TULSA, OKLA. -- ONEOK, Inc. (NYSE: OKE) signed a definitive agreement on Aug. 30, 2026, to acquire Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for $4.425 billion in cash. Funds and affiliates managed by Apollo (NYSE: APO) will fund the purchase through a $9 billion nonvoting minority equity investment in ONEOK, with $5 billion of that sum earmarked to retire existing ONEOK debt. ONEOK's board approved both transactions unanimously, and the Brazos acquisition is expected to close in the fourth quarter of 2026.

TULSA, Okla. -- ONEOK, Inc. (NYSE: OKE) commenced cash tender offers on Aug. 30, 2026, to buy back up to $2 billion in aggregate purchase price of outstanding senior notes across 20 series, the company said. The move forms part of a previously announced plan to repurchase or repay $5 billion of ONEOK's senior debt. The Tulsa-based pipeline operator set an early tender deadline of 5:00 p.m. New York time on Sept. 14, 2026, and a final expiration time of Sept. 29, 2026.