Welcome to our dedicated page for Oge Energy news (Ticker: OGE), a resource for investors and traders seeking the latest updates and insights on Oge Energy stock.
OGE Energy Corp. (NYSE: OGE) is the parent of Oklahoma Gas and Electric Company (OG&E), a regulated electric company that generates, transmits, distributes and sells electric energy to approximately 910,000 customers in Oklahoma and western Arkansas. The OGE news feed highlights how this utility manages its regulated operations, finances large-scale capital projects, and communicates with shareholders.
News coverage for OGE Energy commonly includes quarterly and annual earnings releases, where the company reports consolidated results, segment contributions from OG&E and other operations, and commentary on factors such as weather, fuel costs, and capital recovery. These updates often discuss seasonality in earnings and provide context on how economic conditions in Oklahoma and Arkansas affect electric demand.
Investors also see frequent capital markets and financing announcements, such as underwritten public offerings of common stock and related forward sale agreements. In these releases, OGE Energy explains how equity proceeds are expected to support its multi-year capital expenditure plan, including projects like Horseshoe Lake natural gas combustion turbines and transmission lines such as the Ft. Smith to Muskogee project.
Additional news items cover regulatory decisions and capital plans, including pre-approval by the Oklahoma Corporation Commission for new generation capacity and updates to the company’s capital expenditure forecasts through 2030. Governance and leadership developments, such as board appointments, election of directors at the annual meeting, and officer changes, are also reported, along with regular dividend declarations on OGE Energy’s common stock.
By following this page, readers can review a continuous record of OGE Energy’s earnings, regulatory milestones, financing actions, governance updates, and dividend announcements, all of which shape the outlook for this regulated electric utility holding company.
OGE Energy Corp. (NYSE: OGE) reported second quarter 2024 earnings of $0.51 per diluted share, up from $0.44 in Q2 2023. OG&E, its regulated electric company, contributed $0.54 per share, an increase from $0.46 in the same period last year. The company's net income rose to $102.3 million, compared to $88.4 million in Q2 2023.
The improved performance was attributed to warmer weather and strong load growth. OGE Energy reaffirmed its 2024 consolidated earnings guidance of $2.06 to $2.18 per diluted share, expecting results in the top half of this range due to strong first-half performance. The company serves approximately 902,000 customers in Oklahoma and western Arkansas.
OGE Energy Corp. (NYSE: OGE) announced it will host its second quarter 2024 earnings webcast on August 7, 2024, at 9 a.m. Eastern Time. The webcast will provide a business update and can be accessed through OGE Energy's website.
OGE Energy Corp. is the parent company of OG&E, which serves around 900,000 customers in Oklahoma and western Arkansas.
OGE Energy held its 2024 Annual Meeting of Shareholders on May 16, virtually electing its board of directors and addressing several key items. Chairman, President, and CEO Sean Trauschke highlighted the company's dedication to providing reliable electricity to 900,000 customers. Trauschke emphasized the company's grid hardening efforts and commitment to low rates, contributing to community growth.
Shareholders elected 10 board members, ratified Ernst & Young LLP as principal accountants for 2024, and approved executive compensation. However, a shareholder proposal for a simple majority vote did not pass, receiving only 49% of the outstanding votes.
The board declared a third-quarter dividend of $0.4182 per share, payable on July 26, 2024. The dividend remained unchanged from the previous quarter.
OGE Energy Corp. reported earnings of $0.09 per diluted share in the first quarter of 2024, a decrease from $0.19 per diluted share in the same period in 2023. The company's net income was $18.6 million in Q1 2024. OG&E contributed earnings of $0.12 per diluted share, while other operations resulted in a loss of $0.03 per diluted share. Despite the decrease in net income, the company remains on track to achieve its 2024 targets.
OGE Energy Corp. forecasts earnings of $2.12 per average diluted share for 2024, with OG&E expected to earn $2.22 per average diluted share and the holding company to incur a loss of approximately $0.10 per average diluted share. The company attributes the decrease in net income to higher depreciation and interest expenses on a growing asset base, partially offset by higher operating revenues driven by strong load growth.
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