ONEOK, Inc. is a leading midstream service provider in North America, focusing on gathering, processing, fractionation, transportation, storage, and marine export services for natural gas, NGLs, refined products, and crude oil. The company operates a large pipeline network of over 50,000 miles, connecting key supply areas and demand centers. ONEOK aims to deliver safe, reliable, and responsible energy solutions.

• Employees: 4,775 (as of December 31, 2023)
• Geographic Footprint: Primarily in the U.S.
• Headquarters: Tulsa, Oklahoma
• Founded: Not explicitly stated in filing
• Number of locations/facilities: Not explicitly stated in filing
• Revenue: $17.7 billion (FY2023)
• Market Capitalization: $27.4 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Magellan Midstream Partners (wholly owned), Guardian Pipeline, Viking Gas Transmission Company

• CEO: Pierce H. Norton II
• CFO: Walter S. Hulse III
• Board Chair: Julie H. Edwards
• Other Key Executives: Kevin L. Burdick (Executive Vice President and Chief Enterprise Services Officer), Sheridan C. Swords (Executive Vice President, Commercial Liquids and Gathering and Processing), Lyndon C. Taylor (Executive Vice President, Chief Legal Officer and Assistant Secretary), Charles M. Kelley (Senior Vice President, Natural Gas Pipelines), Mary M. Spears (Senior Vice President and Chief Accounting Officer, Finance and Tax), Scott D. Schingen (Senior Vice President, Natural Gas Liquids and Natural Gas Operations), James R. Hoskin (Senior Vice President, Refined Products and Crude Operations)

Key leaders have extensive experience in the energy industry. Specific tenure information is not provided in the filing.

• Annual Revenue: $17.7 billion (FY2023)
• Net Income: $2.7 billion (FY2023)
• Market Cap: $27.4 billion (as of June 30, 2023)
• Total Assets: $44.3 billion (as of December 31, 2023)
• Number of Employees: 4,775 (as of December 31, 2023)
• Key Financial Highlights: Increased volumes across the system, with more than 85% of earnings fee-based. One-time settlement gain of $779 million from the Medford incident.

ONEOK's main product and service categories include:

• Natural Gas Gathering and Processing: Gathering, treating, compressing, and processing of raw natural gas, removing NGLs.
• Natural Gas Liquids: Gathering, transporting, treating, fractionating, and storing NGLs.
• Natural Gas Pipelines: Transporting and storing residue natural gas for end-users.
• Refined Products and Crude: Transporting, storing and distributing refined products and crude oil.

ONEOK operates through four main business segments:

• Natural Gas Gathering and Processing: Focuses on gathering and processing raw natural gas in the Rocky Mountain and Mid-Continent regions.
• Natural Gas Liquids: Provides midstream services for NGLs, with facilities primarily in Oklahoma, Kansas, Texas, New Mexico, and the Rocky Mountain region.
• Natural Gas Pipelines: Transports and stores residue natural gas, serving key supply areas and demand centers.
• Refined Products and Crude: Transports, stores, and distributes refined products and crude oil, primarily in the central and western United States.

ONEOK's business strategy is focused on:

• Zero Incidents: Committing to a zero-incident culture for employees, contractors, and communities.
• Highly Engaged Workforce: Striving to be an employer of choice, attracting, selecting, and retaining talent.
• Sustainable Business Model: Maintaining financial strength and flexibility while operating a safe and reliable asset base.
• Maximizing Total Shareholder Return: Growing earnings through high-return capital projects, increasing dividends, and repurchasing shares.
• Focus on capital projects that provide value-added products and services, contributing to long-term growth and business diversification.
• Actively researching opportunities that complement existing assets and expertise, strengthening the role in the transformation to a lower-carbon economy.

ONEOK operates in the midstream energy sector, which is characterized by:

• Primary Industry: Midstream energy infrastructure.
• Market Trends: Increased producer activity in key shale basins, growing demand for NGLs and refined products, and focus on energy security.
• Key Competitors: Other midstream companies, major integrated oil companies, and independent exploration and production companies with similar assets.
• Market Position: ONEOK is one of the largest diversified energy infrastructure companies in North America.

• Market Risks: Volatility in commodity prices, changes in supply and demand, and economic conditions could affect revenue and profitability.
• Operational Risks: Operational hazards, unforeseen interruptions, and reliance on third-party infrastructure could disrupt operations.
• Financial Risks: Indebtedness, interest rate fluctuations, and credit rating downgrades could impact the company's financial condition.
• Regulatory Risks: Changes in environmental, safety, and pipeline regulations could increase compliance costs and limit operational flexibility.
• Cybersecurity Risks: Potential cyberattacks could disrupt operations, compromise data, and result in financial losses.