Market Summary
USD60.95-0.90
Delayedas of 03 Oct 2023, 10:36 am-1.46%
OKE Alerts
OKE Stock Price
OKE RSI Chart
OKE Valuation
OKE Price/Sales (Trailing)
OKE Profitability
OKE Fundamentals
OKE Revenue
OKE Earnings
Price Action
52 Week Range
51.6571.57
(Low)(High)
Last 7 days
-7.0%
Last 30 days
-5.6%
Last 90 days
-0.9%
Trailing 12 Months
22.6%
OKE Financial Health
OKE Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for OKE
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-12 | Hogan Janet L. | acquired | 440,490 | 66.32 | 6,641 | senior vice president hr |
2023-09-12 | Hogan Janet L. | sold (taxes) | -141,453 | 66.32 | -2,132 | senior vice president hr |
2023-06-29 | NORTON PIERCE | bought | 1,500,020 | 60.959 | 24,607 | president & ceo |
2023-06-28 | NORTON PIERCE | acquired | 813,389 | 60.52 | 13,440 | president & ceo |
2023-06-28 | DERKSEN BRIAN L | bought | 291,989 | 59.5895 | 4,900 | - |
2023-06-28 | NORTON PIERCE | sold (taxes) | -358,702 | 60.52 | -5,927 | president & ceo |
2023-05-24 | RODRIGUEZ EDUARDO A | acquired | 119,948 | 58.54 | 2,049 | - |
2023-05-24 | EDWARDS JULIE H | acquired | 149,979 | 58.54 | 2,562 | - |
2023-05-24 | LARSON RANDALL J | acquired | 149,979 | 58.54 | 2,562 | - |
2023-05-24 | MALCOLM STEVEN J | acquired | 149,979 | 58.54 | 2,562 | - |
Which funds bought or sold OKE recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-26 | BROOKFIELD Corp /ON/ | reduced | -57.77 | -11,274,800 | 7,840,780 | 0.03% |
2023-09-21 | Baystate Wealth Management LLC | new | - | 34,687 | 34,687 | -% |
2023-09-20 | BARCLAYS PLC | reduced | -53.61 | -59,515,000 | 48,811,000 | 0.03% |
2023-09-13 | CGC Financial Services, LLC | new | - | 18,763 | 18,763 | 0.01% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -61.98 | -87,998 | 51,536 | 0.01% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | sold off | -100 | -15,885 | - | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 2,777 | 2,777 | -% |
2023-09-07 | Strategic Financial Concepts, LLC | reduced | -18.4 | -195,662 | 747,975 | 0.28% |
2023-09-07 | JAG CAPITAL MANAGEMENT, LLC | unchanged | - | -22,228 | 753,786 | 0.09% |
2023-09-01 | Portside Wealth Group, LLC | new | - | 719,222 | 719,222 | 0.13% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
OKE Alerts
Schedule 13G FIlings of ONEOK
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 12.05% | 53,863,544 | SC 13G/A | |
| Feb 07, 2023 | state street corp | 7.35% | 32,835,378 | SC 13G/A | |
| Jan 23, 2023 | blackrock inc. | 10.8% | 48,439,908 | SC 13G/A | |
| Feb 11, 2022 | state street corp | 7.03% | 31,335,610 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 11.38% | 50,731,447 | SC 13G/A | |
| Jan 10, 2022 | blackrock inc. | 10.2% | 45,529,862 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 11.09% | 49,297,478 | SC 13G/A | |
| Feb 09, 2021 | state street corp | 5.85% | 25,977,227 | SC 13G | |
| Jan 29, 2021 | blackrock inc. | 8.7% | 38,732,840 | SC 13G/A | |
| Feb 14, 2020 | state street corp | 5.26% | 21,739,095 | SC 13G |
Recent SEC filings of ONEOK
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 28, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 26, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 26, 2023 | 8-K | Current Report | |
