OGE Energy (OGE) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 40.91%. A quarter ago, it was expected that this energy services company would post earnings of $0.48 per share when it actually produced earnings of $0.51, delivering a surprise of 6.25%.Over the last four quarters, the ...

Financial Data and Key Metrics Changes - Consolidated earnings for Q1 2025 were reported at $0.31 per diluted share, an increase from $0.09 per share in Q1 2024 [14] - The electric company achieved net income of $71 million or $0.35 per diluted share, compared to $25 million or $0.12 per share in the same period of 2024 [14] - The holding company reported a loss of $8 million or $0.04 per diluted share, compared to a loss of $7 million or $0.03 per share in Q1 2024 [14] - The company affirmed its 2025 earnings per share guidance of $2.27 within a range of $2.21 to $2.33 per share [14][21] Business Line Data and Key Metrics Changes - Customer growth was at 1% year-over-year, with demand growing by 8%, primarily driven by residential and commercial sectors [6][15] - Residential load growth was reported at 3%, while commercial load growth was at 28% [15] - Industrial and oilfield classes experienced some softness due to planned and unplanned outages [16] Market Data and Key Metrics Changes - The company noted that its rates are among the lowest in the nation, with the lowest rates in both Oklahoma and Arkansas [8] - The company is experiencing strong demand growth in Oklahoma and Arkansas, supported by economic development efforts [6][17] Company Strategy and Development Direction - The company is focused on delivering safe, reliable, and affordable electric service while investing in grid reliability and resilience [5][10] - Future investments will include regulatory filings for rate reviews and generation capacity to meet planning margin requirements [10][19] - The company is pursuing a diversified supply base to limit exposure to tariff impacts and ensure project continuity [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong financial position and operational excellence, despite macroeconomic uncertainties [12][21] - The company is optimistic about future load growth driven by economic development and customer expansion [6][17] - Management highlighted the importance of maintaining low rates for customers to support economic development [8][21] Other Important Information - The company has secured key components like transformers and wire through 2026, ensuring minimal disruptions to planned projects [11] - The company is actively pursuing legislative and regulatory improvements to enhance credit and support future investments [19] Q&A Session Summary Question: Are there any disruptive or inflationary impacts on the current CapEx plan? - Management feels confident about the current CapEx plan and expects little to no disruption in the coming years [27] Question: What is the outlook for industrial load growth? - Management indicated that the lower growth in the industrial segment is due to transitory events like outages and maintenance, with no external impacts expected [29] Question: Are there any discussions around regulatory improvements in Oklahoma? - Management confirmed ongoing discussions about pursuing formula rate improvements, but noted that significant changes are not expected this year [32] Question: How would the generation rider impact financing plans? - The generation rider would provide cash flow during construction phases, enhancing financing capabilities for incremental CapEx [40][42] Question: Is there any impact from the Supreme Court decision on serving large load customers? - Management confirmed that the Supreme Court ruling does not affect the ability to serve large load customers [46] Question: How is the demand narrative for data centers evolving? - Management reported ongoing discussions with several data center companies, indicating strong demand remains [52] Question: What is the company's strategy regarding Moody's credit rating? - Management emphasized that while they are targeting a 17% FFO to debt ratio, they believe ongoing improvements and regulatory actions could positively influence their credit rating [56]

OGE Energy (OGE) Q1 2025 Earnings Call April 30, 2025 09:00 AM ET Company Participants Jason Bailey - Director of Investor RelationsSean Trauschke - Chairman, President & CEOCharles Walworth - CFO & TreasurerConstantine Lednev - Vice President - Equity ResearchNicholas Campanella - DirectorDurgesh Chopra - Managing DirectorStephen D'Ambrisi - Managing DirectorAnthony Crowdell - Managing Director Conference Call Participants Julien Dumoulin-Smith - II-Ranked & 'Hall of Fame' Research Analyst covering Power, ...

April 30, 2025 Safe Harbor Some of the matters in this presentation 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 from those expressed in forward looking statements. ...

