“ONEOK’s businesses continued to perform extremely well in the third quarter,” said Pierce H. Norton II, ONEOK president and chief executive officer. “Double-digit volume growth in our natural gas liquids and natural gas gathering and processing businesses year-over-year, as well as sustained strength in our natural gas pipelines segment, drove our increased 2023 guidance expectations. With the successful completion of our acquisition of Magellan, we’ve added significant free cash flow through primarily fee-based earnings from the new refined products and crude businesses and expected tax synergies, setting up a solid foundation for 2024 performance,” added Norton. “We remain focused on serving our enhanced customer base, operating responsibly and fully integrating our businesses. ONEOK’s increased scale, scope and diversified operations are already enabling us to create exceptional value for our stakeholders.”
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