| Sep 26, 2023 | 8-K | Current Report | |
| Sep 26, 2023 | S-8 | Employee Benefits Plan | |
| Sep 25, 2023 | 8-K | Current Report | |
| Sep 22, 2023 | 425 | Prospectus Filed | |
| Sep 22, 2023 | 425 | Prospectus Filed | |
| Sep 22, 2023 | 8-K | Current Report | |
| Sep 14, 2023 | 4 | Insider Trading |
OKE Fair Value
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Peers (Alternatives to ONEOK)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CQP | - | 14.5B | 0.11% | 4.70% | - | - | 11.12% | 227.86% |
ET | 40.6B | 80.8B | 1.17% | 30.67% | 8.97 | 1.48 | -1.23% | 0.82% |
WMB | 40.1B | 11.5B | -5.07% | 15.02% | 15.1 | 3.48 | 7.16% | 69.50% |
KMI | 36.0B | 17.1B | -5.72% | -1.36% | 14.34 | 2.1 | -3.10% | 3.16% |
OKE | 27.7B | 19.2B | -5.64% | 22.63% | 11.38 | 1.44 | -10.28% | 54.38% |
| MID-CAP | ||||||||
NFE | 6.4B | 2.4B | -2.22% | -28.51% | 16.15 | 2.65 | 18.38% | 86.75% |
ENLC | 4.7B | 8.0B | -5.90% | 35.86% | 12.19 | 0.52 | -9.16% | 99.38% |
ETRN | 4.0B | 1.4B | -6.22% | 31.69% | -14.91 | 2.88 | 9.71% | 80.43% |
DKL | 2.0B | 1.1B | -6.90% | -15.14% | 13.01 | 1.9 | 42.53% | -0.22% |
DCP | - | 11.9B | 0.51% | 28.75% | - | - | -14.57% | 7.44% |
| SMALL-CAP | ||||||||
NS | 1.9B | 308.0M | 2.02% | 30.53% | 8.53 | 8.41 | 145.69% | 7305.10% |
SMLP | - | 384.8M | -0.87% | -9.12% | - | - | -2.94% | 38.53% |
VTNR | 405.6M | 3.1B | -2.47% | -30.18% | 10.37 | 0.13 | 156.21% | 157.73% |
ONEOK News
Returns for OKE
Cumulative Returns on OKE
8.7%
10-Year Cumulative Returns
9.0%
7-Year Cumulative Returns
4.2%
5-Year Cumulative Returns
40.1%
3-Year Cumulative Returns
Risks for OKE
What is the probability of a big loss on OKE?
66.2%
Probability that ONEOK stock will be more than 20% underwater in next one year
24.6%
Probability that ONEOK stock will be more than 30% underwater in next one year.
24.6%
Probability that ONEOK stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does OKE drawdown profile look like?
Y-axis is the maximum loss one would have experienced if ONEOK was unfortunately bought at previous high price.
Drawdowns
Financials for ONEOK
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -10.5% | 19,199 | 21,463 | 22,387 | 22,775 | 21,398 | 18,791 | 16,540 | 13,690 | 11,328 | 9,600 | 8,542 | 8,635 | 8,724 | 9,521 | 10,164 | 10,637 | 11,768 | 12,271 | 12,593 | 13,249 | 12,761 |
| Cost Of Revenue | -14.2% | 14,495 | 16,891 | 17,910 | 18,336 | 17,012 | 14,501 | 12,257 | 9,565 | 7,381 | 5,955 | 5,110 | 5,274 | 5,423 | 6,109 | 6,788 | 7,315 | 8,461 | 9,011 | 9,423 | 10,178 | 9,847 |
| EBITDA | -100.0% | - | 4,419 | 3,552 | 3,442 | 3,407 | 3,327 | 3,339 | 3,230 | 3,126 | 2,869 | 2,094 | 2,035 | 1,944 | 2,050 | 2,619 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.21* | 0.16* | 0.15* | 0.16* | 0.18* | 0.20* | 0.24* | 0.28* | 0.30* | 0.25* | 0.24* | 0.22* | 0.22* | 0.26* | - | - | - | - | - | - |
| Interest Expenses | 1.3% | 679 | 670 | 676 | 688 | 705 | 719 | 733 | 731 | 724 | 758 | 713 | 665 | 618 | 517 | 492 | 481 | 473 | 469 | 470 | 475 | 480 |
