ONEOK Presents at Barclays CEO Energy-Power Conference 2025.

ONEOK, Inc. presented at the Barclays 39th Annual CEO Energy-Power Conference 2025. The presentation focused on the company's energy infrastructure, with Theresa Chen, Midstream and Refining analyst at Barclays, introducing the presentation. The specific details of the presentation are not provided in the given transcript.

ONEOK, Inc. presented its progress and strategic outlook at the Barclays 39th Annual CEO Energy-Power Conference 2025. The company highlighted its efforts to integrate recently acquired assets and the progress made towards achieving synergy targets by 2025. The presentation was led by Theresa Chen, Midstream and Refining analyst at Barclays, who introduced the company's executives: Pierce Norton (President, CEO & Director), Walter Hulse (CFO, Treasurer and Executive VP of Investor Relations & Corporate Development), and Sheridan Swords (Executive VP & Chief Commercial Officer).

Walter Hulse, CFO and Treasurer, emphasized that the company's expectations for synergies have not changed. He noted that the Magellan acquisition, completed in September 2023, has already yielded significant synergies, and the company is well ahead of its initial expectations. Hulse also highlighted the progress made with EnLink and Medallion acquisitions, stating that the company is on track to meet its $250 million synergy target by 2025.

Pierce Norton, President and CEO, added that the company's Mid-Continent operations have seen significant optimization opportunities, particularly in the integration of EnLink and ONEOK systems. This optimization has allowed the company to capture more volumes and market share, reduce logistics costs, and improve overall operational efficiency.

Sheridan Swords, Executive VP & Chief Commercial Officer, discussed the positive response from customers to ONEOK's ownership and operation of recently acquired refined products and crude assets. He noted that customers appreciate the company's customer-centered approach and willingness to invest capital in projects that benefit both the company and its customers.

The presentation also touched on the opportunities provided by recently completed and upcoming projects, such as the Elk Creek and West Texas NGL pipelines, and the Medford fractionator coming up in 2026. These assets provide the company with significant operating leverage and free capacity, allowing it to compete effectively for new volumes and grow its bottom line.

In conclusion, ONEOK, Inc. presented a positive outlook at the Barclays conference, highlighting its progress in integrating acquired assets, achieving synergy targets, and capturing operational efficiencies. The company's focus on customer satisfaction and strategic growth positions it well for continued success in the energy infrastructure sector.

References:
[1] https://seekingalpha.com/article/4819276-oneok-inc-special-call