Oneok Partners L.P. (OKS, Financial) filed Annual Report for the period ended 2011-12-31.
Oneok Partners has a market cap of $12.14 billion; its shares were traded at around $60.9 with a P/E ratio of 22.6 and P/S ratio of 1.4. The dividend yield of Oneok Partners stocks is 4.1%. Oneok Partners had an annual average earning growth of 1% over the past 10 years.
The sale or exchange of 50 percent or more of our capital and profits interests during any 12-month period will result in the termination of our partnership for federal income tax purposes.
We will be considered to have technically terminated our partnership for federal income tax purposes if there is a sale or exchange of 50 percent or more of the total interests in our capital and profits within a 12-month period. For purposes of determining whether the 50-percent threshold has been met, multiple sales of the same interest will be counted only once. Our technical termination would, among other things, result in the closing of our taxable year for all unitholders, which would result in us filing two tax returns (and our unitholders could receive two Schedules K-1 if relief was not available, as described below) for one fiscal year and could also result in a deferral of depreciation deductions allowable in computing our taxable income. In the case of a unitholder reporting on a taxable year other than a fiscal year ending December 31, the closing of our taxable year may result in more than 12 months of our taxable income or loss being included in the unitholder s taxable income for the year of termination. Our technical termination would not affect our classification as a partnership for federal income tax purposes, but instead, we would be treated as a new partnership and would be required to make new tax elections, and we could be subject to penalties if we are unable to determine that a technical termination occurred.
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Oneok Partners has a market cap of $12.14 billion; its shares were traded at around $60.9 with a P/E ratio of 22.6 and P/S ratio of 1.4. The dividend yield of Oneok Partners stocks is 4.1%. Oneok Partners had an annual average earning growth of 1% over the past 10 years.
Highlight of Business Operations:
Government Regulation - The operations and revenues of our natural gas liquids pipelines are regulated by various state and federal government agencies. Our interstate natural gas liquids pipelines are regulated by the FERC, which has authority over the terms and conditions of service, rates, including depreciation and amortization policies and initiation of service. In Kansas and Texas, our intrastate natural gas liquids pipelines that provide common carrier service are subject to the jurisdiction of the KCC and RRC, respectively, which have oversight regarding services provided.The sale or exchange of 50 percent or more of our capital and profits interests during any 12-month period will result in the termination of our partnership for federal income tax purposes.
We will be considered to have technically terminated our partnership for federal income tax purposes if there is a sale or exchange of 50 percent or more of the total interests in our capital and profits within a 12-month period. For purposes of determining whether the 50-percent threshold has been met, multiple sales of the same interest will be counted only once. Our technical termination would, among other things, result in the closing of our taxable year for all unitholders, which would result in us filing two tax returns (and our unitholders could receive two Schedules K-1 if relief was not available, as described below) for one fiscal year and could also result in a deferral of depreciation deductions allowable in computing our taxable income. In the case of a unitholder reporting on a taxable year other than a fiscal year ending December 31, the closing of our taxable year may result in more than 12 months of our taxable income or loss being included in the unitholder s taxable income for the year of termination. Our technical termination would not affect our classification as a partnership for federal income tax purposes, but instead, we would be treated as a new partnership and would be required to make new tax elections, and we could be subject to penalties if we are unable to determine that a technical termination occurred.
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