| Earnings Before Taxes | 2.2% | 3,183 | 3,115 | 2,250 | 2,132 | 2,082 | 1,989 | 1,984 | 1,878 | 1,783 | 1,508 | 802 | 818 | 805 | 1,039 | 1,651 | 1,622 | 1,632 | 1,591 | 1,518 | 1,445 | 1,291 |
| EBT Margin | -100.0% | - | 0.15* | 0.10* | 0.09* | 0.10* | 0.11* | 0.12* | 0.14* | 0.16* | 0.16* | 0.09* | 0.09* | 0.09* | 0.11* | 0.16* | - | - | - | - | - | - |
| Net Income | 2.3% | 2,434 | 2,380 | 1,722 | 1,616 | 1,576 | 1,505 | 1,500 | 1,428 | 1,349 | 1,141 | 613 | 625 | 622 | 800 | 1,279 | 1,251 | 1,256 | 1,226 | 1,155 | 925 | 777 |
| Net Income Margin | -100.0% | - | 0.11* | 0.08* | 0.07* | 0.07* | 0.08* | 0.09* | 0.10* | 0.12* | 0.12* | 0.07* | 0.07* | 0.07* | 0.08* | 0.13* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 2,430 | 1,704 | 1,828 | 1,786 | 1,698 | 1,849 | 1,525 | 1,265 | 587 | -296 | -1,309 | -1,956 | -1,892 | -1,901 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -1.7% | 24,038 | 24,464 | 24,379 | 24,439 | 24,527 | 23,993 | 23,622 | 23,872 | 23,437 | 23,180 | 23,079 | 22,781 | 22,992 | 21,969 | 21,812 | 21,336 | 19,752 | 18,934 | 18,232 | 17,911 | 16,914 |
| Current Assets | -27.5% | 1,863 | 2,569 | 2,548 | 2,765 | 3,026 | 2,641 | 2,374 | 2,667 | 2,236 | 1,998 | 1,870 | 1,721 | 2,180 | 1,488 | 1,470 | 1,968 | 1,401 | 1,343 | 1,399 | 1,808 | 1,434 |
| Cash Equivalents | -84.4% | 106 | 680 | 220 | 22.00 | 136 | 15.00 | 146 | 224 | 374 | 402 | 524 | 447 | 946 | 532 | 21.00 | 673 | 273 | 28.00 | 12.00 | 84.00 | 15.00 |
| Inventory | -21.3% | 314 | 399 | 432 | 538 | 620 | 584 | 428 | 628 | 455 | 370 | 228 | 301 | 202 | 131 | 305 | 284 | 185 | 243 | 297 | 426 | 286 |
| Net PPE | 0.9% | 20,229 | 20,040 | 19,952 | 19,790 | 19,601 | 19,425 | 19,320 | 19,222 | 19,182 | 19,125 | 19,155 | 19,029 | 18,981 | 18,629 | 18,349 | 17,363 | 16,336 | 15,518 | 14,767 | 13,961 | 13,304 |
| Current Liabilities | -30.5% | 1,517 | 2,182 | 3,051 | 4,139 | 3,655 | 3,483 | 3,185 | 2,803 | 2,395 | 2,048 | 1,345 | 1,094 | 1,273 | 1,091 | 2,020 | 1,567 | 1,737 | 1,690 | 2,108 | 2,450 | 2,572 |
| Short Term Borrowings | - | - | - | - | 901 | - | 78.00 | - | - | - | - | - | - | - | - | 220 | - | - | - | - | 120 | 156 |
| LT Debt, Current | -100.0% | - | 500 | 925 | 925 | 896 | 896 | 896 | 536 | 536 | 544 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 308 | 308 | 508 | 508 | 933 |
| LT Debt, Non Current | 0.1% | 12,742 | 12,728 | 12,696 | 11,951 | 12,873 | 12,750 | 12,748 | 13,640 | 13,638 | 13,639 | 14,228 | 14,249 | 14,276 | 14,147 | 12,480 | 12,479 | 10,754 | 10,004 | 8,873 | 8,326 | 7,091 |
| Shareholder's Equity | 1.2% | 7,218 | 7,132 | 6,494 | 6,312 | 6,115 | 5,994 | 6,015 | 5,841 | 5,910 | 6,097 | 6,042 | 6,146 | 6,241 | 5,561 | 6,226 | 6,219 | 6,348 | 6,442 | 6,580 | 6,653 | 6,838 |
| Retained Earnings | 5.8% | 711 | 672 | 50.00 | - | - | - | - | - | - | - | - | - | -7.54 | -141 | - | - | - | - | - | - | - |
| Additional Paid-In Capital | 0.2% | 7,270 | 7,253 | 7,253 | 7,218 | 7,190 | 7,177 | 7,214 | 7,235 | 7,247 | 7,305 | 7,353 | 7,448 | 7,550 | 6,989 | 7,404 | 7,448 | 7,495 | 7,528 | 7,615 | 7,663 | 7,700 |
| Accumulated Depreciation | 3.1% | 5,372 | 5,212 | 5,063 | 4,937 | 4,793 | 4,648 | 4,501 | 4,358 | 4,212 | 4,067 | 3,918 | 3,774 | 3,642 | 3,507 | 3,703 | 3,585 | 3,471 | 3,370 | 3,264 | 3,160 | 3,060 |
