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    "headline": "ONEOK Stock Rallies on $4.4B Asset Acquisition and Debt Reduction",
    "dek": "ONEOK shares rose 1.7% after announcing a $4.425 billion deal to acquire Brazos Midstream assets with no equity dilution.",
    "prose": "ONEOK stock rose 1.7% in morning trading after the company unveiled a deal to acquire Brazos Midstream's natural gas gathering and processing assets in the Permian Midland Basin for $4.425 billion in cash. [^1]\n\nPipeline giant Williams acquired Momentum Midstream and its Texas and Louisiana pipeline facilities for $5.5 billion. [^2]\n\nONEOK intends to apply $5 billion of the proceeds toward retiring existing debt, which is projected to bring its pro forma 2027 leverage ratio down to approximately 3.25 times debt-to-EBITDA. [^3]\n\nThe acquisition is funded through a $9 billion nonvoting minority equity investment from Apollo-managed funds, with no dilution to existing common shareholders. [^4]\n\nThe transaction is expected to more than double ONEOK's combined Midland Basin processing capacity to roughly 2.3 billion cubic feet per day, including plants currently under construction. [^5]\n\nUS natural gas production has more than doubled since 2006 and is projected to rise another 35% by 2050 to 150 billion cubic feet per day. [^6]",
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      "statement": "ONEOK stock rose 1.7% in morning trading after the company unveiled a deal to acquire Brazos Midstream's natural gas gathering and processing assets in the Permian Midland Basin for $4.425 billion in cash.",
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