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Oneok Partners, L.P.

5/24/2013, 5:42 PM ET

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Wednesday, May 22, 4:35 PM ONEOK (OKE) confirms comments from today's annual meeting, where it said it expects to increase its dividend by 55%-65% between 2012 and 2015, driven primarily by incremental earnings and cash flow to ONEOK from growth at ONEOK Partners (OKS). Comment! [Energy]
Wednesday, May 15, 4:53 PM Ned Davis Research finds MLPs in a familiar bind: They look rich by historical standards but not relative to income investing alternatives. Judging MLPs just by distributable cash flow, their 6.85% average DCF yield is well below their long-term 9.2% median, which would make MLPs “dramatically overvalued." NDR's favorites on a pullback: ETP, OKS, EEP, EPB, ACMP. 9 Comments [Energy, Quick Ideas]
Friday, May 3, 12:55 PM ONEOK Partners (OKS +2.7%) is downgraded to Neutral at Global Hunter after disappointing Q1 results. Management reiterated 2013 guidance despite the miss, but the firm sees further risk given its view that base business fundamentals are not likely to recover this year; OKS likely faces a continued adjustment to its lower distribution growth outlook in the face of weak NGL fundamentals. Comment! [Energy, Quick Ideas, On the Move]
Tuesday, April 30, 4:38 PM ONEOK Partners (OKS): Q1 EPS of $0.42 may not be comparable to consensus $0.59. Reaffirms 2013 net income guidance range of $790M-$870M and distributable cash flow range of $910M-$1B. Shares +0.5% AH. (PR) 1 Comment [Earnings, Energy, Breaking News]
Tuesday, April 30, 12:10 AM Notable earnings after Tuesday’s close: ACAS, AFFX, AJG, AMRS, APU, ATLS, AUY, AVB, BCOV, BGC, BLMN, BXP, CAVM, CLD, CRAY, DDR, DENN, DGI, DWA, EEP, EIX, ELGX, ELLI, ENTR, EQR, EZPW, FEIC, FIRE, FISV, FLEX, FMC, FTNT, GDOT, GEVO, GNW, HCBK, HT, HTCH, IACI, INT, JIVE, JLL, JMBA, LEAP, MDU, MERU, MRGE, MSPD, MTW, MWA, MX, NANO, NCR, NUVA, OKE, OKS, PRAA, PRXL, QCOR, QEP, REXX, RGC, RPXC, SGI, SHOR, SIMG, SKT, SM, SONS, STR, SWI, TE, TRMB, TRN, UGI, ULTI, UNTD, UNXL, VNR, VRSK, VRTX, WNC, WRI, WU, XCO Comment! [Earnings]
Monday, April 29, 5:35 PM Notable earnings after Tuesday’s close: ACAS, AFFX, AJG, AMRS, APU, ATLS, AUY, AVB, BCOV, BGC, BLMN, BXP, CAVM, CLD, CRAY, DDR, DENN, DGI, DWA, EEP, EIX, ELGX, ELLI, ENTR, EQR, EZPW, FEIC, FIRE, FISV, FLEX, FMC, FTNT, GDOT, GEVO, GNW, HCBK, HT, HTCH, IACI, INT, JIVE, JLL, JMBA, LEAP, MDU, MERU, MRGE, MSPD, MTW, MWA, MX, NANO, NCR, NUVA, OKE, OKS, PRAA, PRXL, QCOR, QEP, REXX, RGC, RPXC, SGI, SHOR, SIMG, SKT, SM, SONS, STR, SWI, TE, TRMB, TRN, UGI, ULTI, UNTD, UNXL, VNR, VRSK, VRTX, WNC, WRI, WU, XCO 2 Comments [Earnings]
Wednesday, April 10, 11:19 AM ONEOK Partners (OKS -1.7%) is cut to Sell at Goldman Sachs, which believes natural gas price and spread headwinds will weigh on earnings in its gathering and processing and natural liquids segments, driving distribution growth below the group average vs. a recent history of above-average growth. The firm also sees risk of further equity dilution given OKS's large capex program and high leverage. Comment! [Energy, Quick Ideas, On the Move]
Tuesday, February 26, 12:21 PM ONEOK Partners (OKS -4.4%) drops sharply after Credit Suisse downgrades OKS to Neutral and cut its target price to $58 from $67. OKS will have $4B-plus of fee-based projects placed in service over the next three years, but CS says it is a victim of weak natural gas liquids prices and collapsing spreads, undercutting prospects. Distribution growth/unit was cut by 850bp, to 2.8%, for 2013. 2 Comments [Energy, Quick Ideas, On the Move]
Monday, February 25, 5:36 PM More on Q4 results (I, II) from ONEOK Partners (OKS) and ONEOK (OKE): OKS reduces its 2013 net income guidance to $790M-$870M vs. prior guidance of $935M-$1.015B. Distributable cash flow seen at $910B-$1B vs. prior $1.05B-$1.14B. Accordingly, OKE lowers its 2013 net income guidance to $350M-$400M vs. prior $405-$455M. Comment! [Energy, Earnings]
Monday, February 25, 4:08 PM ONEOK Partners (OKS): Q4 EPS of $0.66 beats by $0.04. Shares -0.5% AH. (PR) Comment! [Earnings, Breaking News]
Monday, February 25, 12:10 AM Notable earnings after Monday’s close: ADSK, CZR, HALO, HCN, IPXL, LGCY, MELI, MR, OAS, OKE, OKS, SGY, TWI, URS, VVUS Comment! [Earnings]
Sunday, February 24, 5:35 PM Notable earnings after Monday’s close: ADSK, CZR, HALO, HCN, IPXL, LGCY, MELI, MR, OAS, OKE, OKS, SGY, TWI, URS, VVUS Comment! [Earnings]
Thursday, January 17, 4:58 PM ONEOK Partners (OKS) plans to invest up to $500M for new growth projects, including construction of a 100 MMcf/day natural gas processing facility in North Dakota, a 95-mile natural gas liquids pipeline between existing infrastructure in Kansas and Oklahoma, and modification of infrastructure to accommodate lighter, unfractionated NGLs from the Williston Basin. Comment! [Energy]
Friday, January 11, 9:06 AM Oneok Partners (OKS) will offer up to $300M of its common units representing limited partner interests and plans to use proceeds for general partnership purposes that might include debt repayment. Comment! [Energy]
Friday, December 21, 2012, 10:06 AM Oneok (OKE -1.2%) and its gas-gathering and transportation affiliate Oneok Partners (OKS +0.1%) unveil plans to reorganize leadership along the lines of their commercial and operations activities, leading to a flurry of executive shifts that take effect Jan. 1. Comment! [Energy]
Thursday, November 29, 2012, 2:05 PM Oneok (OKS -0.6%) appeared to have cancelled its Bakken Oil Express plans Tuesday, citing insufficient shipper interest, but CEO John Gibson refers to the 200K bbl/day pipeline project as "postponed," saying shippers were not interested in sending oil to the Cushing, Okla., storage hub. Gibson implies the project could be revived if producers can agree on a new destination point. 1 Comment [Energy]