with a GICS Sub Industry classification of Oil & Gas Storage & Transportation. With its extensive operations, diversified customer base, and long history, ONEOK is well-positioned to continue playing a significant role in the US energy landscape.