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On the Record · Oneok

Oneok acquisitions, on the record

The businesses Oneok bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Magellan Midstream Partners, L.P.
Word for word“Pursuant to the Merger Agreement, each common unit of Magellan was exchanged for a fixed ratio of 0.667 shares of ONEOK common stock and $25.00 of cash, for a total consideration of $14.1 billion.” 10-K for 2023
acquisition—total consideration of $14.1 billion
Medallion
Word for word“On Aug. 28, 2024, we entered into the Medallion Purchase and Sale Agreement with GIP to acquire all of the equity interests in Medallion for a purchase price of $2.6 billion, subject to customary adjustments, and inclusive of the purchase of additional interests in a Medallion joint venture owned by a separate third party.” 10-K for 2024
agreed acquisitionAug. 28, 2024a purchase price of $2.6 billion
three wholly owned interstate natural gas pipeline systems (including Guardian and Viking, and Midwestern Gas Transmission Company)
Word for word“On Nov. 19, 2024, we entered into a definitive agreement with DT Midstream, Inc. to sell three of our wholly owned interstate natural gas pipeline systems for total cash consideration of $1.2 billion.” 10-K for 2024
agreed divestitureNov. 19, 2024total cash consideration of $1.2 billion
three wholly owned interstate natural gas pipeline systems sold to DT Midstream, Inc.
Word for word“On Dec. 31, 2024, we completed sale of three of our wholly owned interstate natural gas pipeline systems to DT Midstream, Inc. for total cash consideration of $1.2 billion, and recognized a gain of $227 million.” 10-K for 2024
divestitureDec. 31, 2024—
system of NGL pipelines from Easton Energy
Word for word“On June 17, 2024, we completed the acquisition of a system of NGL pipelines from Easton Energy, a Houston-based midstream company, for approximately $280 million.” 10-K for 2024
acquisitionJune 17, 2024approximately $280 million
Delaware Basin JV
Word for word“On May 28, 2025, we completed the Delaware Basin JV Acquisition for $941 million.” 10-K for 2025
acquisitionOn May 28, 2025$941 million
BridgeTex Additional Interest
Word for word“On July 22, 2025, we completed the BridgeTex Additional Interest Acquisition.” 10-K for 2025
acquisitionOn July 22, 2025—
three interstate natural gas pipeline systems sold to DT Midstream, Inc.
Word for word“Interstate Natural Gas Pipeline Divestiture - On December 31, 2024, we completed the sale of three of our wholly owned interstate natural gas pipeline systems to DT Midstream, Inc.” 10-K for 2025
divestitureOn December 31, 2024—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businessesGoodwill from acquisitions
2016-12-31$0——
2021-12-31$0——
2022-12-31$0$0—
2023-12-31$5.01 billion$0$4.42 billion
2024-12-31$5.83 billion$1.2 billion—
2025-12-31$25 million$0—

Deal filings since 2016

Read from Oneok’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.