Summary
This 8-K filing from ONEOK INC /NEW/ (OKE) dated April 23, 2012, primarily serves to disclose information previously released through press statements on April 18th and 19th, 2012, regarding corporate actions and upcoming events. Key information includes the declaration of a cash dividend for ONEOK, Inc. common stock and a cash distribution for ONEOK Partners, L.P. units for the first quarter of 2012. Investors should note the dividend payment dates and record dates for both entities. Furthermore, the filing announces the upcoming release of first-quarter 2012 earnings for both ONEOK, Inc. and ONEOK Partners, L.P. on May 1, 2012, with a joint conference call scheduled for May 2, 2012. A significant capital investment by ONEOK Partners, L.P. is also disclosed, involving approximately $340 million to $360 million for a new natural gas processing plant and related infrastructure in Oklahoma. The filing also clarifies ONEOK's ownership stake in ONEOK Partners, L.P.
Key Highlights
- 1ONEOK, Inc. declared a first-quarter 2012 cash dividend of $0.61 per common share, payable May 15, 2012.
- 2ONEOK Partners, L.P. declared a first-quarter 2012 cash distribution of $0.635 per unit, payable May 15, 2012.
- 3Both ONEOK, Inc. and ONEOK Partners, L.P. will release their first-quarter 2012 earnings after market close on May 1, 2012.
- 4A joint conference call and webcast to discuss first-quarter 2012 results will be held on May 2, 2012.
- 5ONEOK Partners, L.P. plans a capital investment of $340 million to $360 million for a new natural gas processing plant in Oklahoma.
- 6ONEOK, Inc. holds a 43.4% ownership interest in ONEOK Partners, L.P., including general partner interest and incentive distribution rights.