Core Viewpoint - OGE Energy Corp. reported significant growth in earnings for the first quarter of 2025, driven by increased customer demand and operational efficiencies, indicating a positive outlook for the company as it continues to expand its services in Oklahoma and Arkansas [2][4]. Financial Performance - OGE Energy Corp. achieved earnings of $0.31 per diluted share in Q1 2025, up from $0.09 per diluted share in Q1 2024 [1][3]. - The net income for OG&E was $71.0 million, or $0.35 per diluted share, compared to $25.2 million, or $0.12 per diluted share, in the same period last year [2][12]. - The overall net income for OGE Energy was $62.7 million, reflecting a substantial increase from $18.6 million in Q1 2024 [3][12]. Revenue and Expenses - Operating revenues for OGE Energy Corp. reached $747.7 million in Q1 2025, compared to $596.8 million in Q1 2024, marking a significant increase [11][12]. - Fuel, purchased power, and direct transmission expenses rose to $324.0 million from $232.2 million year-over-year [11][12]. - Operating expenses remained relatively stable at $290.4 million, slightly down from $290.6 million in the previous year [11][12]. Outlook - The company maintains its 2025 consolidated earnings guidance at $2.27 per average diluted share, with a range of $2.21 to $2.33, assuming normal weather conditions for the remainder of the year [4][5]. - OGE Energy's earnings are subject to significant seasonality due to weather variations [4]. Customer Base and Market Position - OGE Energy Corp. serves approximately 909,000 customers in Oklahoma and western Arkansas, indicating a stable and growing customer base [6].

Exhibit 99.01 2025 Outlook OGE Energy's 2025 consolidated earnings guidance remains unchanged and is projected to be $2.27 per average diluted share, within a range of $2.21 to $ 2.33 per average diluted share. The guidance assumes, among other things, approximately 202.1 million average diluted shares outstanding and 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 2024 Form 10-K for other key factors a ...

