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    Brandon Reddy

    Managing Director at JPMorgan Chase & Co.

    Brandon Reddy is a Managing Director at JPMorgan Chase & Co., specializing in equity research coverage within the energy sector, with a primary focus on oil and gas exploration and production companies. He is known for providing in-depth analysis of major companies such as Hess Corporation, ConocoPhillips, and EOG Resources, and has been recognized for the accuracy and value of his investment recommendations, achieving positive performance metrics with a success rate above industry benchmark averages on platforms like TipRanks. Reddy began his career at JPMorgan after graduating from a leading university, advancing through progressively senior research and analytical roles, and has remained with the firm since the early 2010s, developing a reputation for rigorous research standards and effective stock insights. He holds FINRA Series 7 and 63 securities licenses and is frequently cited by institutional investors for his sector expertise.

    Brandon Reddy's questions to ONEOK INC /NEW/ (OKE) leadership

    Brandon Reddy's questions to ONEOK INC /NEW/ (OKE) leadership • Q3 2024

    Question

    Brandon Reddy from JPMorgan Chase & Co. asked for a breakdown of the drivers behind the stand-alone EBITDA guidance increase and inquired about the reasons for lowered expectations for lateral lengths in the Bakken.

    Answer

    CFO Walter Hulse clarified that the latest $100 million guidance increase was driven by broad strength across ONEOK's base businesses, not asset sales. Sheridan Swords, Executive Vice President, explained the change in lateral length expectations is due to producer-specific drilling plans, with some longer laterals pushed to 2025, but noted this is offset by improved well completion efficiencies.

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