The company said it closed the sale of its 3 wholly owned interstate natural gas pipeline systems to DT Midstream, Inc. on December 31, 2024. The sale took effect at 11:59 p.m. Central time on December 31, 2024.

8-KRegulation FD DisclosureFiled Jan 3, 2025Period of report Dec 31, 2024Summary published (UTC) Oct 17, 2026

Key points

AI summary

The company said it closed the sale of its 3 wholly owned interstate natural gas pipeline systems to DT Midstream, Inc. on December 31, 2024. The sale took effect at 11:59 p.m. Central time on December 31, 2024.
The company said the total cash consideration for the sale is $1.2 billion, subject to customary adjustments.
The company said the 3 interstate natural gas pipeline systems being sold are Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission. It said employees will transition to DT Midstream, where they will help establish the company's new Tulsa office.
ONEOK said it expects the net proceeds from the sale to enhance its financial flexibility. The company said this will help it progress toward its leverage target of 3.5 times set in 2026.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

3 Interstate Natural Gas Pipelines Sold

The company said it closed the sale of its 3 wholly owned interstate natural gas pipeline systems to DT Midstream, Inc. on December 31, 2024. The sale took effect at 11:59 p.m. Central time on December 31, 2024.

Source · Based on the filing body and exhibits

$1.2 billion Cash Consideration, Subject to Customary Adjustments

The company said the total cash consideration for the sale is $1.2 billion, subject to customary adjustments.

Source · Based on the filing body and exhibits

Pipelines Sold: Guardian, Midwestern, Viking

The company said the 3 interstate natural gas pipeline systems being sold are Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission. It said employees will transition to DT Midstream, where they will help establish the company's new Tulsa office.

Source · Based on the filing body and exhibits

Net Proceeds and Leverage Target

ONEOK said it expects the net proceeds from the sale to enhance its financial flexibility. The company said this will help it progress toward its leverage target of 3.5 times set in 2026.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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