ONEOK, Inc. (NYSE:OKE) Files An 8-K Regulation FD DisclosureItem 7.01
ONEOK, Inc. (NYSE:OKE) Files An 8-K Regulation FD Disclosure
Regulation FD Disclosure
On April 20, 2017, we announced that our board of directors approved a cash dividend of 61.5 cents per share of common stock. A copy of the news release is attached as Exhibit 99.1 and is incorporated herein by reference.
On April 20, 2017, ONEOK Partners, L.P. (ONEOK Partners) announced that the board of directors of its general partner, ONEOK Partners GP, L.L.C., a wholly owned subsidiary of ONEOK, Inc., approved a cash distribution of 79 cents per unit effective for the first quarter 2017. A copy of the news release is attached as Exhibit 99.2 and is incorporated herein by reference.
The information disclosed in this Item 7.01, including Exhibits 99.1 and 99.2 hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing.
Item 8.01
Other Events
On April 20, 2017, our board of directors approved a cash dividend of 61.5 cents per share of common stock, payable May 15, 2017, to shareholders of record at the close of business May 1, 2017.
On April 20, 2017, the board of directors of ONEOK Partners’ general partner, ONEOK Partners GP, L.L.C., approved a cash distribution of 79 cents per unit effective for the first quarter 2017. The first-quarter distribution is payable on May 15, 2017, to unitholders of record as of May 1, 2017.
We own approximately 114.3 million common and Class B limited partner units and the entire 2 percent general partner interest, including incentive distribution rights, which together represented a 41.2 percent ownership interest in ONEOK Partners as of December 31, 2016. We receive our portion of the referenced first-quarter distribution in accordance with our ownership interests as provided under the terms of the ONEOK Partners partnership agreement.
Item 9.01
Financial Statements and Exhibits
(d)
Exhibits
Exhibit
Number
Description
99.1
News release issued by ONEOK, Inc. dated April 20, 2017 – Dividend.
99.2
News release issued by ONEOK Partners, L.P. dated April 20, 2017 – Quarterly Distribution.
About ONEOK, Inc. (NYSE:OKE)
ONEOK, Inc. is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides non-discretionary services to producers that include gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs), and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities. ONEOK, Inc. (NYSE:OKE) Recent Trading Information
ONEOK, Inc. (NYSE:OKE) closed its last trading session down -0.26 at 53.53 with 1,852,576 shares trading hands.
ONEOK, Inc. is the sole general partner of ONEOK Partners, L.P. (ONEOK Partners), a master limited partnership engaged in the gathering, processing, storage and transportation of natural gas in the United States. The Company operates through three business segments: Natural Gas Gathering and Processing, Natural Gas Liquids and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment provides non-discretionary services to producers that include gathering and processing of natural gas produced from crude oil and natural gas wells. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs), and store NGL products, primarily in Oklahoma, Kansas, Texas, New Mexico and the Rocky Mountain region. The Natural Gas Pipelines segment owns and operates regulated natural gas transmission pipelines and natural gas storage facilities. ONEOK, Inc. (NYSE:OKE) Recent Trading Information
ONEOK, Inc. (NYSE:OKE) closed its last trading session down -0.26 at 53.53 with 1,852,576 shares trading hands.