ONEOK, Inc. (NYSE: OKE) has announced that it will be holding its 2024 annual meeting of shareholders on May 22, 2024, as a virtual meeting only, with the record date set for March 25, 2024. Shareholders will be able to access the meeting through a live webcast, and registration will open on April 3, 2024.
As a leading midstream operator, ONEOK provides crucial energy services through its extensive pipeline network, spanning over 50,000 miles. The company is involved in gathering, processing, fractionation, transportation, and storage services for natural gas, natural gas liquids (NGLs), refined products, and crude oil.
Notably, ONEOK is one of the largest diversified energy infrastructure companies in North America, and it plays a pivotal role in meeting domestic and international energy demand, contributing to energy security, and delivering safe, reliable, and responsible energy solutions.
As of the latest annual meeting announcement, there are no specific financial or operational metrics provided. However, it's worth noting that at the end of the previous fiscal year, ONEOK reported a total revenue of $12.59 billion, representing a 7.8% increase from the prior year. Additionally, the company's net income for the same period stood at $1.11 billion, reflecting a significant 37.5% growth compared to the previous year.
Furthermore, ONEOK's operating cash flow at the end of the previous period was reported at $2.65 billion, indicating a substantial rise of 19.1% from the preceding year. The company's total assets also experienced a notable increase, reaching $32.14 billion, up by 6.2% from the previous year.
In terms of shareholder returns, ONEOK's earnings per share (EPS) for the last fiscal year amounted to $2.61, demonstrating an impressive 37.2% surge from the previous year. The company also distributed dividends of $3.74 per share, marking a remarkable 8.1% increase compared to the prior year.
For more information, read the company's full 8-K submission here.
