OGE Energy Corp. (NYSE: OGE) Q2 profit rises, guidance reaffirmed

Rhea-AI Filing Summary

OGE Energy Corp., parent of regulated utility OG&E, reported second-quarter 2026 net income of $116.3 million, or $0.56 per diluted share, up from $107.5 million, or $0.53, a year earlier. OG&E contributed net income of $120.1 million, or $0.58 per diluted share, compared with $107.7 million, or $0.53, in second-quarter 2025, while other operations posted a loss of $3.8 million, or $0.02 per diluted share.

OG&E generated operating revenues of $711.9 million versus $741.6 million a year ago, with higher earnings driven primarily by increased recovery of capital investments and lower interest expense, partially offset by higher operation and maintenance costs. For the six months ended June 30, 2026, OGE Energy’s net income was $166.5 million, or $0.80 per diluted share, compared with $170.2 million, or $0.84, in the same period of 2025. OG&E served 917,157 customers as of June 30, 2026.

OGE Energy reaffirmed its 2026 consolidated earnings guidance of $2.43 per average diluted share, within a range of $2.38 to $2.48, assuming normal weather for the remainder of the year. Management plans an earnings and business update conference call on July 29, 2026, at 8 a.m. CDT, accessible through the Investor Center on its website.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q2 2026 net income: $116.3 million Q2 2026 diluted EPS: $0.56 First-half 2026 net income: $166.5 million +4 more

7 metrics

Q2 2026 net income $116.3 million OGE Energy consolidated net income for the quarter ended June 30, 2026

Q2 2026 diluted EPS $0.56 OGE Energy diluted earnings per share for the quarter ended June 30, 2026

First-half 2026 net income $166.5 million OGE Energy net income for the six months ended June 30, 2026

Q2 2026 OG&E operating revenues $711.9 million OG&E total operating revenues for the quarter ended June 30, 2026

Q2 2026 OG&E net income $120.1 million OG&E net income for the quarter ended June 30, 2026

2026 EPS guidance midpoint $2.43 per average diluted share Projected 2026 consolidated earnings per share with range $2.38–$2.48

Number of customers 917,157 OG&E customers as of June 30, 2026

Key Terms

forward-looking statements, Allowance for borrowed funds used during construction, Other net periodic benefit expense, integrated market, +2 more

6 terms

forward-looking statements regulatory

"Some of the matters discussed in this news release may contain forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Allowance for borrowed funds used during construction financial

"Allowance for borrowed funds used during construction | (3.4)"

Allowance for borrowed funds used during construction is the accounting practice of adding the interest cost of loans taken out to build a long-term asset to the asset’s recorded value instead of expensing that interest immediately. For investors this matters because it boosts reported asset size and can smooth or inflate short-term earnings by turning cash interest payments into a non‑cash capital cost—similar to rolling the cost of building a house into its purchase price rather than treating payments as everyday expenses.

Other net periodic benefit expense financial

"Other net periodic benefit expense | (2.5)"

integrated market financial

"Integrated market | 27.4 | 26.3 | 74.7 | 47.6"

degree days technical

"Degree days are calculated as follows: The high and low degrees of a particular day"

Degree days measure how far and for how long outdoor temperatures differ from a chosen comfort baseline, expressed as heating degree days (when it’s colder than the baseline) or cooling degree days (when it’s warmer). Investors use them as a simple weather-driven proxy for energy demand and sales of temperature-sensitive goods and services; think of them as counting how many extra blankets or fans a region will need during a season.

provision for rate refund financial

"Provision for rate refund | — | — | — | 3.0"

Earnings Snapshot

Q2 2026 net income: $116.3 million · Guidance included

quarter and six months ended June 30, 2026

Q2 2026 net income $116.3 million compared with $107.5 million in second-quarter 2025

Q2 2026 diluted EPS $0.56 compared with $0.53 in second-quarter 2025

Q2 2026 OG&E net income $120.1 million compared with $107.7 million in second-quarter 2025

First-half 2026 net income $166.5 million compared with $170.2 million for the six months ended June 30, 2025

Guidance

2026 consolidated earnings projected at $2.43 per average diluted share within a range of $2.38 to $2.48.

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FAQ

How did OGE (OGE) perform in the second quarter of 2026?

