Company Reports

OGE Energy reported earning $0.56 per share during the second quarter, up from $0.53 during the second quarter of 2025. Results are on track to meet our and management's full-year outlooks.

OGE Energy reported earning $0.24 per share during the first quarter, down from $0.35 during the first quarter of 2025. Results are on track to meet our and management's full-year outlooks.

OGE Energy completed its long transition to a fully regulated electric utility in late 2022 when it finished divesting its midstream gas business. OGE's growth prospects now primarily depend on Oklahoma rate regulation and electricity demand growth.

OGE Energy reported earning $2.32 per share in 2025, up from $2.19 in 2024. This is slightly above our estimate and at the top end of management's guidance.

OGE Energy updated and increased its five-year capital investment plan late last year to incorporate Oklahoma regulatory pre-approval of its proposed two new units at its Horseshoe Lake power plant.

OGE Energy completed its long transition to a fully regulated all-electric utility in late 2022 when it finished divesting its midstream gas business. OGE's growth prospects now primarily depend on Oklahoma rate regulation and electricity demand growth.

OGE Energy reported earning $1.14 per share during the third quarter, up from $1.09 in the year-ago period. Earnings are on track to meet our full-year estimate and the top end of management's guidance.

OGE Energy completed its long transition to a fully regulated all-electric utility in late 2022 when it finished divesting its midstream gas business. OGE now has a clear pathway to long-term earnings and dividend growth.

OGE Energy reported earnings per share of $0.53 during the second quarter, up from $0.51 in the year-ago period. First-half results remain on track to meet our full-year earnings estimate and management's guidance.

OGE Energy reported earnings per share of $0.31 for its first quarter, up from $0.09 in the year-ago period. First-quarter earnings and anticipated regulatory developments support our full-year earnings estimates and management's guidance.

Utilities have limited direct exposure to tariffs announced by the Donald Trump administration, but falling energy demand or regulatory pushback to utilities' investment plans could slow earnings growth if economic conditions deteriorate.

OGE Energy completed its long transition to a fully regulated all-electric utility in late 2022 when it finished divesting its midstream gas business. OGE now has a clear pathway to long-term earnings and dividend growth.

OGE Energy reported earning $2.19 per share in 2024, in line with our estimate and above management's initial $2.06-$2.18 EPS guidance range primarily due to electricity demand growth that exceeded management's expectations.

OGE Energy completed its long transition to a fully regulated all-electric utility in late 2022 when it finished divesting its midstream gas business. OGE now has a clear pathway to long-term earnings and dividend growth.

OGE Energy is on track to meet our full-year 2024 earnings outlook and the high end of management's $2.06 -$2.18 EPS guidance range after reporting $1.09 per share of earnings during the third quarter.

OGE Energy completed its long transition to a fully regulated all-electric utility in late 2022 when it finished divesting its midstream gas business. Investors can now focus on electricity demand growth and rate regulation primarily in Oklahoma, which represents 90% of earnings.

We are reaffirming our $38 per share fair value estimate for OGE Energy after the company reported earning $0.51 per share in the second quarter, up from $0.44 in the second quarter of 2023. Unusually warm weather contributed $0.05 benefit in the quarter and higher-than-expected demand growth is pushing full-year earnings toward the top of management's $2.06-$2.18 EPS guidance range.

We are reaffirming our $38 per share fair value estimate for OGE Energy after the company announced a comprehensive settlement in its 2024 electric rate review in Oklahoma.

OGE Energy completed its long transition to a fully regulated all-electric utility in late 2022 when it finished divesting its midstream gas business. Investors can now focus on electricity demand growth and rate regulation primarily in Oklahoma, which represents 90% of earnings.

We are upgrading OGE Energy's Morningstar Moat Rating to Narrow from None to reflect what we consider a more constructive regulatory outlook and attractive long-term electricity demand growth that should boost shareholder returns. OGE's exit from the midstream oil and gas business, which we considered to have no economic moat, also supported our upgrade.