ONEOK, Inc (OKE) Presented at Barclays' 39th Annual Energy-Power Conference

ONEOK, Inc. (NYSE:OKE) is one of the Ridiculously Cheap Stocks to Buy According to Analysts. On September 3, ONEOK, Inc. (NYSE:OKE) presented at Barclays’ 39th Annual Energy-Power Conference, where it outlined its strategic plans.

Management noted that the focus is on integrating assets and realizing synergies to drive growth. The company aims to achieve $250 million in synergy savings by 2025, with Magellan synergies surpassing expectations. Moreover, the company also highlighted its plans to drive organic growth and reduce its leverage ratio to 3.6x by 2026.

Projects in Denver and Elk Creek are key parts of this plan. Management noted that Denver’s expansion will start mid-2026 with an initial capacity of 30,000 barrels per day, scalable to 250,000 barrels, thereby helping achieve the growth plans.

In terms of operations, ONEOK, Inc. (NYSE:OKE) noted that the Magellan acquisition is delivering strong synergies along with EnLink, which is advancing with new processing plants. Looking ahead, the company aims to optimize NGL pipeline and fractionation economics, with expectations of tightening rates as volumes increase. It is also targeting industrial growth in Louisiana and exploring data center projects near existing systems.

ONEOK, Inc. (NYSE:OKE) is a midstream company that provides gathering, processing, transportation, storage, and export services for natural gas and natural gas liquids.

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Disclosure: None. This article is originally published at Insider Monkey.