OGE Energy reported second-quarter 2026 net income of $116.3 million, or $0.56 per diluted share, up from $107.5 million, or $0.53, in second-quarter 2025. Results reflect stronger utility earnings and a small loss in other operations.

What were OG&E’s second-quarter 2026 revenues and net income for OGE (OGE)?

OG&E posted second-quarter 2026 operating revenues of $711.9 million and net income of $120.1 million. In second-quarter 2025, operating revenues were $741.6 million and net income was $107.7 million, with the earnings increase driven mainly by higher capital recovery and lower interest expense.

What is OGE (OGE) guiding for full-year 2026 earnings?

OGE Energy reaffirmed 2026 consolidated earnings guidance of $2.43 per average diluted share, within a range of $2.38 to $2.48. The outlook assumes normal weather and is based on factors described in its Form 10-K and other SEC reports.

How did first-half 2026 results compare year over year for OGE (OGE)?

For the six months ended June 30, 2026, OGE Energy reported net income of $166.5 million, or $0.80 per diluted share. This compares with $170.2 million, or $0.84 per diluted share, for the same period in 2025, reflecting slightly lower year-to-date earnings.

How many customers did OG&E serve in 2026 for OGE (OGE)?

OG&E served 917,157 customers as of June 30, 2026, up from 909,131 a year earlier. Customer totals include residential, commercial, industrial, oilfield, and public authority accounts across Oklahoma and western Arkansas.

When will OGE (OGE) hold its Q2 2026 earnings conference call?

OGE Energy scheduled an earnings and business update conference call for July 29, 2026, at 8 a.m. CDT. The webcast will be available through the Investor Center at the company’s website, allowing investors and analysts to hear management’s discussion.

What drove OG&E’s higher net income despite lower revenue for OGE (OGE)?

OG&E’s higher net income in second-quarter 2026 was primarily due to increased recovery of capital investments and lower interest expense, partially offset by higher operation and maintenance expenses. Operating revenues declined to $711.9 million from $741.6 million a year earlier.

00010216350000074145false00010216352026-07-292026-07-290001021635oge:OGEMember2026-07-292026-07-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported)			July 29, 2026
(Commission File Number)	(Exact Name of Registrants as Specified in Their Charters)			(I.R.S. Employer Identification No.)
1-12579	OGE ENERGY CORP.			73-1481638
1-1097	OKLAHOMA GAS AND ELECTRIC COMPANY			73-0382390
Oklahoma
(State or Other Jurisdiction of Incorporation)
321 North Harvey	P.O. Box 321	Oklahoma City	Oklahoma	73101-0321
(Address of Principal Executive Offices)				(Zip Code)

(405) 553-3000

(Registrant's telephone number, including area code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Registrant	Title of each class	Trading Symbol(s)	Name of each exchange on which registered
OGE Energy Corp.	Common Stock	OGE	New York Stock Exchange
Oklahoma Gas and Electric Company	None	N/A	N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

OGE Energy Corp. ("OGE Energy") is the parent company of Oklahoma Gas and Electric Company ("OG&E"), a regulated electric company with approximately 917,000 customers in Oklahoma and western Arkansas.

On July 29, 2026, OGE Energy issued a press release announcing its consolidated financial results for the quarter ended June 30, 2026. A copy of such press release is furnished as Exhibit 99.01 and incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits
Exhibit Number		Description
99.01		Press release dated July 29, 2026, announcing OGE Energy Corp. reports second quarter 2026 results.
104		Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

This combined Current Report on Form 8-K is being furnished separately by OGE Energy and OG&E (Registrants). Information contained herein relating to any individual Registrant has been furnished by such Registrant on its own behalf. No Registrant makes any representation as to information relating to any other Registrant.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	OGE ENERGY CORP.
	OKLAHOMA GAS AND ELECTRIC COMPANY
	(Registrant)
By:	/s/ Sarah R. Stafford
	Sarah R. Stafford
	Controller and Chief Accounting Officer

July 29, 2026

Exhibit 99.01

OGE Energy Corp. reports second quarter 2026 results

OKLAHOMA CITY — OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), today reported earnings of $0.56 per diluted share during the three months that ended June 30, 2026, compared to $0.53 per diluted share in the second quarter 2025.

