Oge Energy Stock Price, News & Analysis

OGE Energy Corp. (NYSE: OGE) will host a quarterly conference call on May 4, 2023, at 9 a.m. Eastern Time to discuss its first quarter 2023 results. The call will be webcast and available on OGE Energy's website. OGE is the parent company of OG&E, serving about 889,000 customers in Oklahoma and western Arkansas.

OGE Energy Corp. (NYSE: OGE) reported 2022 earnings of $3.32 per diluted share, down from $3.68 in 2021. OG&E contributed $2.19 per diluted share, up from $1.80, while Natural Gas Midstream Operations saw a decline from $1.92 to $1.16. The company attributed the increase in OG&E's earnings to higher operating revenues, partly offset by increased expenses. Fourth quarter earnings were $0.25 per diluted share, significantly lower than $1.59 in the same quarter of the previous year, primarily due to a large gain related to the Enable merger in 2021. For 2023, OGE projects earnings of $2.00 per share, with a dividend of $0.4141 declared for April 28, 2023.

OGE Energy Corp. (NYSE: OGE) will conduct a quarterly conference call on February 23, 2023, at 9 a.m. Eastern Time to discuss fourth quarter 2022 results. The call will be available via webcast on OGE's official website, www.ogeenergy.com. OGE Energy serves approximately 887,000 customers in Oklahoma and western Arkansas.

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.