OGE Energy Corp. reports second quarter 2025 results
OGE Energy Corp. (NYSE: OGE) reported second quarter 2025 earnings of $0.53 per diluted share, up from $0.51 in Q2 2024. The company's regulated electric utility subsidiary, OG&E, contributed $107.7 million in net income.
Key financial highlights include operating revenues of $741.6 million and total operating income of $186.6 million. The company is maintaining its 2025 consolidated earnings guidance of $2.21 to $2.33 per diluted share, expecting results in the top half of the range due to strong economic growth in Oklahoma and Arkansas.
OGE is expanding its generation capacity with 550 MW of new natural gas combustion turbine projects planned for 2026, and two additional turbines proposed for 2029 completion to meet increasing customer energy demands.
OGE Energy Corp. (NYSE: OGE) ha riportato utili del secondo trimestre 2025 di 0,53 dollari per azione diluita, in aumento rispetto a 0,51 dollari nel Q2 2024. La controllata regolamentata del settore elettrico, OG&E, ha contribuito con un utile netto di 107,7 milioni di dollari.
I principali dati finanziari includono ricavi operativi per 741,6 milioni di dollari e un reddito operativo totale di 186,6 milioni di dollari. L'azienda conferma la previsione di utili consolidati per il 2025 tra 2,21 e 2,33 dollari per azione diluita, prevedendo risultati nella metà superiore dell'intervallo grazie alla forte crescita economica in Oklahoma e Arkansas.
OGE sta ampliando la capacità di generazione con 550 MW di nuovi progetti di turbine a combustione a gas naturale previsti per il 2026, e due turbine aggiuntive proposte per il completamento nel 2029, per soddisfare la crescente domanda energetica dei clienti.
OGE Energy Corp. (NYSE: OGE) reportó ganancias del segundo trimestre de 2025 de
Los aspectos financieros clave incluyen ingresos operativos de $741.6 millones y un ingreso operativo total de $186.6 millones. La empresa mantiene su guía de ganancias consolidadas para 2025 de
OGE está ampliando su capacidad de generación con 550 MW de nuevos proyectos de turbinas de combustión de gas natural planeados para 2026, y dos turbinas adicionales propuestas para completarse en 2029 para satisfacer la creciente demanda energética de los clientes.
OGE Energy Corp. (NYSE: OGE)는 2025년 2분기 희석 주당 순이익이 0.53달러로, 2024년 2분기의 0.51달러에서 증가했다고 발표했습니다. 회사의 규제 전기 유틸리티 자회사인 OG&E는 1억 770만 달러의 순이익을 기여했습니다.
주요 재무 하이라이트로는 운영 수익 7억 4160만 달러와 총 영업 이익 1억 8660만 달러가 포함됩니다. 회사는 오클라호마와 아칸소의 강한 경제 성장으로 인해 2025년 통합 주당 희석 순이익 가이던스를 2.21달러에서 2.33달러 사이로 유지하며, 범위 상위권의 실적을 기대하고 있습니다.
OGE는 고객 에너지 수요 증가에 대응하기 위해 2026년에 550MW 규모의 천연가스 연소 터빈 신설 프로젝트를 계획 중이며, 2029년 완공을 목표로 두 대의 추가 터빈도 제안하고 있습니다.
OGE Energy Corp. (NYSE : OGE) a annoncé un bénéfice au deuxième trimestre 2025 de 0,53 $ par action diluée, en hausse par rapport à 0,51 $ au T2 2024. La filiale réglementée de services publics électriques de la société, OG&E, a contribué un bénéfice net de 107,7 millions de dollars.
Les principaux points financiers comprennent des revenus d'exploitation de 741,6 millions de dollars et un résultat opérationnel total de 186,6 millions de dollars. La société maintient ses prévisions de bénéfices consolidés pour 2025 entre 2,21 et 2,33 $ par action diluée, s'attendant à des résultats dans la moitié supérieure de la fourchette grâce à une forte croissance économique en Oklahoma et en Arkansas.