[Part I - FINANCIAL INFORMATION](index=6&type=section&id=Part%20I%20-%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements (Unaudited)](index=6&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements for OGE Energy Corp. and Oklahoma Gas and Electric Company (OG&E) for the three months ended March 31, 2025, including income statements, balance sheets, cash flow statements, and statements of stockholders' equity, along with combined notes detailing significant accounting policies, revenue recognition, debt, and regulatory matters [OGE Energy Corp. Condensed Consolidated Financial Statements](index=6&type=section&id=OGE%20Energy%20Corp.%20Condensed%20Consolidated%20Financial%20Statements) For the three months ended March 31, 2025, OGE Energy Corp. reported a significant increase in net income to $62.7 million from $18.6 million in the prior year period, driven by a 25.3% rise in operating revenues, though net cash from operating activities decreased substantially from $83.0 million to $15.9 million year-over-year OGE Energy Corp. Condensed Consolidated Statement of Income (Q1 2025 vs Q1 2024) | Metric | Q1 2025 (In millions) | Q1 2024 (In millions) | Change (%) | | :--- | :--- | :--- | :--- | | **Operating Revenues** | $747.7 | $596.8 | 25.3% | | **Operating Income** | $133.3 | $74.0 | 80.1% | | **Net Income** | $62.7 | $18.6 | 237.1% | | **Diluted EPS** | $0.31 | $0.09 | 244.4% | OGE Energy Corp. Condensed Consolidated Statement of Cash Flows (Q1 2025 vs Q1 2024) | Metric | Q1 2025 (In millions) | Q1 2024 (In millions) | | :--- | :--- | :--- | | Net cash provided from operating activities | $15.9 | $83.0 | | Net cash used in investing activities | $(263.7) | $(243.5) | | Net cash provided from financing activities | $274.1 | $164.6 | OGE Energy Corp. Condensed Consolidated Balance Sheet Highlights | Metric | March 31, 2025 (In millions) | Dec 31, 2024 (In millions) | | :--- | :--- | :--- | | Total Current Assets | $1,008.8 | $895.1 | | Net Property, Plant and Equipment | $12,213.2 | $12,086.6 | | **Total Assets** | **$13,953.2** | **$13,716.0** | | Total Current Liabilities | $1,382.6 | $1,229.8 | | Long-Term Debt | $5,121.8 | $5,020.9 | | **Total Liabilities** | **$9,337.5** | **$9,075.1** | | **Total Stockholders' Equity** | **$4,615.7** | **$4,640.9** | [Oklahoma Gas and Electric Company Condensed Financial Statements](index=12&type=section&id=Oklahoma%20Gas%20and%20Electric%20Company%20Condensed%20Financial%20Statements) Oklahoma Gas and Electric Company (OG&E) saw its net income rise to $71.0 million for the first quarter of 2025, a substantial increase from $25.2 million in the same period of 2024, with operating revenues growing to $747.7 million, though net cash from operating activities declined significantly year-over-year OG&E Condensed Statement of Income (Q1 2025 vs Q1 2024) | Metric | Q1 2025 (In millions) | Q1 2024 (In millions) | Change (%) | | :--- | :--- | :--- | :--- | | **Operating Revenues** | $747.7 | $596.8 | 25.3% | | **Operating Income** | $133.3 | $74.0 | 80.1% | | **Net Income** | $71.0 | $25.2 | 181.7% | OG&E Condensed Statement of Cash Flows (Q1 2025 vs Q1 2024) | Metric | Q1 2025 (In millions) | Q1 2024 (In millions) | | :--- | :--- | :--- | | Net cash provided from operating activities | $46.7 | $124.6 | | Net cash used in investing activities | $(263.4) | $(243.1) | | Net cash provided from financing activities | $241.3 | $122.6 | [Combined Notes to Condensed Financial Statements](index=17&type=section&id=Combined%20Notes%20to%20Condensed%20Financial%20Statements) The notes detail key accounting policies, including the significant role of regulatory assets and liabilities in OG&E's financial reporting, highlight the finalization of the 2023 Oklahoma General Rate Review resulting in a $126.7 million annual revenue increase, and disclose the issuance of $350.0 million in senior notes and an ongoing lawsuit seeking over $60.0 million in damages OG&E Revenues from Contracts with Customers by Classification (Q1) | Customer Classification | Q1 2025 (In millions) | Q1 2024 (In millions) | | :--- | :--- | :--- | | Residential | $283.6 | $221.4 | | Commercial | $206.6 | $148.8 | | Industrial | $61.6 | $53.0 | | Oilfield | $59.4 | $49.7 | | Public authorities and street light | $60.5 | $51.0 | - On April 1, 2025, OG&E issued **$350.0 million** of **5.80%** senior notes due 2055 to repay short-term debt and fund its capital investment program[85](index=85&type=chunk) - OG&E is a defendant in a lawsuit seeking over **$60.0 million** in damages related to a fire at an apartment building. The company disputes the claims and believes its insurance policies will cover costs in excess of a non-material retention amount[105](index=105&type=chunk)[106](index=106&type=chunk) - The 2023 Oklahoma General Rate Review was finalized, resulting in an annual revenue requirement increase of **$126.7 million**. The settlement also approved the current **9.5%** return on equity and a capital structure with **53.50%** common equity[108](index=108&type=chunk)[109](index=109&type=chunk)[110](index=110&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=31&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the significant increase in Q1 2025 net income to higher operating revenues at OG&E, driven by capital investment recovery and load growth, alongside lower operation and maintenance expenses, while reaffirming its 2025 consolidated earnings guidance and noting Moody's revision of its ratings outlook to negative due to capital expenditure plans and higher debt levels - OGE Energy's Q1 2025 net income increased to **$62.7 million** (**$0.31/share**) from **$18.6 million** (**$0.09/share**) in Q1 2024. The increase was primarily driven by a **$45.8 million** rise in net income at OG&E due to higher revenues from capital recovery and load growth, and lower O&M expenses[127](index=127&type=chunk) - The company's 2025 consolidated earnings guidance remains unchanged at **$447 million** to **$471 million**, or **$2.21** to **$2.33** per average diluted share[128](index=128&type=chunk) Drivers of OG&E Operating Revenue Increase (Q1 2025 vs Q1 2024) | Driver | Change (In millions) | | :--- | :--- | | Fuel, purchased power and direct transmission expense (recoverable) | $91.8 | | Price variance (includes weather) | $37.1 | | Quantity impacts (includes weather) | $11.6 | | Non-residential demand and related revenues | $5.4 | | New customer growth | $4.2 | | **Total Change in Operating Revenues** | **$150.9** | - On April 14, 2025, Moody's Investors Service revised its ratings outlook on both OGE Energy and OG&E from **stable to negative**, citing pressure from OG&E's capital expenditure plan and higher debt levels at the holding company[160](index=160&type=chunk) - OG&E estimates the cost of compliance with the EPA's Good Neighbor FIP could be approximately **$2.4 billion** to **$2.8 billion** in total, though the rule is currently stayed and subject to litigation and reconsideration by the EPA[171](index=171&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=44&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section states that there have been no significant changes in the market risks affecting the Registrants since the disclosures made in their 2024 Form 10-K - There have been no significant changes in the market risks affecting the Registrants from those discussed in the 2024 Form 10-K[194](index=194&type=chunk) [Controls and Procedures](index=44&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that the Registrants' disclosure controls and procedures were effective as of the end of the period covered by this report, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO have concluded that the Registrants' disclosure controls and procedures are effective as of March 31, 2025[195](index=195&type=chunk)[196](index=196&type=chunk) - No material changes in internal control over financial reporting occurred during the most recently completed fiscal quarter[197](index=197&type=chunk) [Part II - OTHER INFORMATION](index=46&type=section&id=Part%20II%20-%20OTHER%20INFORMATION) [Legal Proceedings](index=46&type=section&id=Item%201.%20Legal%20Proceedings) This section reports no new significant legal cases against the Registrants and no material changes in previously reported proceedings, referencing the details provided in Notes 12 and 13 of the financial statements - There are no new significant legal cases to report, and no material changes have occurred in previously reported proceedings[198](index=198&type=chunk) [Risk Factors](index=46&type=section&id=Item%201A.%20Risk%20Factors) The company states that there have been no significant changes to its risk factors from those disclosed in its 2024 Form 10-K - There have been no significant changes in the Registrants' risk factors from those discussed in the 2024 Form 10-K[199](index=199&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=46&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities during the period - None reported[200](index=200&type=chunk) [Other Information](index=46&type=section&id=Item%205.%20Other%20Information) The company disclosed that no director or officer adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the first quarter of 2025 - No director or officer of the Registrants adopted or terminated a Rule 10b5-1 trading arrangement during the three months ended March 31, 2025[201](index=201&type=chunk) [Exhibits](index=46&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including certifications by the CEO and CFO and interactive data files (XBRL) - Lists exhibits filed with the report, including Sarbanes-Oxley certifications and XBRL data files[202](index=202&type=chunk)

