OKE Search Earning

ONEOK Inc

OKE

Magellan Midstream Partners LP jumped 13.6% to $63.04 after the company agreed to be acquired by OneOk, Inc for about $18.8 billion.

OneOk, Inc declined 8.5% to $58.18.

OneOk agreed to pay $25.0 in cash and 0.6670 shares of ONEOK common stock for each outstanding Magellan common unit, representing a current implied value to each Magellan unitholder of $67.50 per unit, a 22% premium, based on May 12 closing prices.

The transaction is expected to be earnings per share accretive beginning in 2024 with EPS accretion of 3% to 7% per year from 2025 through 2027, and free cash flow per share accretion averaging more than 20% from 2024 through 2027.

The combined company is estimated to generate an average annual $1.0 billion in free cash flow in the first four years following the close of the transaction.
May 15, 2023

Year	Mar	Jun	Sep	Dec	Annual

2023	2.34	1.04	0.99	-	-
2022	0.87	0.92	0.96	1.09	3.84
2021	0.86	0.77	0.88	0.84	3.35
2020	-0.34	0.32	0.7	0.74	1.42
2019	0.81	0.75	0.74	0.77	3.07
2018	0.64	0.68	0.75	0.71	2.78
2017	0.41	0.33	0.43	0.52	1.69
2016	0.40	0.41	0.44	0.43	1.68
2015	0.29	0.36	0.41	0.45	1.51
2014	0.45	0.29	0.31	0.44	1.49
2013	0.54	0.00	0.30	0.43	1.27
2012	0.58	0.29	0.31	0.53	1.71
2011	0.60	0.25	0.28	0.56	1.68
2010	0.72	0.20	0.26	0.38	1.55
2009	0.58	0.20	0.23	0.44	1.44
2008	0.68	0.20	0.28	0.33	1.48
2007	0.68	0.16	0.07	0.49	1.4
2006	0.59	0.33	0.11	0.33	1.34
2005	0.49	0.12	0.81	1.12	2.53