| Shares Outstanding | 0.1% | 448 | 447 | 447 | 447 | 448 | 447 | 446 | 447 | 446 | 446 | 445 | 445 | 420 | 414 | 413 | 414 | 414 | 413 | 412 | 412 | 412 |
| Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 174 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -0.4% | 3,649 | 3,664 | 2,906 | 2,921 | 2,718 | 2,476 | 2,546 | 2,287 | 2,241 | 2,010 | 1,899 | 1,723 | 1,715 | 2,016 | 1,947 | 1,997 | 2,152 | 2,045 | 2,187 | 1,896 | 1,675 |
| Share Based Compensation | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37.00 | 36.00 | 34.00 | 33.00 | 32.00 | 31.00 | 29.00 |
| Cashflow From Investing | -11.9% | -949 | -848 | -1,139 | -1,053 | -883 | -738 | -665 | -764 | -1,040 | -1,476 | -2,270 | -3,102 | -3,691 | -3,868 | -3,768 | -3,472 | -3,145 | -2,724 | -2,114 | -1,462 | -985 |
| Cashflow From Financing | -26.9% | -2,729 | -2,150 | -1,692 | -2,069 | -2,072 | -2,124 | -2,259 | -1,745 | -1,771 | -662 | 875 | 1,154 | 2,649 | 2,357 | 1,831 | 2,065 | 1,252 | 689 | -97.05 | -360 | -1,007 |
| Dividend Payments | 0.6% | 1,692 | 1,682 | 1,672 | 1,671 | 1,669 | 1,668 | 1,667 | 1,666 | 1,664 | 1,635 | 1,605 | 1,568 | 1,520 | 1,490 | 1,458 | 1,431 | 1,403 | 1,373 | 1,335 | 1,269 | 1,213 |
OKE Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues | ||||
| Revenues (Note L) | $ 3,732 | $ 5,996 | $ 8,253 | $ 11,441 |
| Cost of sales and fuel (exclusive of items shown separately below) | 2,482 | 4,878 | 5,829 | 9,244 |
| Operations and maintenance | 296 | 231 | 535 | 445 |
| Depreciation and amortization | 170 | 158 | 332 | 312 |
| General taxes | 47 | 46 | 104 | 96 |
| Other operating (income) expense, net (Note C) | 0 | (6) | (781) | (7) |
| Operating income | 737 | 689 | 2,234 | 1,351 |
| Equity in net earnings from investments (Note J) | 43 | 36 | 83 | 72 |
| Other income (expense), net | 13 | (9) | 21 | (22) |
| Interest expense (net of capitalized interest of $6, $13, $24, and $25, respectively) | (180) | (171) | (346) | (343) |
| Income before income taxes | 613 | 545 | 1,992 | 1,058 |
| Income taxes | (145) | (131) | (475) | (253) |
| Net income | 468 | 414 | 1,517 | 805 |
| Less: Preferred stock dividends | 0 | 0 | 0 | 0 |
| Net income available to common shareholders | $ 468 | $ 414 | $ 1,517 | $ 805 |
| Basic earnings per common share (Note I) | $ 1.04 | $ 0.93 | $ 3.38 | $ 1.80 |
| Diluted earnings per common share (Note I) | $ 1.04 | $ 0.92 | $ 3.38 | $ 1.80 |
| Average shares (millions) | ||||
| Basic | 448.3 | 447.5 | 448.2 | 447.3 |
| Diluted | 449.0 | 448.2 | 449.0 | 448.3 |
| Commodity Sales | ||||
| Revenues | ||||
| Revenues (Note L) | $ 3,371 | $ 5,651 | $ 7,527 | $ 10,756 |
| Services | ||||
| Revenues | ||||
| Revenues (Note L) | $ 361 | $ 345 | $ 726 | $ 685 |
OKE Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 106 | $ 220 |
| Accounts receivable, net | 1,023 | 1,532 |
| Materials and supplies | 146 | 149 |
| NGLs and natural gas in storage | 314 | 432 |
| Commodity imbalances | 30 | 43 |
| Other current assets | 244 | 172 |
| Total current assets | 1,863 | 2,548 |
| Property, plant and equipment | ||
| Property, plant and equipment | 25,601 | 25,015 |