Core Points - OGE Energy Corp. will hold its quarterly earnings and business update conference call on April 30, 2025, at 9 a.m. Eastern Time [1] - The conference call will be accessible via webcast on OGE Energy's official website [1] - OGE Energy Corp. is the parent company of OG&E, which serves approximately 907,000 customers in Oklahoma and western Arkansas [1]

Core Viewpoint - OGE Energy Corp. presents a strong investment opportunity in the Zacks Utility Electric Power industry due to rising earnings estimates, strategic investments, effective debt management, and a solid dividend history [1] OGE's Growth Projections - The Zacks Consensus Estimate for OGE Energy's 2025 earnings per share (EPS) has increased by 0.4% to $2.27 per share over the past 60 days [2] - The Zacks Consensus Estimate for OGE's 2025 revenues is projected at $3.01 billion, reflecting a growth of 0.8% from the 2024 reported figure [2] - The company's long-term earnings growth rate is estimated at 6.1% over the next three to five years [2] Debt Position of OGE - OGE's total debt to capital ratio stands at 54.34%, which is better than the industry's average of 60.82% [3] - The times interest earned (TIE) ratio for OGE at the end of Q4 2024 was 2.9, indicating the company can comfortably meet its interest payment obligations [3] Dividend History of OGE - OGE Energy has consistently increased shareholder value through dividends, currently paying a quarterly dividend of 42.125 cents per share, leading to an annualized dividend of $1.685 [4] - The current dividend yield for OGE is 3.8%, significantly higher than the Zacks S&P 500 Composite's average of 1.27% [4] OGE's Systematic Investments - OGE Energy plans to invest $6.25 billion in infrastructure from 2025 to 2029 to enhance the safety, resiliency, and reliability of its distribution and transmission grids, as well as its generation fleet [5] OGE Stock Price Performance - Over the past three months, OGE shares have increased by 7.4%, outperforming the industry's growth of 2.8% [6]

Company Overview - OGE Energy shares have increased by approximately 2.7% over the past month, outperforming the S&P 500 [1] - The consensus estimate for OGE Energy has shifted downward by 30.95% in the past month [2] Performance Metrics - OGE Energy has an average Growth Score of C, a Momentum Score of D, and a Value Score of C, placing it in the middle 20% for the value investment strategy [3] - The overall aggregate VGM Score for OGE Energy is D, indicating a need for attention across multiple investment strategies [3] Outlook - The estimates for OGE Energy have been trending downward, suggesting a negative shift in expectations [4] - Despite the downward revisions, OGE Energy holds a Zacks Rank of 2 (Buy), indicating an expectation of above-average returns in the coming months [4] Industry Comparison - OGE Energy is part of the Zacks Utility - Electric Power industry, where PG&E has gained 9.1% over the past month [5] - PG&E reported revenues of $6.63 billion for the last quarter, reflecting a year-over-year decline of 5.8% [5] - PG&E's expected earnings for the current quarter are $0.40 per share, representing a year-over-year increase of 8.1% [6]