ONEOK Spends $3B On EnLink Midstream Stake, $2.6B On Medallion
ONEOK Spends $3B On EnLink Midstream Stake, $2.6B On Medallion
Separately, ONEOK will also acquire all equity interests in EnLink Midstream (NYSE:ENLC) shares are trading higher premarket Thursday after ONEOK, Inc. (NYSE:OKE) agreed to acquire Global Infrastructure Partners' (GIP) 43% stake in the company for $3 billion, or $14.90 per unit.
EnLink Midstream（纽交所：ENLC）的股票在周四盘前交易上涨，因为ONEOk, Inc.（纽交所：OKE）同意以30亿美元，或每单位14.90美元的价格收购Global Infrastructure Partners（GIP）在该公司的43%股权。
The per unit price represents a 12.8% premium over EnLink's closing market price as of Aug. 27, 2024.
每单位价格相当于2024年8月27日EnLink收盘市场价的12.8%溢价。
The deal also includes 100% of the managing member's interests for $300 million. This brings the total cash consideration to approximately $3.3 billion.
该交易还包括以3000万美元购买托管成员全部权益。这使得总现金考虑金额约为33亿美元。
Separately, ONEOK will also acquire all equity interests in Medallion Midstream, LLC, for $2.6 billion in cash.
此外，ONEOk还将以26亿美元现金收购Medallion Midstream, LLC的全部股权。
This acquisition, representing about 6.3 times the estimated 2025 EBITDA. It includes base case synergies, and pertains to Medallion's extensive crude gathering and transportation system in the Permian's Midland Basin.
这项收购约为预计2025年EBITDA的6.3倍。它包括基准情况下的协同效应，并涉及Medallion在Permian的Midland盆地的广泛原油采集和运输系统。
The total transactions are valued at $5.9 billion.
总交易价值为59亿元。
The deals add 1.7 billion cubic feet per day to ONEOK's Permian gas processing capacity and 1.6 million barrels per day of Permian crude gathering capacity.
这些交易将使ONEOk的Permian天然气处理能力增加17亿立方英尺/天，Permian原油采集能力增加160万桶/天。
ONEOK plans to leverage its expanded platforms to enhance service offerings for producers in the Permian Basin.
ONEOk计划利用其扩展的平台为Permian盆地的生产商提供增强服务。
The transactions are not cross-conditioned and are anticipated to close early in the fourth quarter of 2024.
交易并非交叉条件，预计将在2024年第四季度初期完成。
Synergies: The transactions are expected to support ONEOK's $2 billion share repurchase program.
协同效应：这些交易预计将支持ONEOK的20亿美元的股份回购计划。
Following these deals, ONEOK expects to achieve annual synergies of $250 million to $450 million within three years.
在这些交易之后，ONEOK预计将在三年内实现每年2.5亿至4.5亿美元的协同效应。
Following the transaction with GIP, EnLink will become a consolidated subsidiary of ONEOK for GAAP financial reporting.
与GIP交易完成后，EnLink将成为ONEOK在美国通用会计准则财务报告中的一家合并子公司。
Investors can gain exposure to ENLC via Global X MLP ETF (NYSE:MLPA) and Alerian MLP ETF (NYSE:AMLP).
投资者可以通过global x mlp etf（NYSE:MLPA）和alerian mlp etf（NYSE:AMLP）获得对ENLC的曝光。
Price Action: ENLC shares are up 13.22% at $14.90 premarket at the last check Thursday.
股价表现：在上周四最后一次检查时，ENLC股价上涨了13.22%，报14.90美元。
- Exxon Mobil Top Stories: EnLink Midstream's Sustainability Report, Lithium Supply Chain Talks and Global Lubricants Market Report
- 埃克森美孚头条：EnLink Midstream的可持续发展报告，锂矿供应链讨论以及全球润滑油市场报告
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