S O LID BUS INE S S M O DE L P RO V E N P E RFO RM ANCE BUILT TO WITHSTAND VARIOUS MARKET CONDITIONS Solid investment-grade balance sheet Financial Strength and Flexibility S&P: BBB (stable) Moodys: Baa3 (positive) 2.50 billion…
WE LL-CAP ITALIZE D CUS TO M E R BAS E DIVERSIFIED COUNTERPARTIES WITH HIGH CREDIT QUALITY No single customer represents more than 10% of ONEOKs revenue. Investment-grade Customers Primary Customers Contract Structure YE 2019…
H I S TO RY O F G R O W T H T H R O U G H C O M M O D I T Y C Y C L E S Adjusted EBITDA ( in billions) Natural Gas Processed Volumes (MMcf/d) Adj. EBITDA Avg. Crude Oil Price (/barrel) (a) Rocky Mountain Mid-Continent Avg. Crude Oil…
HIS TO RICAL WILLIS TO N BAS IN P RO DUCTIO N INCREASING NATURAL GAS VOLUMES DESPITE DOWNTURN Natural gas production increased 4% 2015- 2016 despite a 12% decrease in crude oil Williston Basin Production(a) production 3,000 120 More…
WILLIS TO N BAS IN INCREASING GAS-TO-OIL RATIOS (GOR) DRIVING VOLUME GROWTH Producer efficiencies across the basin leading to increasing Natural gas production of more than 3 Bcf/d reported in January production with fewer rigs. 2020,…
WILLIS TO N BAS IN INCREASED NATURAL GAS CAPTURE RESULTS Increased NGL and natural gas value uplift Approximately 85% of North Dakotas natural gas production was captured in January 2020 North Dakota Industrial Commission (NDIC) policy…
NO N-G AAP RE CO NCILIATIO NS ONEOK has disclosed in this presentation adjusted EBITDA, distributable cash flow (DCF) and dividend coverage ratio, which are non-GAAP financial metrics, used to measure ONEOKs financial performance, and…
NO N-G AAP RE CO NCILIATIO N NET INCOME TO ADJUSTED EBITDA (millions of dollars) 2015 2016 2017 2018 2019 Reconciliation of net income to adjusted EBITDA Net income 379 744 594 1,155 1,279 Interest expense, net of capitalized…