ONEOK, Inc.

ONEOK, Inc.

ONEOK, Inc.

Overview
Date Founded

1906

Headquarters

100 West 5th Street,Tulsa, OK 74103

Type of Company

Public

Employees (Worldwide)

2,886

Industries

Oil & Gas
Power & Utilities

Company Description

ONEOK consists of three business segments: Distribution, Energy Services and ONEOK Partners. Distribution: Provides low-risk and stable cash flow Rate strategies have led to an increase in sustainable earnings and improved returned on equity Energy Services: Combined supply, transportation and storage contracts provide premium service to customers Positions us to capture upside in the market ONEOK Partners ONEOK's primary growth engine Provides non-discretionary services to natural gas producers and various customers

Contact Data
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Executives & Employees

President, Chief Executive Officer & Director

Chief Financial Officer

Chief Financial Officer

Executive Vice President & Chief Operating Officer

Senior Vice President, General Counsel & Assistant Secretary

Chief Information Officer & Vice President

Vice President & Chief Accounting Officer

Vice President & Chief Accounting Officer

Executive Vice President & Chief Administrative Officer

Senior Vice President-Natural Gas

Board of Directors

Chairman & President at ONEOK Foundation, Inc.

Founder at Smith, Graham & Co. Investment Advisors LP

Professional at Brookshire Grocery Co.

Owner at Pattye Moore & Associates LLC

Former Chairman of the Board, President & Chief Executive Officer at WPX Energy, Inc.

Former Chief Development Officer & Group Vice President at Duke Energy Corp.

President, Chief Executive Officer & Director at ONEOK, Inc.

President at Strategic Communications Consulting Group

Executive Vice President at Frontier Holdings, Inc.

General Partner at MarkWest Energy Partners LP

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Owners & Shareholders
Details Hidden

Tortoise Capital Advisors' primary investment strategy is fundamentals based, long-only, with an emphasis on managing risk which they define as the potential for a permanent loss of capital. However, the firm’s investment strategies may include short-term purchases and trading where appropriate, as indicated by their fundamental and technical analysis. They evaluate companies operating in both the energy and global water value chains to gain a better understanding of the impact on their respective investments. Tortoise Capital Advisors has primary coverage on all midstream MLPs and pipeline c-corporations in the investment universe, and a majority of the large energy and power companies. They have secondary coverage on all other MLPs, as well as a majority of the energy value chain in their investment universe.

Details Hidden

Salient is an asset management and wealth advisory firm headquartered in Houston, Texas. Our clients have entrusted us with $17.9 billion* of their capital, which we invest and advise across a broad spectrum of traditional and alternative investments. Regardless of the business line, the unifying elements of our approach are: an emphasis on risk management, employing a research-driven investment process, and a focus on maximizing the impact of the fees and costs we incur in our investment implementation. In short, we believe that our clients should be compensated for the risks they take and the fees and costs they incur. Our collective experience tells us that this approach is the best way for Salient to help our clients achieve their financial objectives.

Details Hidden

Harvest Fund Advisors’ principal investment area is energy and energy infrastructure assets with a particular focus on US master limited partnerships (MLPs). The firm employs fundamental, value-oriented, bottom-up research, analysis, and industry knowledge to generate alpha returns. The funds may be organized in the US or in a foreign jurisdiction as limited liability companies, limited partnerships, trusts, or offshore corporations, partnerships, trusts, or any other legal entity. For some of their clients or funds, Harvest Fund Advisors may purchase or sell derivatives instruments or swaps.

Recent Transactions
Details Hidden

ONEOK, Inc. issued USD Common Stock

Details Hidden

ONEOK, Inc. purchases ONEOK West Texas NGL Pipeline LLC from Martin Midstream Partners LP

Details Hidden

ONEOK, Inc. issued USD Common Stock

Transaction Advisors
Legal Advisor

Advised onONEOK, Inc. purchases Koch Industries, Inc. /NGL Businesses from Koch Industries, Inc.

Accountant

Advised onONEOK, Inc. purchases Southern Union Gas Co. from Southern Union Co.

Underwriter

Advised onONEOK, Inc. issued USD Common Stock

Legal Advisor

Advised on purchases One Gas, Inc. from ONEOK, Inc.

Associate

Advised onONEOK, Inc. issued USD Common Stock

Legal Advisor

Advised onONEOK, Inc. purchases ONEOK Partners, L.P.

Advisors & Consultants
Legal Advisor

Partner at Fried, Frank, Harris, Shriver & Jacobson LLP

Legal Advisor

Of Counsel at Potter Anderson & Corroon LLP

Clients

WEC Energy Group, Inc. is a holding company, which engages in the generation and distribution of electricity and natural gas. It operates through the following segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure and Corporate & Other. The Wisconsin segment refers to the electric and gas utility operations. The Illinois segment deals with natural gas utility and non-utility activities. The Other States segment pertains to natural gas operations of the firm's subsidiaries. The Electric Transmission segment holds interests in state regulatory commissions. The Non-Utility Energy Infrastructure segment includes Wisconsin Electric Power, which owns and leases generating facilities. The Corporate and Other segment refers to the firm's administrative and holding activities. The company was founded in 1981 and is headquartered in Milwaukee, WI.

