OGE Energy Corp. Earnings Recaps
Q1 2026
Apr 30, 2026
OGE Energy shares closed up 2.5% after first-quarter results that were largely in line with expectations, as mild weather weighed on earnings but management reaffirmed full-year guidance and announced new long-term contracts with Google.
Key takeaways
- First-quarter consolidated earnings were $0.24 per share, down from $0.31 a year ago; the electric business net income decreased to $0.28 per share from $0.35, primarily due to mild weather and O&M timing.
- Management reiterated 2026 EPS guidance of $2.43 (range: $2.38–$2.48), assuming normal weather over the remainder of the year.
- New long-term agreements with Google, covering multiple Oklahoma data centers, are expected to be filed soon, providing visibility on future load growth.
- Customer growth remains just under 1% year-over-year, with overall weather-normalized load reported as stable.
- Ongoing capital investment includes commissioning of a new 98 MW gas plant, additional generation and storage projects totaling 1.7 GW, and anticipated regulatory filings for rates and large load tariffs throughout the year.
Q3 2025
Oct 29, 2025
OGE Energy Corp. delivered solid performance in Q3 2025, reporting consolidated earnings of $1.14 per share, driven by operational excellence and favorable regulatory outcomes.
Key takeaways
- Electric company earnings reached $1.20 per share, supported by capital investment recovery and increased demand.
- Weather-normalized load growth was a robust 6.5% year-to-date, with expectations for approximately 7.5% total retail growth in 2025.
- New regulatory approvals will enable the development of 450 megawatts of natural gas generation by 2029, reinforcing future capacity planning.
- Customers will benefit from a $6.75 monthly bill decrease starting November 1, highlighting the company's commitment to affordable energy rates.
- A strong local economy, marked by uninterrupted job growth, is attracting significant interest from data centers, further enhancing demand prospects.