Investors interested in Utility - Electric Power stocks are likely familiar with Pinnacle West (PNW) and OGE Energy (OGE) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estima ...

Our future outlook is based on this lower risk investment strategy, backed by exceptional load growth, a solid financial position, constructive regulatory jurisdictions and consistent executions from our employees. With that, we will open the line for your questions. Question-and-Answer Session Operator [Operator Instructions] And our first question comes from Shahriar Pourreza of Guggenheim Partners. Shahriar Pourreza Congrats, Sean, on the results. Sean Trauschke Thank you. And congrats on the pronunciati ...

Earnings and Net Income - OGE Energy reported earnings of $2.07 per diluted share in 2023, compared to $3.32 per diluted share in 2022, with 2022 earnings including $1.16 per diluted share from natural gas midstream operations that were exited in 2022[1] - OG&E contributed net income of $426.4 million, or $2.12 per diluted share, in 2023, compared to $439.5 million, or $2.19 per diluted share, in 2022, with the decrease primarily due to milder weather, higher depreciation, and increased operation and maintenance expenses[3] - OGE Energy's net income was $416.8 million or $2.07 per diluted share in 2023, compared to $665.7 million, or $3.32 per diluted share, in 2022[5] - For Q4 2023, OGE Energy reported net income of $48.2 million, or $0.24 per diluted share, compared to $50.3 million, or $0.25 per diluted share, in Q4 2022[6] - Net income for 2023 was $426.4 million, down from $439.5 million in 2022, a decrease of 3%[19] Earnings Guidance and Growth Targets - OGE Energy's 2024 consolidated earnings guidance midpoint is $2.12 per average diluted share, with a range of $2.06 to $2.18 per average diluted share[7] - OG&E, the electric company, is forecasted to contribute earnings of $2.22 per average diluted share in 2024, while the holding company is expected to report a loss of $0.10 per average diluted share[7] - OGE Energy targets a consolidated earnings per share growth rate of 5% to 7% annually, supported by strong load growth and investments in lower-risk infrastructure projects[9] Operating Revenues and Expenses - Operating revenues decreased to $2,674.3 million in 2023 from $3,375.7 million in 2022, a decline of 20.8%[19] - Residential operating revenues dropped to $1,040.4 million in 2023 from $1,307.0 million in 2022, a 20.4% decrease[21] - Commercial operating revenues fell to $688.4 million in 2023 from $818.3 million in 2022, a 15.9% decline[21] - Industrial operating revenues decreased to $240.5 million in 2023 from $327.5 million in 2022, a 26.6% drop[21] - Oilfield operating revenues declined to $211.9 million in 2023 from $308.8 million in 2022, a 31.4% decrease[21] - Total MWh sales decreased to 30.5 million in 2023 from 31.1 million in 2022, a 1.9% reduction[21] - Total fuel and purchased power cost per kilowatt-hour decreased to 2.837 cents in 2023 from 5.096 cents in 2022, a 44.3% reduction[21] Other Operations and Losses - Other Operations resulted in a loss of $9.6 million, or $0.05 per diluted share, in 2023, compared to a loss of $5.1 million, or $0.03 per diluted share, in 2022, primarily due to higher interest expense[4] Customer and Weather Data - OG&E serves approximately 896,000 customers in Oklahoma and western Arkansas[13] - Number of customers increased to 896,102 in 2023 from 888,759 in 2022, a 0.8% growth[21] - Heating degree days decreased to 3,092 in 2023 from 3,652 in 2022, a 15.3% decline[21] Dividends - OGE Energy declared a Q2 2024 dividend of $0.4182 per common share, payable on April 26, 2024[12]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | For the transition period from _____to_____ | | | | --- | --- | --- | | Exact name of registrants as specified in their charters, address of principal | | | | Commission File Number | executive offices a ...

Sean Trauschke Sean Trauschke OGE Energy Corp. (NYSE:OGE) Q3 2023 Results Conference Call November 2, 2023 9:00 AM ET Company Participants Jason Bailey - Director, IR Sean Trauschke - Chairman, President & CEO Bryan Buckler - CFO Conference Call Participants Nathan Richardson - Barclays Constantine Lednev - Guggenheim Partners Travis Miller - Morningstar Tanner James - Bank of America Alex Mortimer - Mizuho Securities Paul Fremont - Ladenburg Operator Good day, and thank you for standing by. Welcome to the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ | Exact name of registrants as specified in their charters, address of | | | I.R.S. Employer Identification | | --- | --- | --- | --- | | Commission Fil ...

OGHE® We Energize Life Q2 2023 Earnings & Business Update Conference Call August 9, 2023 Safe Harbor Some of the matters discussed in this news 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 expression ...

OGE Energy Corp. (NYSE:OGE) Q2 2023 Earnings Conference Call August 9, 2023 9:00 AM ET Company Participants Jason Bailey - Director of Investor Relations Sean Trauschke - Chairman, President and CEO Bryan Buckler - CFO Conference Call Participants Good day and welcome to the Q2 2023 OGE Energy Corp Earnings Conference Call [Operator Instructions]. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Mr. Jason Bailey, Director of Inv ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ Exact name of registrants as specified in their charters, address of I.R.S. Employer Commission File Number principal executive offices and registrants' tele ...

Good day, and thank you for standing by. Welcome to the OGE Energy Corp First Quarter 2023 Earnings Conference Call [Operator Instructions]. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Jason Bailey, Director of Investor Relations. Please go ahead, Jason. Jason Bailey Thank you, Hope and good morning, everyone. And welcome to the call. With me today, I have Sean Trauschke, our Chairman, President and CEO; and Bryan Buckler, ...