OGE étend sa capacité de production avec 550 MW de nouveaux projets de turbines à combustion au gaz naturel prévus pour 2026, ainsi que deux turbines supplémentaires proposées pour une mise en service en 2029 afin de répondre à la demande énergétique croissante des clients.
OGE Energy Corp. (NYSE: OGE) meldete für das zweite Quartal 2025 einen Gewinn von 0,53 USD je verwässerter Aktie, gegenüber 0,51 USD im zweiten Quartal 2024. Die regulierte Stromversorgungs-Tochtergesellschaft OG&E trug mit einem Nettogewinn von 107,7 Millionen USD bei.
Zu den wichtigsten finanziellen Kennzahlen zählen betriebliche Erlöse von 741,6 Millionen USD und ein operatives Gesamtergebnis von 186,6 Millionen USD. Das Unternehmen hält seine konsolidierte Gewinnprognose für 2025 von 2,21 bis 2,33 USD je verwässerter Aktie aufrecht und erwartet aufgrund des starken Wirtschaftswachstums in Oklahoma und Arkansas Ergebnisse im oberen Bereich der Spanne.
OGE erweitert seine Erzeugungskapazität mit 550 MW neuen Gasturbinenprojekten, die für 2026 geplant sind, sowie zwei weiteren Turbinen, die für eine Fertigstellung im Jahr 2029 vorgeschlagen werden, um der steigenden Kundennachfrage gerecht zu werden.
- Earnings increased to $0.53 per share from $0.51 year-over-year
- Operating revenues grew to $741.6 million from $662.6 million in Q2 2024
- Customer base expanded to 909,131 from 902,303 year-over-year
- 550 MW of new natural gas generation projects under construction
- Earnings expected in top half of 2025 guidance range
- Higher interest expense of $72.2 million vs $64.9 million in Q2 2024
- OG&E net income decreased to $107.7 million from $109.3 million year-over-year
- Weather impact was milder compared to previous year
- Higher depreciation expense on growing asset base
Insights
OGE Energy's Q2 earnings rose 3.9% to $0.53/share, driven by load growth despite milder weather, with 2025 results tracking toward upper guidance range.
OGE Energy reported
The results reflect resilient operational performance despite headwinds from milder weather conditions. While OG&E experienced a
The earnings data shows encouraging underlying growth metrics:
- Weather-normalized load increased, indicating organic demand growth
- Customer count grew to 909,131, up
0.8% from 902,303 in Q2 2024 - System sales volumes increased
1.3% to 7.9 million MWh - Revenue from system sales rose
11.6% to$664.8 million
The company's cost structure reveals some important shifts: while operation and maintenance expenses decreased slightly, depreciation and interest expenses increased significantly, reflecting OGE's growing asset base and higher borrowing costs. Interest expense grew
Management's confidence in strong economic conditions in their service territories is evident from both their capital expansion plans and earnings guidance. They're constructing 550 MW of natural gas generation for 2026 completion and proposing additional capacity for 2029, signaling expectations of continued demand growth. Importantly, management narrowed guidance to the upper half of their
- OG&E, a regulated electric company, contributed earnings of
$0.53 $0.54 - Other operations diluted earnings per share, which includes the holding company, was flat in the second quarter, compared to a loss of
$0.03
"Given the strong economies in
Second Quarter 2025 results
OG&E contributed net income of
Other Operations resulted in a loss of
OGE Energy's net income was
2025 Outlook
OGE Energy's 2025 consolidated earnings guidance remains projected to be within a range of
Conference Call Webcast
OGE Energy Corp. will host an earnings and business update conference call on Wednesday, July 30, 2025, at 8 a.m. CDT. The conference will be available through the Investor Center at www.oge.com.
