OGE Energy Corp ( (OGE) ) has released its Q4 earnings. Here is a breakdown of the information OGE Energy Corp presented to its investors.
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OGE Energy Corp. is a publicly traded company primarily engaged in the regulated electric utility sector through its subsidiary, Oklahoma Gas and Electric Company (OG&E), serving approximately 907,000 customers in Oklahoma and western Arkansas.
In 2024, OGE Energy Corp. reported a solid financial performance with earnings of $2.19 per diluted share, an increase from $2.07 per diluted share in 2023. The company’s operations were significantly bolstered by OG&E, which achieved earnings of $2.33 per diluted share compared to $2.12 the previous year.
The company attributes its financial improvement to exceptional load growth and increased operating revenues driven by the recovery of capital investments. This was partially offset by higher depreciation and interest expenses. However, the holding company segment experienced a wider loss of $0.14 per diluted share compared to a $0.05 loss in 2023, primarily due to increased interest expenses and decreased other income.
Looking ahead to 2025, OGE Energy Corp. forecasts earnings per share in the range of $2.21 to $2.33, with a midpoint guidance of $2.27 per share. The company aims for an annual consolidated earnings growth rate of 5% to 7%, driven by customer growth and the continued expansion of natural-gas power generation capacity.
Overall, OGE Energy Corp. remains focused on meeting the growing energy demand in its service regions through strategic investments while contributing to regional economic and community development.
