Financial Data and Key Metrics Changes - The company reported consolidated earnings of $0.51 per share for Q2 2024, an increase from $0.44 per share in Q2 2023 [4][10] - Net income for the electric company was $109 million or $0.54 per diluted share, compared to $92 million or $0.46 per share in the same period last year [10][11] - The increase in net income was primarily driven by exceptional load growth and warmer than normal weather [11] Business Line Data and Key Metrics Changes - Weather normalized demand for electricity increased by 5.8% year-to-date, leading to an increase in full year load growth projection to 4% to 6% [5][12] - Customer count expanded by 1.2% in Q2, contributing to a load growth of 6.7% compared to Q2 2023, marking one of the largest year-over-year growth rates in the company's history [13] Market Data and Key Metrics Changes - The company noted that its rates were 40% below the national average, contributing to its attractiveness for new industries, including data centers [6][8] - Oklahoma City was recognized as the fifth hottest job market, indicating a favorable economic environment for growth [9] Company Strategy and Development Direction - The company plans to incrementally layer in generation capacity through new generation, continued plant upgrades, and energy efficiency programs [7] - The focus remains on maintaining low rates to attract new customers, which supports revenue growth and technology expansion [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the top half of the EPS guidance range for 2024 due to strong load growth and operational performance [14][15] - The company is committed to a consistent cadence of rate activity to recover investments and improve reliability [23] Other Important Information - The company anticipates a final order regarding the Oklahoma rate review in the coming months, which includes benefits for customers [6] - The company plans to access the debt capital markets for $350 million in Q3 to fund its capital investment plan [14] Q&A Session Summary Question: Are you seeing any strong July, August weather component? - Management indicated that while July and August are typically high, they are managing for the long-term and are confident in their position for the year [17] Question: Are you pulling some O&M forward due to strong performance? - Management confirmed that 2024 is in excellent shape, and while there may be some flexibility in O&M for 2025, they are focused on long-term fundamentals [19] Question: How are higher load growth expectations affecting generation RFPs? - Management stated that the load growth is anticipated and does not change their direction regarding existing generation RFPs [21] Question: What is the status of discussions with data centers? - Management noted that they have several discussions ongoing but emphasized that current growth does not include data center work [27] Question: What are your thoughts on a formula rate or PBR framework for next year? - Management confirmed they will continue to pursue a formula rate mechanism in both states [29] Question: What is the biggest hurdle to connecting large loads? - Management identified supply chain lead times and ensuring access capabilities as key hurdles [42]

OGE Energy (OGE) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -26.09%. A quarter ago, it was expected that this energy services company would post earnings of $0.35 per share when it actually produced earnings of $0.09, delivering a surprise of -74.29%. Over the last four quarters ...

OKLAHOMA CITY, Aug. 7, 2024 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), today reported earnings of $0.51 per diluted share during the three months that ended June 30, 2024, compared to $0.44 per diluted share in the same period 2023. OG&E, a regulated electric company, contributed earnings of $0.54 per diluted share in the second quarter, compared to earnings of $0.46 per diluted share in the second quarter 2023. Other operations, which inc ...

Exhibit 99.01 OGE Energy Corp. reports second quarter 2024 results OKLAHOMA CITY — OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), today reported earnings of $0.51 per diluted share during the three months that ended June 30, 2024, compared to $0.44 per diluted share in the same period 2023. • OG&E, a regulated electric company, contributed earnings of $0.54 per diluted share in the second quarter, compared to earnings of $0.46 per diluted share in the second ...

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, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ | --- | --- | --- | |------------------------|--------------------------------------------------------------------------------------------------------------- ...

This call is being webcast by Notified and can be accessed at OGE Energy's website at www.oge.com. SOURCE OGE Energy Corp. OKLAHOMA CITY , July 9, 2024 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE) will hold its quarterly earnings and business update conference call at 9 a.m. Eastern Time (8 a.m. Central Time), Wednesday, August 7, 2024. OGE Energy Corp. is the parent company of OG&E, a regulated electric company with approximately 900,000 customers, in Oklahoma and western Arkansas. ...

OGE Energy Corp. (NYSE:OGE) is an electric utility that primarily serves the state of Oklahoma. The company also has a small service territory in western Arkansas, along the Oklahoma border: OGE Energy However, we can also see that OGE Energy's stock price has significantly underperformed the S&P 500 Index (SP500) since that date. This is perhaps not surprising, as utility companies tend to experience slower growth than other firms and so rarely generate comparable capable gains. They make up for this throu ...

"Our dedicated team's operational execution and commitment to our customers delivered solid results in 2023," Trauschke said. "Thanks to our continued customer focus and strong operations as we leverage our low rates and drive healthy community growth, we believe the future for OGE Energy is bright. I look forward to what the rest of 2024 brings." Trauschke discussed the company's continued grid hardening efforts delivering improved reliability for customers at the lowest overall rates in Oklahoma and Arkan ...

OGE Energy Corp. (OGE) shares rose 1.5% to reach $35.57 on May 6 following the release of its first-quarter 2024 results.The company reported first-quarter 2024 earnings of 9 cents per share, which lagged the Zacks Consensus Estimate of 35 cents by 74.3%. The figure also declined 52.6% from 19 cents per share recorded in the year-ago quarter.RevenuesOGE’s operating revenues of $596.8 million rose 7.1% from $557.2 million recorded in the prior-year quarter. However, the top line missed the Zacks Consensus Es ...

OGE Energy Corp (NYSE:OGE) Q1 2024 Earnings Conference Call May 1, 2024 9:00 AM ET Company Participants Jason Bailey - Director, IR Sean Trauschke - Chairman, President and CEO Bryan Buckler - CFO Conference Call Participants Constantine Lednev - Guggenheim Partners Durgesh Chopra - Evercore ISI Paul Fremont - Ladenburg Thalmann & Co. Inc. Nicholas Campanella - Barclays Anthony Crowdell - Mizuho Group Operator Good day and thank you for standing by. Welcome to the OGE Energy Corp. 2024 First Quarter Earning ...