Some of the matters discussed in this news release may contain forward-looking statements that are subject to certain risks, uncertainties, and assumptions. Such forward-looking statements are intended to be identified in this document by the words "anticipate," "believe," "estimate," "expect," "forecast," "intend," "objective," "plan," "possible," "potential," "project," "target" and similar expressions. Actual results may vary materially. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: general economic conditions, including the availability of credit, access to existing lines of credit, access to the commercial paper markets, actions of rating agencies and inflation rates, and their impact on capital expenditures; the ability of the Company to access the capital markets and obtain financing on favorable terms, as well as inflation rates and monetary fluctuations; the ability to obtain timely and sufficient rate relief to allow for recovery of items such as capital expenditures, fuel and purchased power costs, operating costs, transmission costs and deferred expenditures; prices and availability of electricity, coal and natural gas; competitive factors, including the extent and timing of the entry of additional competition in the markets served by the Company, potentially through deregulation; the impact on demand for the Company's services resulting from cost-competitive advances in technology, such as distributed electricity generation and customer energy efficiency programs; technological developments, changing markets and other factors that result in competitive disadvantages and create the potential for impairment of existing assets; factors affecting utility operations such as unusual weather conditions; catastrophic weather-related damage; unscheduled generation outages; unusual maintenance or repairs; unanticipated changes to fossil fuel, natural gas or coal supply costs or availability due to higher demand, shortages, transportation problems or other developments; environmental incidents; or electric transmission or gas pipeline system constraints; availability and prices of raw materials and equipment for current and future construction projects; the effect of retroactive pricing of transactions in the SPP markets or adjustments in market pricing mechanisms by the SPP; federal or state legislation and regulatory decisions and initiatives that affect cost and investment recovery, have an impact on rate structures or affect the speed and degree to which competition enters the Company's markets; environmental laws, safety laws or other regulations that may impact the cost of operations, restrict or change the way the Company's facilities are operated or result in stranded assets; the ability of the Company to meet future capacity requirements mandated by the SPP, which could be impacted by future load growth, environmental regulations recently finalized by the EPA, and the availability of resources; changes in accounting standards, rules or guidelines; the discontinuance of accounting principles for certain types of rate-regulated activities; the cost of protecting assets against, or damage due to, terrorism or cyberattacks, including the Company losing control of their assets and potential ransoms, and other catastrophic events; the availability, cost, coverage and terms of insurance; changes in the use, perception or regulation of generative artificial intelligence technologies, which could limit the Company's ability to utilize such technology, create risk of enhanced regulatory scrutiny, generate uncertainty around intellectual property ownership, licensing or use, or which could otherwise result in risk of damage to the Company's business, reputation or financial results; creditworthiness of suppliers, customers and other contractual parties, including large, new customers from emerging industries such as cryptocurrency; social attitudes regarding the electric utility and power industries; identification of suitable investment opportunities to enhance shareholder returns and achieve long-term financial objectives through business acquisitions and divestitures; increased pension and healthcare costs; national and global events that could adversely affect and/or exacerbate macroeconomic conditions, including inflationary pressures, interest rate fluctuations, supply chain disruptions, economic recessions, pandemic health events, tariffs and uncertainty surrounding continued hostilities or sustained military campaigns, and their collateral consequences; costs and other effects of legal and administrative proceedings, settlements, investigations, claims and matters, including, but not limited to those described in the Company's Form 10-Q for the quarter ended June 30, 2025; and other risk factors listed in the reports filed by the Company with the Securities and Exchange Commission, including those listed within the Company's most recent Form 10-K for the year ended December 31, 2024.
