Why Is Broadcom Stock Falling Thursday?
Broadcom (AVGO) stock drops over 3% premarket as soft Q4 revenue guidance overshadows strong Q3 earnings and solid AI sales.
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ONEOK plans to acquire Brazos Midstream’s Permian Midland Basin assets for $4.425 billion, more than doubling its processing capacity to approximately 2.3 Bcf/d.
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Broadcom (AVGO) stock drops over 3% premarket as soft Q4 revenue guidance overshadows strong Q3 earnings and solid AI sales.
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Read original at benzingaONEOK is acquiring Brazos Midstream's Permian Midland assets for $4.4 billion, funded through a $9 billion minority equity investment from Apollo. The deal will double ONEOK's processing capacity in the Midland Basin, enable $5 billion in debt repayment, and position the company to accelerate dividend growth while maintaining its 30+ year dividend stability record.
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Read original at benzinga