ONEOK - M&A Summary and Business Overview

Energy Services And EquipmentCompany

ONEOK M&A Summary

ONEOK has acquired 4 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms.

ONEOK’s largest acquisition to date was in 2023, when it acquired Magellan Midstream Partners for $18.8B. ONEOK has acquired in 2 different US states. The Company’s most targeted sectors include energy services and equipment (75%) and oil/gas exploration (25%).

ONEOK Business Overview

Where is ONEOK headquartered?

ONEOK is headquartered in Tulsa, Oklahoma.

What is ONEOK’s revenue?

ONEOK disclosed revenue of 17,677M USD for 2023 and 22,387M USD for 2022.

How many employees does ONEOK have?

ONEOK has 4,775 employees.

What sector is ONEOK in?

ONEOK is an energy services and equipment company.

When was ONEOK founded?

ONEOK was founded in 1906.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 5

ONEOK

ONEOK, Inc.

100 West Fifth Street,
Tulsa, Oklahoma 74103
United States,
(918) 588-7000
www.oneok.com

ONEOK gathers, processes, stores, and transports natural gas in the US. The Company also owns one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent and Rocky Mountain regions with a variety of market centers. ONEOK was formed in 1906 and is based in Tulsa, Oklahoma.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 1 - - - 1 2 4
vol $17.2B $18.8B $2.9B $38.9B
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
Medallion Midstream LLC 2024-10-31 2.6B USD Add-on Acquisition
Irving, Texas · www.medallionmidstream.com
Easton Energy - Gulf Coast NGL Pipelines 2024-05-13 280M USD Divestiture
Houston, Texas
Magellan Midstream Partners LP 2023-05-14 18.8B USD Merger
Tulsa, Oklahoma · www.magellanlp.com
ONEOK Partners L.P. 2017-02-01 17.2B USD Merger
Tulsa, Oklahoma · www.oneokpartners.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 3 (75%) 36.3B (93%) - -
Oil/Gas Exploration 1 (25%) 2.6B (7%) - -
Total 4 $38.9B - -

By Geo

State/Country Buy Value Sell Value
United States 4 38.9B - -
  Texas 2 2.9B - -
  Oklahoma 2 36.0B - -
Total 4 $38.9B - -

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
J.P. Morgan Securities
 1
Morgan Stanley
 1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
 1
Kirkland & Ellis
 1

Deal Values

buy # Total
> $1B 3 $38.6B
$100M to $1B 1 $280M
TOTAL $38.9B
Largest Magellan Midstream Partners LP
$18.8B (2023-05-14)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Strategic(s)
25%
1 (25%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

17,677   22% 2023
22,387   36% 2022
16,540   94% 2021
8,542   16% 2020
10,164   20% 2019
12,593   4% 2018
12,174   37% 2017
8,921   15% 2016
7,763   37% 2015
12,195   3% 2014
11,871   17% 2013
10,184   2012
(millions of USD) Show More Show Less

Employees

4,775

Established

1906

Public

NYSE: OKE

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Oklahoma Companies , Energy Services and Equipment Companies , United States Companies , Oklahoma Energy Services and Equipment Companies , Oklahoma Energy Services and Equipment with Acquisitions , Oklahoma Energy Services and Equipment with Divestitures

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