OGE ENERGY CORP. | ||||||||
CONDENSED CONSOLIDATED STATEMENTS OF INCOME | ||||||||
(Unaudited) | ||||||||
Three Months Ended | Six Months Ended | |||||||
June 30, | June 30, | |||||||
(In millions, except per share data) | 2025 | 2024 | 2025 | 2024 | ||||
OPERATING REVENUES | ||||||||
Revenues from contracts with customers | $ 719.7 | $ 644.1 | $ 1,460.8 | $ 1,226.7 | ||||
Other revenues | 21.9 | 18.5 | 28.5 | 32.7 | ||||
Operating revenues | 741.6 | 662.6 | 1,489.3 | 1,259.4 | ||||
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE | 261.1 | 193.9 | 585.1 | 426.1 | ||||
OPERATING EXPENSES | ||||||||
Other operation and maintenance | 127.1 | 130.4 | 248.9 | 262.8 | ||||
Depreciation and amortization | 140.6 | 135.5 | 278.0 | 264.7 | ||||
Taxes other than income | 26.2 | 26.9 | 57.4 | 55.9 | ||||
Operating expenses | 293.9 | 292.8 | 584.3 | 583.4 | ||||
OPERATING INCOME | 186.6 | 175.9 | 319.9 | 249.9 | ||||
OTHER INCOME (EXPENSE) | ||||||||
Allowance for equity funds used during construction | 6.0 | 6.6 | 13.0 | 11.3 | ||||
Other net periodic benefit income | (2.9) | 1.6 | (5.5) | 3.3 | ||||
Other income | 17.2 | 8.9 | 24.2 | 13.4 | ||||
Other expense | (5.2) | (6.6) | (9.7) | (11.1) | ||||
Net other income | 15.1 | 10.5 | 22.0 | 16.9 | ||||
INTEREST EXPENSE | ||||||||
Interest on long-term debt | 66.6 | 54.9 | 128.0 | 106.9 | ||||
Allowance for borrowed funds used during construction | (3.7) | (3.4) | (8.2) | (6.8) | ||||
Interest on short-term debt and other interest charges | 9.3 | 13.4 | 19.7 | 25.0 | ||||
Interest expense | 72.2 | 64.9 | 139.5 | 125.1 | ||||
INCOME BEFORE TAXES | 129.5 | 121.5 | 202.4 | 141.7 | ||||
INCOME TAX EXPENSE | 22.0 | 19.2 | 32.2 | 20.8 | ||||
NET INCOME | $ 107.5 | $ 102.3 | $ 170.2 | $ 120.9 | ||||
BASIC AVERAGE COMMON SHARES OUTSTANDING | 201.3 | 200.8 | 201.3 | 200.6 | ||||
DILUTED AVERAGE COMMON SHARES OUTSTANDING | 202.1 | 201.4 | 202.0 | 201.0 | ||||
BASIC EARNINGS PER AVERAGE COMMON SHARE | $ 0.53 | $ 0.51 | $ 0.85 | $ 0.60 | ||||
DILUTED EARNINGS PER AVERAGE COMMON SHARE | $ 0.53 | $ 0.51 | $ 0.84 | $ 0.60 | ||||
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME | ||||||||
(Unaudited) | ||||||||
Three Months Ended | Six Months Ended | |||||||
June 30, | June 30, | |||||||
(In millions) | 2025 | 2024 | 2025 | 2024 | ||||
OPERATING REVENUES | ||||||||
Revenues from contracts with customers | $ 719.7 | $ 644.1 | $ 1,460.8 | $ 1,226.7 | ||||
Other revenues | 21.9 | 18.5 | 28.5 | 32.7 | ||||
Operating revenues | 741.6 | 662.6 | 1,489.3 | 1,259.4 | ||||
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE | 261.1 | 193.9 | 585.1 | 426.1 | ||||
OPERATING EXPENSES | ||||||||
Other operation and maintenance | 126.3 | 130.2 | 248.1 | 262.6 | ||||
Depreciation and amortization | 140.6 | 135.5 | 278.0 | 264.7 | ||||
Taxes other than income | 26.2 | 26.9 | 57.4 | 55.9 | ||||
Operating expenses | 293.1 | 292.6 | 583.5 | 583.2 | ||||
OPERATING INCOME | 187.4 | 176.1 | 320.7 | 250.1 | ||||
OTHER INCOME (EXPENSE) | ||||||||
Allowance for equity funds used during construction | 6.0 | 6.6 | 13.0 | 11.3 | ||||
Other net periodic benefit income | (2.6) | 1.8 | (5.1) | 3.6 | ||||
Other income | 4.1 | 3.2 | 9.4 | 5.2 | ||||
Other expense | (0.5) | (1.4) | (1.4) | (3.3) | ||||
Net other income | 7.0 | 10.2 | 15.9 | 16.8 | ||||