•OG&E, a regulated electric company, contributed earnings of $0.58 per diluted share in the second quarter, compared to earnings of $0.53 per diluted share in the second quarter 2025.

•Other operations, which includes the holding company, contributed a loss of $0.02 per diluted share compared to breakeven results in the second quarter of 2025.

"Our second-quarter results reflect the strength of our business and the disciplined execution of our team as we advance investments that support reliable, affordable service for customers,” said Sean Trauschke, Chairman, President, and CEO of OGE Energy Corp. “We are making significant progress on initiatives that position OG&E for incremental growth while maintaining a strong focus on protecting existing customers as we prepare to serve new large-load opportunities and support economic development."

Second Quarter 2026 results

OG&E contributed net income of $120.1 million, or $0.58 per diluted share, in the second quarter compared to $107.7 million, or $0.53 per diluted share, in the same period 2025. The increase in net income was primarily due to increased recovery of capital investments and lower interest expense, partially offset by increased operation and maintenance expenses.

Other Operations resulted in a loss of $3.8 million, or $0.02 per diluted share, in the second quarter compared to a loss of $0.2 million, in the same period 2025. The increased loss was primarily due to higher interest expense and a one-time benefit related to legacy midstream operations recognized in 2025, which was partially offset by increased other income.

OGE Energy's net income was $116.3 million or $0.56 per diluted share in the second quarter, compared to earnings of $107.5 million, or $0.53 per diluted share, in the same period 2025.

2026 Outlook

OGE Energy's 2026 consolidated earnings guidance remains unchanged and is projected to be $2.43 per average diluted share, within a range of $2.38 to $2.48 per average diluted share. The guidance assumes, among other things, normal weather for the remainder of the year. OG&E has significant seasonality in its earnings due to weather on a year-over-year basis.

See OGE Energy’s 2025 Form 10-K for other key factors and assumptions underlying its 2026 guidance.

Conference Call Webcast

OGE Energy Corp. will host an earnings and business update conference call on Wednesday, July 29, 2026, 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, adjustments in market pricing mechanisms by the SPP, or allocation of transmission upgrade costs; 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, 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 its 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 industries such as cryptocurrency and data centers; 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, 2026; 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, 2025.

Note: Condensed Consolidated Statements of Income for OGE Energy Corp., Condensed Statements of Income and Comprehensive Income for Oklahoma Gas & Electric Company, and Financial and Statistical Data for Oklahoma Gas & Electric Company attached.

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)		2026				2025				2026				2025
OPERATING REVENUES
Revenues from contracts with customers		$	688.0			$	719.7			$	1,424.7			$	1,460.8
Other revenues			23.9				21.9				39.8				28.5
Operating revenues			711.9				741.6				1,464.5				1,489.3
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE			217.7				261.1				554.4				585.1
OPERATING EXPENSES
Other operation and maintenance			138.7				127.1				275.2				248.9
Depreciation and amortization			138.1				140.6				274.5				278.0
Taxes other than income			25.8				26.2				55.7				57.4
Operating expenses			302.6				293.9				605.4				584.3
OPERATING INCOME			191.6				186.6				304.7				319.9
OTHER INCOME (EXPENSE)
Allowance for equity funds used during construction			7.3				6.0				14.8				13.0
Other net periodic benefit expense			(2.6	)			(2.9	)			(5.2	)			(5.5	)
Other income			15.3				17.2				28.9				24.2
Other expense			(7.1	)			(5.2	)			(19.4	)			(9.7	)
Net other income			12.9				15.1				19.1				22.0
INTEREST EXPENSE
Interest on long-term debt			71.6				66.6				137.9				128.0
Allowance for borrowed funds used during construction			(3.4	)			(3.7	)			(7.0	)			(8.2	)
Interest on short-term debt and other interest charges			(1.5	)			9.3				(4.3	)			19.7
Interest expense			66.7				72.2				126.6				139.5
INCOME BEFORE TAXES			137.8				129.5				197.2				202.4
INCOME TAX EXPENSE			21.5				22.0				30.7				32.2
NET INCOME		$	116.3			$	107.5			$	166.5			$	170.2
BASIC AVERAGE COMMON SHARES OUTSTANDING			206.5				201.3				206.4				201.3
DILUTED AVERAGE COMMON SHARES OUTSTANDING			207.8				202.1				207.5				202.0
BASIC EARNINGS PER AVERAGE COMMON SHARE		$	0.56			$	0.53			$	0.81			$	0.85
DILUTED EARNINGS PER AVERAGE COMMON SHARE		$	0.56			$	0.53			$	0.80			$	0.84

