ONEOK Inc at Barclays CEO Energy-Power Conference Transcript

Sep 06, 2023

Sep 06, 2023 / 02:20PM GMT
Theresa Chen - Barclays Bank PLC, Research Division - Research Analyst

Welcome, everyone. My name is Theresa Chen. I'm the midstream and refining analyst here at Barclays. It is my pleasure to welcome our next company, ONEOK. From ONEOK, we have Pierce Norton, CEO; Walter Hulse, CFO; and Sheridan Swords, SVP of Commercial. Welcome, everyone.

Pierce H. Norton - ONEOK, Inc. - President, CEO & Director

Thank you.

Questions and Answers:

Theresa Chen - Barclays Bank PLC, Research Division - Research Analyst

So let's just dive right into it and talk about the acquisition first. Can you talk about your strategic rationale for the proposed transaction and how that came about?

Pierce H. Norton - ONEOK, Inc. - President, CEO & Director

Yes. Well, first of all, Teresa, thank you for having us here today, and welcome, everybody. So I'll break the strategic transaction down into basically 4 parts. The first part is growth. Second part is scope, scale and basically

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