Oge Energy Stock Price, News & Analysis

OGE Energy Corp. (NYSE: OGE) held its 2025 Annual Meeting of Shareholders virtually, where shareholders elected 10 members to the board of directors for one-year terms. CEO Sean Trauschke highlighted the company's strong 2024 performance, emphasizing improved reliability and economic growth in their service areas. The company maintains its focus on providing reliable electricity at competitive rates.

Shareholders approved the appointment of Ernst & Young LLP as independent accountants and endorsed executive compensation. However, they did not approve the amendment to eliminate supermajority voting provisions. The board declared a quarterly dividend of $0.42125 per share, payable July 25, 2025, to shareholders of record July 7, 2025, maintaining the previous quarter's level.

OGE Energy Corp reported strong Q1 2025 results with earnings of $0.31 per diluted share, up from $0.09 in Q1 2024. The company's regulated electric subsidiary, Oklahoma Gas and Electric Company (OG&E), contributed $0.35 per share, a significant increase from $0.12 in the previous year.

Net income reached $62.7 million, driven by higher operating revenues from capital investments and strong load growth. OG&E's customer base grew to 908,851, with system sales increasing across residential, commercial, and industrial sectors. Operating revenues rose to $747.7 million from $596.8 million year-over-year.

The company maintained its 2025 consolidated earnings guidance at $2.27 per diluted share, with a range of $2.21 to $2.33. Key performance improvements included lower operation and maintenance expenses, though these were partially offset by higher depreciation and interest expenses.

OGE Energy Corp (NYSE: OGE) has announced its upcoming first quarter 2025 earnings and business update conference call, scheduled for Wednesday, April 30, 2025 at 9 a.m. Eastern Time (8 a.m. Central Time). The webcast, hosted by Notified, will be accessible through the company's website at www.oge.com.

OGE Energy Corp is the parent company of OG&E, a regulated electric utility serving approximately 907,000 customers across Oklahoma and western Arkansas.

OGE Energy Corp. (NYSE: OGE) reported earnings of $2.19 per diluted share in 2024, up from $2.07 in 2023. Its regulated electric subsidiary, OG&E, contributed $2.33 per share, an increase from $2.12 in 2023. The company's net income rose to $441.5 million in 2024 from $416.8 million in 2023.

The improved performance was primarily driven by exceptional load growth and higher operating revenues from capital investment recovery, though partially offset by increased depreciation and interest expenses. For Q4 2024, OGE reported net income of $101.9 million ($0.50 per share), up from $48.2 million ($0.24 per share) in Q4 2023.

Looking ahead to 2025, OGE provided earnings guidance of $2.21 to $2.33 per share, with a midpoint of $2.27. The company expects 5-7% annual consolidated earnings growth from 2025's midpoint. The Board approved a Q2 2025 dividend of $0.42125 per share, payable April 25, 2025.

OGE Energy Corp. (NYSE: OGE) has announced its upcoming quarterly earnings and business update conference call, scheduled for Wednesday, February 19, 2025, at 9 a.m. Eastern Time (8 a.m. Central Time). The webcast, hosted by Notified, will be accessible through the company's website at www.oge.com. OGE Energy Corp. operates through its subsidiary OG&E, a regulated electric utility serving approximately 905,000 customers across Oklahoma and western Arkansas.

OGE Energy Corp (NYSE: OGE) has appointed Charles Walworth as Chief Financial Officer and Treasurer, effective December 4, 2024. Walworth brings 25 years of experience with the company in various finance roles. The company's Board of Directors has also declared a first quarter dividend of $0.42125 per common share, payable on January 31, 2025, to shareholders of record on January 6, 2025.

OGE Energy Corp. (NYSE: OGE) reported third quarter 2024 earnings of $1.09 per diluted share, down from $1.20 in Q3 2023. The company's regulated electric subsidiary, OG&E, contributed $1.12 per share, compared to $1.22 in the same period last year. The decrease was primarily due to higher depreciation, interest expense, and operational costs, partially offset by robust load growth. Despite milder weather, strong normalized energy demand and customer growth delivered solid results. The company expects 2024 consolidated earnings at the top of its guidance range of $2.06 to $2.18 per diluted share, driven by strong load growth and warmer than normal weather.

OGE Energy Corp. (NYSE: OGE) has announced its upcoming third quarter 2024 earnings webcast and conference call, scheduled for Tuesday, November 5, 2024, at 9 a.m. Eastern Time (8 a.m. Central Time). The event will be accessible via webcast on the company's website at www.oge.com. The webcast is being facilitated by Notified.

OGE Energy Corp. is the parent company of OG&E, a regulated electric utility serving approximately 902,000 customers across Oklahoma and western Arkansas. This quarterly update provides an opportunity for stakeholders to gain insights into the company's financial performance and business developments for the third quarter of 2024.

OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company, has announced that its Board of Directors has approved a fourth quarter dividend of $0.42125 per common share of stock. The dividend will be paid on October 25, 2024, to shareholders of record on October 7, 2024. This announcement reflects the company's commitment to providing regular returns to its shareholders.