Market forces rained on the parade of ONEOK, Inc. (NYSE:OKE) shareholders today, when the analysts downgraded their...
ONEOK, Inc. (NYSE: OKE) will participate in the Citi Global Energy and Utilities Virtual Conference on May 12-13, 2020.
ONEOK (NYSE: OKE) expected 2020 to be a banner year. It initially thought that its earnings would soar 25%, fueled by several recently completed expansion projects. While the company did get off to a solid start in the first quarter, plunging oil prices forced many of its customers to reduce their production and drilling activities, and far fewer volumes will flow through the pipeline company's systems this year.
Oneok (OKE) delivered earnings and revenue surprises of 3.75% and -15.05%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
ONEOK, Inc. (NYSE: OKE) will participate in the Bernstein Strategic Decisions Virtual Conference on May 27-28, 2020.
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Benefits from higher fee-based earnings are likely to get reflected in ONEOK's (OKE) first-quarter 2020 results.
ONEOK, Inc. (NYSE: OKE) today announced first quarter 2020 financial results, provided a 2020 outlook and reduced 2020 capital expenditures.
Short sellers have pocketed a tidy sum betting against the sector as the price of crude plunged amid the COVID-19 crisis.
Q1 2020 ONEOK Inc Earnings Call
ONEOK believes it can navigate through the oil industry's current rough patch while leaving its dividend intact.
Lower investment returns and milder-than-normal weather at its utility operations hurt MDU Resources' (MDU) Q1 earnings.
SWX vs. OKE: Which Stock Is the Better Value Option?
Crashing crude oil prices have weighed on most energy stocks, including pipeline companies that are relatively immune to fluctuations in volumes and pricing. Because of that, many sell for dirt-cheap prices these days. Three that stand out are Kinder Morgan (NYSE: KMI), Williams Companies (NYSE: WMB), and ONEOK (NYSE: OKE).
ONEOK, Inc. (NYSE: OKE) today announced that it has priced an offering to sell $1.5 billion of senior notes, consisting of $600 million of 5-year senior notes at a coupon of 5.85%, $600 million of 10-year senior notes at a coupon of 6.35% and $300 million of 30-year senior notes at a coupon of 7.15%.
Moody's Investors Service, ("Moody's") affirmed ONEOK, Inc.'s (ONEOK) and ONEOK Partners, L.P.'s senior unsecured Baa3 ratings and P-3 commercial paper ratings and changed the outlook to stable from positive. "The stable outlook recognizes ONEOK's flexibility to scale down capital investment and maintain its balance sheet and adequate liquidity through 2020, amid the rapid decline in E&P activity in its key basins, as well as its capacity and resolve to return to the deleveraging path in 2021," said Elena Nadtotchi, Senior Credit Officer at Moody's.
Oneok Inc. (OKE) closed at $27.31 in the latest trading session, marking a +1.41% move from the prior day.
OKE earnings call for the period ending March 31, 2020.
Pipeline giants Kinder Morgan (NYSE: KMI) and ONEOK (NYSE: OKE) have been pummeled this year due to all the turbulence in the oil market. Kinder Morgan's stock has tumbled more than 25%, while shares of ONEOK plunged more than 50%.
ONEOK's (OKE) first-quarter 2020 earnings improve on a year-over-year basis.