Oneok, Inc. · NYSE:OKE
Oneok — Q1 2017 Earnings Presentation
9 slides from Oneok's earnings presentation, May 2, 2017
Slide 1: First-Quarter 2017 Update
FIRST-QUARTER 2017 UPDATE May 2, 2017
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Statements contained in this presentation that include company expectations or predictions should be considered forward-looking statements that are covered by the safe harbor protections provided under federal securities legislation and other applicable laws. It is importa
Slide 3: Index
INDEX ONEOK Key Messages 4 Natural Gas Liquids Volume Update 5 Natural Gas Gathering and Processing Volume Update 6 Natural Gas Pipelines 7 First-quarter 2017 vs. Fourth-quarter 2016 Segment Variances 8
Slide 4: ONEOK Key Messages
ONEOK KEY MESSAGES EXTENSIVE. RELIABLE. DIVERSIFIED. • 37,000-mile network of natural gas liquids and natural gas pipelines • Well-positioned in the core of growing NGL-rich basins • Increased producer activity across footprint in the STACK and SCOOP plays and Williston and Permian basins • 2017 sec
Slide 5: Natural Gas Liquids Volume Update
NATURAL GAS LIQUIDS VOLUME UPDATE Gathered Volume (MBbl/d) • 2017 third-party processing plant connections 120-140 – Three completed during first quarter 2017: Mid-Continent 155 175 region (1), Permian Basin (1), Rocky Mountain region (1) 800-900 769 770 – Expected connections remaining during 2017:
Slide 6: Natural Gas Gathering and Processing Volume Update
NATURAL GAS GATHERING AND PROCESSING VOLUME UPDATE Gathered Volumes (MMcf/d) Mid-Continent 1,524 1,561 1,500 – 1,650 • Increased producer activity expected in the STACK and 1,404 SCOOP plays – 12 rigs on ONEOK’s dedicated acreage; expected to increase to 781 760-850 862 14-17 rigs by year-end 917 •
Slide 7: Natural Gas Pipelines
NATURAL GAS PIPELINES WELL-POSITIONED AND MARKET-CONNECTED Natural Gas Transportation Capacity Contracted (MDth/d) • Earnings expected to remain more than 95 percent fee-based in 2017, and expect: – Approximately 93 percent of transportation capacity contracted – More than 60 percent of natural gas
Slide 8: Business Segment Performance Q1 2017 vs. Q4 2016 Variances
BUSINESS SEGMENT PERFORMANCE Q1 2017 vs. Q4 2016 VARIANCES • Natural gas liquids earnings increased – $17.6 million increase in optimization and marketing due primarily to wider location price differentials – $12.2 million increase due to lower operating costs primarily from lower outside services e
Slide 9: > ONEOK
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