OGE Energy (US:OGE)2025-10-28 21:38Earnings Performance - OGE Energy Corp. reported earnings of $1.14 per diluted share for Q3 2025, up from $1.09 per diluted share in Q3 2024, reflecting a 4.6% increase[2] - OG&E contributed net income of $242.9 million, or $1.20 per diluted share, in Q3 2025, compared to $225.0 million, or $1.12 per diluted share, in the same period of 2024, marking a 7.6% increase in net income[3] - The company reported a net income of $231.3 million for Q3 2025, compared to $218.7 million in Q3 2024, which is a 5.9% increase[4] - OGE Energy's operating income for Q3 2025 was $341.3 million, up from $313.2 million in Q3 2024, indicating a growth of 9.0%[11] Revenue Growth - Total operating revenues for Q3 2025 were $1,045.0 million, an increase of 8.3% from $965.4 million in Q3 2024[11] - System sales revenues for the nine months ended September 30, 2025, were $2,312.6 million, up 11.2% from $2,079.2 million in the same period of 2024[14] - Commercial operating revenues grew to $319.1 million in Q3 2025, a 10.4% increase from $288.8 million in Q3 2024[14] - Integrated market revenues increased to $23.6 million in Q3 2025, compared to $19.2 million in Q3 2024[14] - Public authorities and street light revenues were $87.7 million in Q3 2025, slightly up from $86.8 million in Q3 2024[14] Expenses and Costs - Fuel, purchased power, and direct transmission expenses rose to $388.5 million in Q3 2025, compared to $350.1 million in Q3 2024, reflecting an increase of 11.0%[11] - Interest expense increased to $69.6 million in Q3 2025 from $64.2 million in Q3 2024, representing an increase of 5.3%[11] - Weighted-average cost of natural gas increased to 3.190 cents per kilowatt-hour in Q3 2025, compared to 2.142 cents in Q3 2024[14] - Total fuel and purchased power costs rose to 3.732 cents per kilowatt-hour in Q3 2025, up from 3.448 cents in Q3 2024[14] Customer Metrics - The number of customers remained stable at 910,464, compared to 904,900 in the previous year[14] - MWh sales for residential customers were 3.1 million in Q3 2025, slightly down from 3.2 million in Q3 2024[14] Future Outlook - OGE Energy's 2025 consolidated earnings guidance remains projected to be in the top half of the range of $2.21 to $2.33 per average diluted share[5] - The company is constructing approximately 550 MW of new natural gas turbines to address growing energy needs[3] Losses - Other Operations reported a loss of $11.6 million, or $0.06 per share, in Q3 2025, compared to a loss of $6.3 million, or $0.03 per diluted share, in Q3 2024, indicating a worsening of 84.1% in net loss[4]