OGE Energy (US:OGE) Prnewswire·2025-02-19 12:00Core Viewpoint - OGE Energy Corp. reported a strong financial performance for 2024, with increased earnings per share and net income driven by operational execution and customer growth [1][4]. Financial Performance - OGE Energy's net income for 2024 was $441.5 million, or $2.19 per diluted share, compared to $416.8 million, or $2.07 per diluted share in 2023, reflecting a year-over-year increase [4][10]. - OG&E, a subsidiary of OGE Energy, contributed net income of $469.9 million, or $2.33 per diluted share in 2024, up from $426.4 million, or $2.12 per diluted share in 2023 [3][10]. - For the fourth quarter of 2024, OGE Energy reported net income of $101.9 million, or $0.50 per diluted share, compared to $48.2 million, or $0.24 per diluted share in the same period of 2023 [5]. Revenue and Expenses - Operating revenues for OGE Energy in 2024 were $2,985.3 million, an increase from $2,674.3 million in 2023 [15][16]. - The increase in net income was primarily due to exceptional load growth and higher operating revenues, partially offset by increased depreciation, interest expenses, and higher income taxes [3][4]. Future Outlook - OGE Energy's consolidated earnings guidance for 2025 is set at a midpoint of $2.27 per average diluted share, with expectations for annual growth in consolidated earnings per share between 5% and 7% [8][9]. - The company forecasts earnings for OG&E at $2.43 per average diluted share for 2025, while anticipating a loss of $0.16 per average diluted share for the holding company [8]. Dividend Declaration - The Board of Directors approved a second quarter dividend of $0.42125 per common share, to be paid on April 25, 2025, to shareholders of record on April 7, 2025 [11].