ONEOK Completes $4.4B Brazos Midstream Acquisition and Declares Dividend

Key Facts

1ONEOK completed the $4.425 billion cash acquisition of Brazos Midstream's natural gas assets.

2The company declared a quarterly dividend of $1.07 per share, payable on November 16, 2026.

3Scotiabank maintained a 'Sector Perform' rating on ONEOK with the stock trading around $90.45.

ONEOK completed the $4.425 billion cash acquisition of Brazos Midstream's natural gas gathering and processing assets. Financial Modeling Prep reported that the strategic deal is designed to double the company's natural gas processing capacity in the Permian Midland Basin to approximately 2.3 billion cubic feet per day.

The company also declared a quarterly dividend of $1.07 per share, payable on November 16, 2026. While Scotiabank maintained a "Sector Perform" rating on the stock, OKE closed at $91.97 on October 14, 2026, having reached an intraday high of $94.08 during that session.