Antero Resources Corp. is an independent oil and natural gas company. It engages in the exploration, development, and production of natural gas, NGLs, and oil. The firm focuses on marketing and utilization of excess firm transportation capacity, and equity method investment in Antero Midstream Corporation. The company was founded by Paul M. Rady and Glen C. Warren, Jr. in June 2002 and is headquartered in Denver, CO.

EnLink Midstream LLC engages in transmission, processing and marketing of natural gas and crude oil. It operates through the following segments: Permian, North Texas, Oklahoma, Louisiana, and Corporate. The Permian segment includes natural gas gathering, processing, and transmission activities and crude oil operations in the Midland and Delaware Basins in West Texas and Eastern New Mexico and crude operations in South Texas. The North Texas segment includes natural gas gathering, processing, and transmission activities in North Texas. The Oklahoma segment includes natural gas gathering, processing, and transmission activities, and crude oil operations in the Cana-Woodford, Arkoma-Woodford, northern Oklahoma Woodford, STACK, and CNOW shale areas. The Louisiana segment includes natural gas pipelines, natural gas processing plants, storage facilities, fractionation facilities, and NGL assets located in Louisiana and crude oil operations in ORV. The Corporate segment includes investments in the Cedar Cove JV in Oklahoma, ownership interest in GCF in South Texas, derivative activity, and general corporate assets and expenses. The company was founded in October 2013 and is headquartered in Dallas, TX.

Key Stats and Financials As of 2020
Market Capitalization
$26.8B
Total Enterprise Value
$30.4B
Earnings Per Share
$1.42
Revenue
$8.46B
Enterprise Value EBITDAOperating
12.22x
TEVNet Income
49.62x
Debt TEV
0.47x
Enterprise Value / Sales
3.6x
EBITDAMargin
29.32%
Total Equity
$6.04B
Total Debt
$14.4B
Net Profit
$613M
EBITDA
$2.48B
Three Year Compounded Annual Growth Rate Of Revenue
-11.6%
Non-Profit Donations & Grants
Political Donations
$1,000
2014
$2,000
2014
$700
2014
Suppliers
Unit Corp. Power & Utilities | Tulsa, OK

Unit Corp. engages in oil and gas exploration, production, contract drilling, and natural gas gathering and processing. It operates through the following segments: Oil and Natural Gas; Contract Drilling; Mid-Stream; and Other. The Oil and Natural Gas segment explores, develops, acquires, and produces oil and natural gas properties. The Contract Drilling segment contracts to drill onshore oil and natural gas wells. The Mid-Stream segment buys, sells, gathers, processes, and treats natural gas. The company was founded by James Donald Bodard and King P. Kirchner in 1963 and is headquartered in Tulsa, OK.

Cypress Environmental Partners LP Power & Utilities | Tulsa, OK

Cypress Environmental Partners LP engages in the provision of essential midstream services. The firm's services include pipeline inspection, integrity and hydrostatic testing services to energy companies and vendors. It operates through the following segments: Pipeline Inspection, Pipeline & Process and Water & Environmental Services. The Pipeline Inspection Services segment provides inspection and integrity services on a variety of infrastructure assets, including midstream pipelines, gathering systems and distribution systems. The Pipeline & Process Services segment provides midstream services including hydrostatic testing services and chemical cleaning related to newly-constructed and existing pipelines and related infrastructure. The Water & Environmental Services segment owns and operates Environmental Protection Agency Class II saltwater disposal facilities in the Williston Basin region of North Dakota. The company was founded by Peter C. Boylan III and Charles C. Stephenson Jr. in March 2012 and is headquartered in Tulsa, OK.

Team, Inc. Engineering, Construction & Architecture | Sugar Land, TX

Team, Inc. engages in the provision of digitally-enabled asset performance assurance and optimization solutions. It operates through the following segments: Inspection and Heat Treating (IHT), Mechanical Services (MS), and Quest Integrity. The Inspection and Heat Treating segment offers conventional and advanced non-destructive testing (NDT) heat treating and thermal services, tank management, and pipeline integrity solutions, as well as associated engineering and condition assessment services. The Mechanical Services segment covers machining, bolting, and vapor barrier weld testing, hot tap and line intervention, valve management solutions, and emission control services. The Quest Integrity segment focuses on integrity and reliability management solutions for the process, pipeline, and power sectors. The company was founded in 1973 and is headquartered in Sugar Land, TX.

Awards & Honors
Rank #348
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #348
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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