ONEOK said it announced the closing of the ONEOK Holdings Transaction on September 10, 2026. It said Apollo contributed $9 billion in cash to ONEOK Holdings in exchange for Class B Units. The capped return on the Class B Units is 7.01% for the first 9 years.

1. 01

   ONEOK said it announced the closing of the ONEOK Holdings Transaction on September 10, 2026. It said Apollo contributed $9 billion in cash to ONEOK Holdings in exchange for Class B Units. The capped return on the Class B Units is 7.01% for the first 9 years.

2. 02

   The company said it used $5 billion of the transaction proceeds to repay existing debt. It said it redeemed the $1.2 billion term loan in September 2026 and repurchased senior notes with $2.5 billion in principal amount through a tender offer for total consideration of $2.0 billion.

3. 03

   ONEOK said it completed the Brazos Midland Acquisition on October 6, 2026. It said total cash consideration was approximately $4.6 billion, including the announced purchase price of $4.425 billion and approximately $135 million of closing adjustments.

4. 04

   ONEOK said earnings increased in Q3 2026 compared with Q3 2025. It cited higher NGL, Refined Products and natural gas volumes and higher optimization and marketing activity as the factors.

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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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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