ONEOK Closes Sale of Wholly Owned Interstate Natural Gas Pipelines
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ONEOK, Inc. has completed the sale of its three wholly owned interstate natural gas pipeline systems to DT Midstream, Inc. for $1.2 billion.
December 31, 2024 | 2:15 pm
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POSITIVE IMPACT
DT Midstream, Inc. has acquired three interstate natural gas pipelines from ONEOK, Inc. for $1.2 billion, expanding its pipeline network.
The acquisition of the pipelines enhances DT Midstream's asset base and operational capacity, which could lead to positive investor sentiment and a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
ONEOK, Inc. has sold its interstate natural gas pipelines to DT Midstream for $1.2 billion, potentially impacting its asset portfolio and financials.
The sale of the pipelines is a significant transaction for ONEOK, potentially improving its financial position and allowing it to focus on core operations. This could positively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90