ONEOK completed a $4.425 billion acquisition of Brazos Midstream's natural gas assets, doubling its processing capacity in the Permian Midland Basin to about 2.3 billion cubic feet per day. The deal secures 600,000 acres under long-term contracts, strengthening ONEOK's position in a key energy region. The company also maintained its quarterly dividend at $1.07 per share, signaling dividend stability to investors. Scotiabank rates ONEOK as "Sector Perform," expecting the stock to track with the energy sector overall.
ONEOK's market capitalization stands at $57.98 billion as of Oct 15, 2026, 22:42 WIB, reflecting its significant scale in the energy sector. The stock trades at $91.80 with a dividend yield of 4.65%, underscoring its appeal for income-focused investors. Despite a slight 0.18% dip in price on the day, the company's stable dividend and expanded Permian capacity support its sector positioning.
