ONEOK, Inc. is a leading energy company based in Tulsa, Oklahoma. With a strong focus on natural gas and natural gas liquids, the company operates in three main business segments: Natural Gas Liquids, Natural Gas Gathering and Processing, and Natural Gas Pipelines. ONEOK's commitment to growth is evident through its history of strategic investments and acquisitions, allowing them to provide essential products and services to meet the increasing demand in the market. With a dedication to safety, reliability, and sustainability, ONEOK continues to drive earnings growth and deliver value to its shareholders.
Driven by fee-based earnings, producer activity, and favorable commodity prices, ONEOK expects a more than 10% increase in net income and adjusted EBITDA in 2023 compared to its 2022 guidance midpoints. The company's strong financial performance in the third quarter of 2022, including a 10% increase in net income and a 4% increase in adjusted EBITDA, reflects the market's demand for their products and services. With an unwavering focus on intentional and disciplined growth, ONEOK remains committed to providing reliable and sustainable energy solutions while ensuring the safety and integrity of its operations.
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