Oneok, Inc. · NYSE:OKE

Oneok — Q3 2017 Earnings Presentation

10 slides from Oneok's earnings presentation, Oct 31, 2017

  1. Slide 1: Third-Quarter 2017 Update

    THIRD-QUARTER 2 0 1 7 U P D AT E Oct. 31, 2017

  2. Slide 2: Forward-Looking Statements

    FO RWARD -LO O KING STATEMENTS Statements contained in this presentation that include company expectations or predictions should be considered forward-looking statements that are covered by the safe harbor protections provided under federal securities legislation and other applicable laws. It is imp

  3. Slide 3: Index

    INDE X WEST TEXAS LPG EXPANSION 4 NATURAL GAS LIQUIDS VOLUME UPDATE 5 NATURAL GAS GATHERING AND PROCESSING 6 VOLUME UPDATE NATURAL GAS PIPELINES 7 THIRD-QUARTER 2017 VS. SECOND-QUARTER 2017 8 SEGMENT VARIANCES ANNOUNCED GROWTH PROJECTS 9 Mont Belvieu I fractionator — Gulf Coast

  4. Slide 4: West Texas LPG Expansion

    WEST TEXAS LPG EXPANSIO N EXTENDING REACH INTO PROLIFIC DELAWARE BASIN ◆ Approximately 120-mile, 16-inch pipeline extension with initial capacity of 110,000 bpd  Supported by long-term dedicated NGL production from two planned third-party natural gas processing plants ◇ Up to 40,000 bpd NGL product

  5. Slide 5: Natural Gas Liquids Volume Update

    NATURAL G AS LIQ UIDS VOLUME UPDATE ◆ Processing plant connections: six in 2017, including one in the third G a t h e r e d Vo l u m e ( M B b l / d ) quarter (Permian Basin) ◆ Third-quarter 2017 ethane rejection averaged more than 150,000 bpd  Relatively unchanged from the second quarter 2017 desp

  6. Slide 6: Natural Gas Gathering and Processing Volume Update

    NATURAL G AS G ATHERING AND PRO CESSING VOLUME UPDATE G a t h e r e d Vo l u m e s ( M M c f / d ) Williston Basin 1,524 1,561 1,575 – 1,680 ◆ 130 well connects completed in the third quarter 2017; 313 through the first nine months 1,404 of 2017 781 775-850 862  Approximately 400 expected in 2017 9

  7. Slide 7: Natural Gas Pipelines

    NATURAL G AS PIPELINES WELL-POSITIONED AND MARKET-CONNECTED N a t u r a l G a s Tr a n s p o r t a t i o n Capacity Contracted (MDth/d) ◆ Expect more than 95 percent fee-based earnings in 2017, and:  Approximately 93 percent of transportation capacity contracted  More than 60 percent of natural ga

  8. Slide 8: Business Segment Performance

    BUSINESS SEG MENT PERFO RMANCE Q3 2017 VS. Q2 2017 VARIANCES ◆ Natural gas liquids increased  $10.7 million increase in optimization and marketing due primarily to wider product price differentials, offset partially by a decrease in optimization volumes.  $6.0 million increase in exchange services

  9. Slide 9: Announced Growth Projects

    ANNO UNCED G RO WTH PRO JECTS SINCE JUNE 2017 CapEx Expected Project Scope ($ in millions) Completion • Additional 200 MMcf/d processing capacity through long- Additional STACK processing term processing services agreement with third party $40 Q4 2017 capacity • 30-mile natural gas gathering pipelin

  10. Slide 10: Bear Creek plant — Williston Basin

    Bear Creek plant — Williston Basin

ONEOK — Q3 2017 Earnings Presentation on 6ix