Oneok, Inc. · NYSE:OKE

Oneok — Q4 2016 Earnings Presentation

9 slides from Oneok's earnings presentation, Feb 27, 2017

  1. Slide 1: ONEOK Acquisition of ONEOK Partners Transaction Summary; Fourth-Quarter and Full-Year 2016 Update

    ONEOK ACQUISITION OF ONEOK PARTNERS TRANSACTION SUMMARY; FOURTH-QUARTER AND FULL-YEAR 2016 UPDATE Feb. 27, 2017

  2. Slide 2: Forward-Looking Statements

    FORWARD-LOOKING STATEMENTS This presentation contains certain "forward-looking statements" within the meaning of federal securities laws and covered by the safe harbor protections. Words such as "anticipates", "believes," "expects", "intends", "plans", "projects", "will", "would", "should", "may", a

  3. Slide 3: Forward-Looking Statements (Cont'd)

    FORWARD-LOOKING STATEMENTS (CONT’D) – the mechanical integrity of facilities operated; – demand for our services in the proximity of our facilities; – our ability to control operating costs; – acts of nature, sabotage, terrorism or other similar acts that cause damage to our facilities or our suppli

  4. Slide 4: Index

    INDEX ONEOK-ONEOK Partners Transaction Summary 5 2016 Volume Updates 7 Fourth-quarter vs. Third-quarter 2016 Segment Variances 8

  5. Slide 5: Transaction Summary

    TRANSACTION SUMMARY CREATES $30 BILLION ENTERPRISE VALUE COMPANY; LOWERS COST OF FUNDING • On Feb. 1, 2017, ONEOK and ONEOK Partners announced a definitive agreement under which ONEOK will acquire all of the outstanding common units of ONEOK Partners it does not already own for $9.3 billion in ONEOK

  6. Slide 6: Compelling Long-Term Value for OKE Shareholders & OKS Unitholders

    COMPELLING LONG-TERM VALUE FOR OKE SHAREHOLDERS & OKS UNITHOLDERS • Expected dividend increase of 21 percent to $0.745, or $2.98 per share on an annualized Significant upfront basis, with expected subsequent dividend growth of 9 to 11 percent annually through 2021 dividend increase • 22.4 percent pr

  7. Slide 7: 2016 Volume Updates: Natural Gas Liquids and Natural Gas Gathering and Processing

    2016 VOLUME UPDATES NATURAL GAS LIQUIDS AND NATURAL GAS GATHERING AND PROCESSING Natural Gas Liquids Natural Gas Gathering and Processing • Connected six plants in 2016 • Connected nearly 340 wells in the 760-850 • Full-year 2016 fractionation volumes Williston Basin in 2016 averaged 586 MBbl/d – Ap

  8. Slide 8: Business Segment Performance: Q4 2016 vs. Q3 2016 Variances

    BUSINESS SEGMENT PERFORMANCE Q4 2016 vs. Q3 2016 VARIANCES • Natural gas liquids earnings decreased – $16.8 million decrease in optimization and marketing activities due primarily to narrower marketing product and location price differentials – $11.1 million decrease due to higher operating costs pr

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ONEOK — Q4 2016 Earnings Presentation on 6ix