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EnLink Midstream Stock: ONEOK Merger Reshapes Midstream Landscape for Investors in 2026
EnLink Midstream has completed a pivotal merger with ONEOK, with EnLink shareholders receiving 0.1412 ONEOK shares for each EnLink share. This strategic consolidation integrates EnLink’s assets into ONEOK’s extensive midstream operations, enhancing ONEOK’s scale, stability, and market position in North America. The merger provides former EnLink investors with exposure to ONEOK’s fee-based revenue model, consistent dividend growth, and strategic positioning to benefit from rising natural gas demand.