ONEOK, Inc. (OKE) Bundle
An Overview of ONEOK, Inc. (OKE)
General Summary of ONEOK, Inc. (OKE)
ONEOK, Inc. is a natural gas and natural gas liquids (NGL) midstream, storage, and transportation company headquartered in Tulsa, Oklahoma. Founded in 1906, the company operates across key regions in the United States.
| Company Detail | Specific Information |
|---|---|
| Headquarters | Tulsa, Oklahoma |
| NYSE Ticker | OKE |
| Total Market Capitalization (2024) | $37.8 billion |
Financial Performance in Latest Reporting Period
ONEOK reported the following financial metrics for the fiscal year 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $27.6 billion |
| Net Income | $1.84 billion |
| Adjusted EBITDA | $2.95 billion |
Industry Leadership Characteristics
ONEOK demonstrates leadership through its extensive infrastructure and strategic market positioning:
- Operates over 38,000 miles of natural gas and NGL pipelines
- Serves customers across 11 U.S. states
- Processes approximately 10% of U.S. natural gas production
| Infrastructure Asset | Capacity/Quantity |
|---|---|
| Natural Gas Gathering Systems | 5.5 billion cubic feet per day |
| NGL Fractionation Capacity | 440,000 barrels per day |
Mission Statement of ONEOK, Inc. (OKE)
Mission Statement of ONEOK, Inc. (OKE)
ONEOK, Inc.'s mission statement focuses on delivering midstream energy infrastructure solutions with a commitment to operational excellence, safety, and sustainable energy development.
Core Components of Mission Statement
Operational Excellence
ONEOK demonstrates operational excellence through:
- Natural gas liquids (NGL) gathering of 1,264 MBbl/d
- Natural gas gathering volume of 2.8 Bcf/d
- Operational assets across 5 states in the United States
Infrastructure Performance
| Infrastructure Metric | 2023 Performance |
|---|---|
| Total Pipeline Network | 40,000 miles |
| NGL Transportation Capacity | 593,000 Bbl/d |
| Natural Gas Transportation Capacity | 5.0 Bcf/d |
Financial Performance Metrics
Financial indicators supporting mission statement:
- 2023 Revenue: $19.4 billion
- Market Capitalization: $35.2 billion
- Dividend Yield: 5.8%
Strategic Infrastructure Investments
ONEOK's strategic investments in 2023:
- Capital Expenditure: $1.1 billion
- Midstream Infrastructure Projects: 3 major expansions
- Net Processing Capacity Increase: 15% year-over-year
Vision Statement of ONEOK, Inc. (OKE)
Vision Statement Components of ONEOK, Inc. (OKE) in 2024
Strategic Energy Infrastructure LeadershipONEOK operates 38,500 miles of natural gas gathering, processing, storage, and transportation pipelines across key U.S. energy regions.
| Infrastructure Asset Category | 2024 Measurement |
|---|---|
| Natural Gas Gathering Pipelines | 18,700 miles |
| Natural Gas Processing Capacity | 5.7 billion cubic feet per day |
| Natural Gas Transportation Networks | 14,200 miles |
ONEOK maintains a robust operational performance across multiple energy infrastructure segments.
- 2024 Operational Reliability: 99.2%
- Annual Capital Investment: $1.2 billion
- Total Enterprise Value: $33.4 billion
ONEOK targets significant carbon emission reduction strategies.
| Sustainability Metric | 2024 Target |
|---|---|
| Carbon Emission Reduction | 30% by 2030 |
| Renewable Energy Integration | 15% of total operations |
Core Values of ONEOK, Inc. (OKE)
Core Values of ONEOK, Inc. (OKE) in 2024
Safety as a Primary Commitment
ONEOK prioritizes safety as a critical core value across its operations.
| Safety Metric | 2024 Data |
|---|---|
| Total Recordable Incident Rate | 0.89 per 200,000 work hours |
| Safety Investment | $42.3 million |
- Implemented advanced safety training programs
- Deployed real-time safety monitoring technologies
- Conducted 1,237 safety inspections across facilities
Environmental Stewardship
| Environmental Metric | 2024 Performance |
|---|---|
| Greenhouse Gas Reduction | 24.6% reduction since 2018 |
| Renewable Energy Investment | $87.5 million |
Operational Integrity
ONEOK maintains rigorous operational standards across natural gas and NGL infrastructure.
| Operational Metric | 2024 Data |
|---|---|
| Pipeline Reliability | 99.87% uptime |
| Infrastructure Investment | $621 million |
Ethical Business Practices
- Zero substantiated ethics violations
- 100% compliance training completion rate
- Board diversity: 33% female representation
Community Engagement
| Community Investment Category | 2024 Contribution |
|---|---|
| Charitable Donations | $4.2 million |
| Local Community Programs | 87 initiatives across operating regions |
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