| Accumulated depreciation and amortization | 5,372 | 5,063 |
| Net property, plant and equipment | 20,229 | 19,952 |
| Investments and other assets | ||
| Investments in unconsolidated affiliates | 885 | 802 |
| Goodwill and net intangible assets | 748 | 753 |
| Other assets | 313 | 324 |
| Total investments and other assets | 1,946 | 1,879 |
| Total assets | 24,038 | 24,379 |
| Current liabilities | ||
| Current maturities of long-term debt (Note F) | 0 | 925 |
| Accounts payable | 880 | 1,359 |
| Commodity imbalances | 163 | 254 |
| Accrued taxes | 130 | 136 |
| Accrued interest | 214 | 233 |
| Operating lease liability, current | 12 | 12 |
| Other current liabilities | 118 | 132 |
| Total current liabilities | 1,517 | 3,051 |
| Long-term debt, excluding current maturities (Note F) | 12,742 | 12,696 |
| Deferred credits and other liabilities | ||
| Deferred income taxes | 2,168 | 1,739 |
| Operating lease liability, noncurrent | 63 | 68 |
| Other deferred credits | 330 | 331 |
| Total deferred credits and other liabilities | 2,561 | 2,138 |
| Commitments and contingencies (Note K) | ||
| Equity (Note G) | ||
| Preferred stock, $0.01 par value: authorized and issued 20,000 shares at June 30, 2023, and December 31, 2022 | 0 | 0 |
| Common stock, $0.01 par value: authorized 1,200,000,000 shares; issued 474,916,234 shares and outstanding 447,671,698 shares at June 30, 2023; issued 474,916,234 shares and outstanding 447,157,771 shares at December 31, 2022 | 5 | 5 |
| Paid-in capital | 7,270 | 7,253 |
| Accumulated other comprehensive loss (Note H) | (75) | (108) |
| Retained earnings | 711 | 50 |
| Treasury stock, at cost: 27,244,536 shares at June 30, 2023, and 27,758,463 shares at December 31, 2022 | (693) | (706) |
| Total equity | 7,218 | 6,494 |
| Total liabilities and equity | $ 24,038 | $ 24,379 |
ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions. It also gathers, treats, fractionates, and transports natural gas liquids (NGL), as well as stores, markets, and distributes NGL products. The company owns NGL gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Kansas, Missouri, Nebraska, Iowa, and Illinois; and NGL distribution and refined petroleum products pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana, as well as owns and operates truck- and rail-loading, and -unloading facilities connected to NGL fractionation, storage, and pipeline assets. In addition, it operates regulated interstate and intrastate natural gas transmission pipelines and natural gas storage facilities. Further, the company owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space. It operates 17,500 miles of natural gas gathering pipelines; 1,500 miles of FERC-regulated interstate natural gas pipelines; 5,100 miles of state-regulated intrastate transmission pipeline; six NGL storage facilities; and eight NGL product terminals. It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; propane distributors; municipalities; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution and electric generation companies, producers, processors, and marketing companies. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.