OGE Energy (OGE) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -74.29%. A quarter ago, it was expected that this energy services company would post earnings of $0.22 per share when it actually produced earnings of $0.24, delivering a surprise of 9.09%.Over the last four quarters, th ...

Exhibit 99.01 OGE Energy Corp. reports first 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 $0.09 per diluted share during the three months that ended March 31, 2024, compared to $0.19 per diluted share in the same period 2023. "A solid start to the year has us on pace to achieve our 2024 targets" said Sean Trauschke, Chairman, President and CEO of OGE Energy Corp. "Our relentless focus on afford ...

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 March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to_____ Commission File Number Exact name of registrants as specified in their charters, address of principal executive offices and registrants' telephone number I. ...

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 ...

OGE Energy Corp (NYSE:OGE) Q4 2023 Earnings Call Transcript February 21, 2024 9:00 AM ET Company Participants Jason Bailey - Director of Investor Relations Sean Trauschke - Chairman, President & CEO Bryan Buckler - Chief Financial Officer Conference Call Participants Shahriar Pourreza - Guggenheim Partners Nicholas Campanella - Barclays Durgesh Chopra - Evercore ISI Julie Dumoulin-Smith - Bank of America Anthony Crowdell - Mizuho Paul Fremont - Ladenburg Thalman & Company Travis Miller - Morningstar Aditya ...

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 ...

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 OGE Energy Corp. Third Quarter ...

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 ...