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ONEOK INC /NEW/ 8-K Report, Regulation FD Disclosure (Jun 4, 2025)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed June 4, 2025
Period End
June 3, 2025
Security
OKE
In the record · 2016–202610-K1110-Q328-K365

OKE filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 365 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Jul ’17Jul ’17
  2. Leadership change8-K · Feb ’19Feb ’19
  3. Material agreement8-K · Jun ’22Jun ’22
  4. Material agreement8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed June 4, 2025. Cited figures are marked; the original filing is the authoritative source.

ONEOK Inc. (OKE) announced a significant transaction on June 3, 2025, through a Regulation FD disclosure, detailing the acquisition of the remaining 49.9%a interest in its joint venture, Delaware G&P LLC.

This move consolidates full ownership of the Delaware Basin natural gas gathering and processing assets under ONEOK. The acquisition was made from NGP XI Midstream Holdings, L.L.C. for a total consideration of $940 millionb.

The payment structure involves a combination of cash ($530 millionc) and ONEOK common stock ($410 million), indicating a balanced approach to funding the transaction and aligning incentives for the seller. This acquisition is expected to enhance ONEOK's midstream infrastructure and operational control in a key production region.

02—Key points

Key Highlights

  1. ONEOK acquired the remaining 49.9% interest in Delaware G&P LLC.
  2. The total purchase price for the acquisition is $940 million.
  3. The transaction was funded through a combination of $530 million in cash and $410 million in ONEOK common stock.
  4. This acquisition consolidates full ownership of Delaware G&P LLC under ONEOK.
  5. The deal was disclosed on June 3, 2025, via a Regulation FD announcement.
  6. A news release dated June 3, 2025, provides further details on the acquisition.

03—Questions

Frequently Asked Questions

  1. What was the main event disclosed in this 8-K filing?

    The main event is ONEOK Inc.'s acquisition of the remaining 49.9% interest in its joint venture, Delaware G&P LLC, from NGP XI Midstream Holdings, L.L.C.

  2. How much did ONEOK pay for the remaining stake in Delaware G&P LLC?

    ONEOK paid a total of $940 million for the acquisition.

  3. What was the breakdown of the payment for this acquisition?

    The $940 million payment was split into $530 million in cash and $410 million in ONEOK's common stock.

  4. What is the strategic implication of this acquisition for ONEOK?

    This acquisition allows ONEOK to consolidate full ownership of its Delaware Basin natural gas gathering and processing assets, likely enhancing operational control and strategic flexibility in a significant production area.

04—Continue

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