ONEOK, Inc.

ONEOK Inc. is a leading midstream service provider that delivers energy products and services. The company specializes in gathering, processing, fractionation, transportation, storage, and marine export services. As one of the largest integrated energy infrastructure companies in North America, ONEOK operates an approximately 60,000-mile pipeline network. This network is used to transport natural gas, Natural Gas Liquids (NGLs), Refined Products, and crude oil. Pipelines are generally utilized for intermediate and long-haul movements of these materials between markets and end users. On January 31, 2025, ONEOK completed the EnLink Acquisition, making EnLink a wholly owned subsidiary. In this acquisition, each publicly held common unit of EnLink was exchanged for a fixed ratio of 0.1412 shares of ONEOK common stock. This included EnLink Units exchanged for all previously outstanding Series B Preferred Units immediately prior to closing. ONEOK issued 41 million shares of common stock with a fair value of $4.0 billion as of the closing date of the EnLink Acquisition.