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 (OGE) provides essential energy services through its Oklahoma Gas & Electric subsidiary, serving over 900,000 customers across Oklahoma and Arkansas. This news hub offers investors and stakeholders centralized access to official announcements, financial disclosures, and operational developments.
Track critical updates including quarterly earnings reports, regulatory filings, infrastructure investments, and leadership changes. Our curated collection ensures timely access to press releases about grid modernization projects, rate case decisions, and sustainability initiatives impacting this regulated utility operator.
Key focus areas include dividend declarations, service territory expansions, storm recovery efforts, and compliance with regional energy regulations. Bookmark this page for verified updates on OGE's strategic priorities in power generation and distribution infrastructure maintenance.
OGE Energy Corp. (NYSE: OGE) has elected Cathy R. Gates to its board of directors, where she will serve on the compensation and governance committees. Gates, a former assurance partner at Ernst & Young, brings extensive experience from various industries.
The board also declared a first quarter dividend of $0.4141 per common share, payable on January 9, 2023, to shareholders on record as of January 27, 2023. This indicates OGE's commitment to providing returns to its investors.
OGE Energy Corp. reported a net income of $262.8 million, or $1.31 per diluted share, for Q3 2022, up from $252.5 million or $1.26 a year earlier. This increase was driven by higher operating revenues from warmer weather and capital investment recoveries, despite rising income tax and depreciation expenses. OG&E's earnings rose to $1.26 per diluted share, up from $1.12. However, Other Operations faced a loss of $6.4 million, and Natural Gas Midstream Operations saw a decline in earnings to $0.08 per share from $0.15. For 2022, OG&E expects earnings between $2.08 and $2.12 per share.
OGE Energy Corp. (NYSE: OGE) will host a conference call on November 3, 2022, at 9 a.m. ET to discuss its third quarter 2022 financial results. The call can be accessed via webcast on the company's website. OGE Energy is the parent company of OG&E, serving approximately 884,000 customers across Oklahoma and western Arkansas. The earnings call will provide insights into the company's performance, including key metrics and guidance, which are essential for investors monitoring stock performance.
OGE Energy Corp. (NYSE: OGE) announced a fourth quarter dividend of $0.4141 per common share, scheduled for payment on October 28, 2022. Shareholders of record by October 11, 2022 will be eligible for this dividend. The decision reflects the company's continued commitment to delivering shareholder income and demonstrates confidence in its financial stability.
OGE Energy Corp. (NYSE: OGE) reported earnings of $0.36 per diluted share for Q2 2022, down from $0.56 in Q2 2021. OG&E, their electric utility segment, achieved earnings of $0.50 per diluted share, an increase from $0.42 a year prior, driven by higher operating revenues from favorable weather and capital investment recovery. However, the company faced losses from natural gas midstream operations and mark-to-market losses on its investment in Energy Transfer. Despite the decline in overall earnings, OG&E's outlook remains unchanged, projecting earnings between $375 million to $395 million for the year.
OGE Energy Corp. (NYSE: OGE) will host its quarterly conference call on August 4, 2022, at 9 a.m. Eastern Time to discuss the second quarter 2022 results. The call will be available as a webcast on OGE Energy's website. OGE Energy is the parent company of OG&E, serving approximately 882,000 customers in Oklahoma and western Arkansas.
OGE Energy Corp. (NYSE: OGE) held its 2022 Annual Meeting of Shareholders, where key actions included the election of nine board members and the ratification of Ernst & Young LLP as accountants for 2022. CEO Sean Trauschke highlighted the company’s commitment to safety and operational excellence, noting achievements and the completion of the Enable-Energy Transfer merger. Shareholders voted on several financial matters, approving a quarterly dividend of $0.41, unchanged from the previous quarter, payable July 29, 2022. However, a proposal to alter supermajority voting provisions was not approved.
OGE Energy Corp. reported earnings of $1.39 per diluted share for Q1 2022, up from $0.26 in Q1 2021. OGE's electric utility, OG&E, earned $0.19 per share, a rise from $0.06 last year. Natural Gas Midstream Operations saw earnings increase to $1.15 per share due to a $282.3 million unrealized gain on Energy Transfer investments. The company plans to exit this investment, having sold 21.75 million units for $246 million. 2022 earnings guidance remains $375-$395 million.
OGE Energy Corp. (NYSE: OGE) will conduct its quarterly conference call on May 5, 2022, at 9 a.m. ET to discuss the first quarter 2022 results. This call will be accessible via webcast through the company’s website. OGE Energy is the parent of OG&E, serving around 879,000 customers in Oklahoma and western Arkansas.
OGE Energy Corp. reported a significant earnings turnaround for 2021, recording $3.68 per diluted share against a loss of $0.87 per diluted share in 2020. OG&E achieved earnings of $1.80 per diluted share, up from $1.70 in the prior year. Natural Gas Midstream Operations saw net income of $385 million driven by a $1.32 per diluted share gain from the Enable merger. The fourth quarter showed net income of $319 million, attributed heavily to the merger. The company projects 2022 OG&E earnings guidance at $1.92 per diluted share.
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