ONEOK Completes Acquisition, Sees Financial Metrics Surge

By Tamara Parker • Saturday, February 01 10:20 • Permanent Link

Oneok, Inc. has announced the completion of its acquisition of Enlink Midstream, LLC. The acquisition has led to significant changes in the company's metrics.

Oneok's total assets have increased from $29.64 billion in the previous period to $35.72 billion. Additionally, their total liabilities have risen from $13.58 billion to $20.21 billion.

In terms of financial performance, Oneok's revenue has shown a notable increase, rising from $10.3 billion to $12.8 billion. Their net income has also seen a substantial growth, climbing from $1.2 billion to $1.6 billion.

The acquisition has had an impact on the company's equity, with total equity decreasing from $16.06 billion to $15.51 billion.

Furthermore, the company's operating cash flow has experienced a significant surge, jumping from $2.5 billion to $3.2 billion.

The completion of the acquisition has also affected the company's stock performance. Oneok's stock price has shown a change, moving from $52.30 per share to $58.75 per share.

Today the company's shares have moved -2.7% to a price of $97.17. For the full picture, make sure to review ONEOK's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.