ONEOK to Acquire Brazos Midstream's Permian Midland Basin Assets for $4.425 Billion

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  "signal_type": "news",
  "signal_subtype": "invests_into",
  "detected_at": "2026-08-30T20:40:00+00:00",
  "company": {
    "name": "Apollo Global Management",
    "domain": "apollo.com"
  },
  "data": {
    "url": "https://www.prnewswire.com/news-releases/oneok-to-acquire-brazos-midstreams-permian-midland-basin-assets-for-4-425-billion-302864458.html",
    "title": "ONEOK to Acquire Brazos Midstream's Permian Midland Basin Assets for $4.425 Billion",
    "excerpt": "Acquisition Increases Momentum Toward the High End of ONEOK's Mid- to High- Single-Digit Adjusted EBITDA Growth Target Over the Next Five to Seven Years Expected to Be Immediately Accretive to Earnings and Free Cash Flow Per Share $9 Billion Minority Equity Investment from Apollo Funds Acquisition and $5 Billion Debt Extinguishment Accelerates Deleveraging to 3.25x Debt-to-EBITDA with No Issuance of Common Equity Accelerates ONEOK's Flexibility for Capital Allocation Including Organic Growth, Potential Dividend Increases and Share Buybacks TULSA, Okla. , Aug. 30, 2026 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE ) today announced that it has executed a definitive agreement to acquire Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for total cash consideration of $4.425 billion. The acquisition will be funded through a $9 billion nonvoting minority equity investment from funds and affiliates managed by Apollo (NYSE: APO ) (Apollo). ONEOK intends to use $5 billion of proceeds from the equity investment to reduce ONEOK's existing indebtedness. \"This transaction demonstrates ONEOK's strategy of intentionally expanding and extending our integrated energy infrastructure,\" said Pierce H. Norton II, ONEOK president and CEO. \"These assets add a premier Permian Midland Basin platform supported by long-term contracts and attractive growth opportunities...",
    "summary": "Apollo is making a $9 billion nonvoting minority equity investment into ONEOK to fund an acquisition and reduce debt.",
    "planning": true,
    "image_url": "https://mmx.prnewswire.com/media/MS677386/ONEOK-logo-Logo.jpg?id=OA2919290&p=facebook",
    "confidence": 1,
    "published_at": "2026-08-30T20:40:00Z",
    "article_sentence": "The acquisition will be funded through a $9 billion nonvoting minority equity investment from funds and affiliates managed by Apollo (NYSE: APO ) (Apollo).",
    "amount_normalized": 9000000000,
    "financing_type_tags": [
      "ipo"
    ],
    "related_company_name": "ONEOK",
    "related_company_domain": "oneok.com",
    "financing_type_normalized": "post_ipo"
  }
}

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curl -X POST https://signals.autobound.ai/v1/companies/enrich \
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