INTEREST EXPENSE | ||||||||
Interest on long-term debt | 60.8 | 51.3 | 116.4 | 102.4 | ||||
Allowance for borrowed funds used during construction | (3.7) | (3.4) | (8.2) | (6.8) | ||||
Interest on short-term debt and other interest charges | 6.3 | 7.0 | 12.0 | 10.7 | ||||
Interest expense | 63.4 | 54.9 | 120.2 | 106.3 | ||||
INCOME BEFORE TAXES | 131.0 | 131.4 | 216.4 | 160.6 | ||||
INCOME TAX EXPENSE | 23.3 | 22.1 | 37.7 | 26.1 | ||||
NET INCOME | $ 107.7 | $ 109.3 | $ 178.7 | $ 134.5 | ||||
Other comprehensive income, net of tax | — | — | — | — | ||||
COMPREHENSIVE INCOME | $ 107.7 | $ 109.3 | $ 178.7 | $ 134.5 | ||||
FINANCIAL AND STATISTICAL DATA | ||||||||
Three Months Ended | Six Months Ended | |||||||
June 30, | June 30, | |||||||
(Dollars in millions) | 2025 | 2024 | 2025 | 2024 | ||||
Operating revenues by classification: | ||||||||
Residential | $ 261.0 | $ 247.2 | $ 548.3 | $ 475.3 | ||||
Commercial | 225.9 | 183.9 | 434.7 | 337.3 | ||||
Industrial | 60.2 | 56.8 | 122.4 | 111.0 | ||||
Oilfield | 53.2 | 48.2 | 112.4 | 98.3 | ||||
Public authorities and street light | 64.5 | 59.5 | 125.3 | 111.8 | ||||
System sales revenues | 664.8 | 595.6 | 1,343.1 | 1,133.7 | ||||
Provision for rate refund | — | — | 3.0 | — | ||||
Integrated market | 26.3 | 17.1 | 47.6 | 32.1 | ||||
Transmission | 42.1 | 42.5 | 81.9 | 78.1 | ||||
Other | 8.4 | 7.4 | 13.7 | 15.5 | ||||
Total operating revenues | $ 741.6 | $ 662.6 | $ 1,489.3 | $ 1,259.4 | ||||
MWh sales by classification (In millions) | ||||||||
Residential | 2.1 | 2.3 | 4.6 | 4.6 | ||||
Commercial | 3.1 | 2.5 | 5.8 | 4.6 | ||||
Industrial | 1.0 | 1.1 | 2.0 | 2.1 | ||||
Oilfield | 1.0 | 1.1 | 2.1 | 2.2 | ||||
Public authorities and street light | 0.7 | 0.8 | 1.4 | 1.5 | ||||
System sales | 7.9 | 7.8 | 15.9 | 15.0 | ||||
Integrated market | 0.2 | 0.2 | 0.4 | 0.4 | ||||
Total sales | 8.1 | 8.0 | 16.3 | 15.4 | ||||
Number of customers | 909,131 | 902,303 | 909,131 | 902,303 | ||||
Weighted-average cost of energy per kilowatt-hour (In cents) | ||||||||
Natural gas | 3.498 | 2.205 | 4.265 | 2.710 | ||||
Coal | 2.761 | 3.247 | 2.751 | 3.172 | ||||
Total fuel | 3.120 | 2.260 | 3.508 | 2.670 | ||||
Total fuel and purchased power | 3.076 | 2.321 | 3.437 | 2.641 | ||||
Degree days (A) | ||||||||
Heating - Actual | 156 | 117 | 2,056 | 1,812 | ||||
Heating - Normal | 250 | 249 | 2,139 | 2,136 | ||||
Cooling - Actual | 579 | 740 | 598 | 752 | ||||
Cooling - Normal | 553 | 553 | 563 | 563 | ||||
(A) Degree days are calculated as follows: The high and low degrees of a particular day are added together and then averaged. If the calculated average is above 65 degrees, then the difference between the calculated average and 65 is expressed as cooling degree days, with each degree of difference equaling one cooling degree day. If the calculated average is below 65 degrees, then the difference between the calculated average and 65 is expressed as heating degree days, with each degree of difference equaling one heating degree day. The daily calculations are then totaled for the particular reporting period. The calculation of heating and cooling degree normal days is based on a 30-year average. |
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SOURCE OGE Energy Corp.
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