eFinanceMarkets
7 years ago
$OKE ONEOK (NYSE:OKE) +1.8% after-hours as it forecasts FY 2018 net income of $955M-$1.155B and adjusted EBITDA of $2.215B-$2.415B, nearly 20% higher than previously announced 2017 guidance, driven primarily by anticipated natural gas and natural gas liquids volume increases in the STACK and SCOOP areas and Williston and Permian basins.
OKE also says it continues to expect average annual dividend growth of 9%-11% through 2021 with annual dividend coverage greater than 1.2x; it expects 85%-95% of 2018 dividend payments to be a return of capital.
OKE sees FY 2018 adjusted EBITDA in its natural gas liquids segment of $1.3B-$1.43B, ~15% above 2017 guidance, with gathered NGLs of 850K-1M bbl/day and NGLs fractionated of 650K-725K bbl/day, up a respective 10% and 15% vs. 2017 guidance.
OilStockReport
14 years ago
TULSA, Okla., Dec. 1, 2010 /PRNewswire-FirstCall/ -- ONEOK, Inc. (NYSE: OKE) announced today that Neal F. Lehman has joined the company as vice president of compliance and ethics.
In this new position, Lehman will have oversight responsibility for the companywide compliance with rules, regulations and laws and for the development and implementation of continuing companywide compliance and ethics training.
He will report to John R. Barker, senior vice president and general counsel, and John W. Gibson, ONEOK president and chief executive officer.
"Neal's extensive legal experience and expertise will strengthen our ongoing compliance and ethics programs and reinforce our commitment to operating in a manner consistent with our company's values," Gibson said.
Lehman comes to ONEOK from Latham, Wagner, Steele & Lehman. Previously, he was senior legal counsel for Phillips Petroleum Company, where he served in various roles for a number of years, including chief antitrust counsel. He has also held legal positions with Baker Industries, Skelly Oil Company and the U.S. Department of Justice.
Lehman graduated from Grove City College in Grove City, Penn., and earned his juris doctorate from St. Mary's University School of Law in San Antonio, Texas.
To obtain an electronic photo file of Lehman, visit the ONEOK website:
http://www.oneok.com/~/media/ONEOK/Images/NLehman.ashx.