OKLAHOMA GAS AND ELECTRIC COMPANY

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(Unaudited)

		Three Months Ended								Six Months Ended
		June 30,								June 30,
(In millions)		2026				2025				2026				2025
OPERATING REVENUES
Revenues from contracts with customers		$	688.0			$	719.7			$	1,424.7			$	1,460.8
Other revenues			23.9				21.9				39.8				28.5
Operating revenues			711.9				741.6				1,464.5				1,489.3
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE			217.7				261.1				554.4				585.1
OPERATING EXPENSES
Other operation and maintenance			138.6				126.3				275.4				248.1
Depreciation and amortization			138.1				140.6				274.5				278.0
Taxes other than income			25.8				26.2				55.7				57.4
Operating expenses			302.5				293.1				605.6				583.5
OPERATING INCOME			191.7				187.4				304.5				320.7
OTHER INCOME (EXPENSE)
Allowance for equity funds used during construction			7.3				6.0				14.8				13.0
Other net periodic benefit expense			(2.5	)			(2.6	)			(5.0	)			(5.1	)
Other income			6.4				4.1				9.1				9.4
Other expense			(0.6	)			(0.5	)			(1.4	)			(1.4	)
Net other income			10.6				7.0				17.5				15.9
INTEREST EXPENSE
Interest on long-term debt			65.9				60.8				126.5				116.4
Allowance for borrowed funds used during construction			(3.4	)			(3.7	)			(7.0	)			(8.2	)
Interest on short-term debt and other interest charges			(4.1	)			6.3				(11.1	)			12.0
Interest expense			58.4				63.4				108.4				120.2
INCOME BEFORE TAXES			143.9				131.0				213.6				216.4
INCOME TAX EXPENSE			23.8				23.3				35.6				37.7
NET INCOME		$	120.1			$	107.7			$	178.0			$	178.7
Other comprehensive income, net of tax			—				—				—				—
COMPREHENSIVE INCOME		$	120.1			$	107.7			$	178.0			$	178.7

OKLAHOMA GAS AND ELECTRIC COMPANY

FINANCIAL AND STATISTICAL DATA

		Three Months Ended								Six Months Ended
		June 30,								June 30,
(Dollars in millions)		2026				2025				2026				2025
Operating revenues by classification:
Residential		$	261.1			$	261.0			$	521.5			$	548.3
Commercial			215.6				225.9				427.6				434.7
Industrial			56.5				60.2				117.2				122.4
Oilfield			49.3				53.2				107.7				112.4
Public authorities and street light			62.3				64.5				124.2				125.3
System sales revenues			644.8				664.8				1,298.2				1,343.1
Provision for rate refund			—				—				—				3.0
Integrated market			27.4				26.3				74.7				47.6
Transmission			30.5				42.1				71.2				81.9
Other			9.2				8.4				20.4				13.7
Total operating revenues		$	711.9			$	741.6			$	1,464.5			$	1,489.3
MWh sales by classification (In millions)
Residential			2.3				2.1				4.4				4.6
Commercial			3.3				3.1				6.1				5.8
Industrial			1.0				1.0				2.0				2.0
Oilfield			1.1				1.0				2.2				2.1
Public authorities and street light			0.7				0.7				1.4				1.4
System sales			8.4				7.9				16.1				15.9
Integrated market			0.4				0.2				0.7				0.4
Total sales			8.8				8.1				16.8				16.3
Number of customers			917,157				909,131				917,157				909,131
Weighted-average cost of energy per kilowatt-hour (In cents)
Natural gas			3.438				3.498				5.173				4.265
Coal			2.662				2.761				2.620				2.751
Total fuel			3.086				3.120				4.208				3.508
Total fuel and purchased power			2.406				3.076				3.179				3.437
Degree days (A)
Heating - Actual			127				156				1,510				2,056
Heating - Normal			250				250				2,139				2,139
Cooling - Actual			772				579				864				598
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 and weighted on a jurisdictional split.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.01 EX-99.01 637.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 57.5 KB