ONEOK, Inc. (OKE) Presents at 2025 Wells Fargo 24th Annual Energy and Power Symposium Transcript
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SA Transcripts157.33K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call ONEOK, Inc. (OKE) 2025 Wells Fargo 24th Annual Energy and Power Symposium December 9, 2025 2:15 PM EST Company Participants Pierce Norton - President, CEO & DirectorWalter Hulse - CFO, Treasurer and Executive VP of Investor Relations & Corporate DevelopmentSheridan Swords - Executive VP & Chief Commercial Officer Conference Call Participants Michael Blum - Wells Fargo Securities, LLC, Research Division Presentation Michael BlumWells Fargo Securities, LLC, Research Division All right. This is the session for ONEOK. You've got to my left, Sheridan Swords, EVP, Chief Commercial Officer. next we've got Pierce Norton, President and CEO; and Walter Hulse, EVP and Chief Financial Officer. So thank you, gentlemen, for joining me. Appreciate it.
Unknown Executive Thank you, Mike. Question-and-Answer Session Michael BlumWells Fargo Securities, LLC, Research Division Welcome. This is open Q&A. So feel free to just raise your hand and any time during the session, and someone will come over with the mic and you can ask a question. So maybe I'll start -- yes, I guess I'd start just high level over the last few years, you've made some pretty significant strategic shifts in the company, diversifying your Bakken concentration, adding more basins, refined products, crude, NGLs, reducing your gas -- natural gas exposure. Maybe you could just talk through that strategic shift that you've undergone at a high level. Do you like where the company is now from a mix of assets, markets, cash flow stability? And is this kind of what you're aiming to get to? Pierce NortonPresident, CEO & Director Okay. So I'll take that question, Michael. I'd probably start out by saying that in 2021, in the middle of the year, we had decided as a management team that we did need to take a strong look and really assess our competitive advantage. And so I'll kind Recommended For You