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Oge Energy Corp. (OGE)
NYSE:OGE
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.36Last Year’s EPS
0.31Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive picture: 2025 results exceeded guidance midpoints with solid EPS growth, upgraded 2026 guidance, explicit multi‑year growth targets, a robust IRP identifying significant capacity needs, and financing actions (equity issuance, planned debt) that support the capital plan through 2030. Operational strengths include strong load/customer growth, disciplined cost control (O&M per growth <1%), and recognition for safety and workplace performance. Key risks highlighted include material transmission obligations from SPP with remaining cost/timing uncertainty, the need for multiple regulatory approvals for generation and storage projects, a terminated third‑party storage PPA underscoring counterparty risk, and potential rate/affordability pressure from large incremental CapEx. Overall, the favorable financial results, clear growth plan, and secured financing outweigh the execution and regulatory uncertainties.Company Guidance
Strong Full-Year Earnings and Net Income Growth
Consolidated net income of ~$471 million, or $2.32 per diluted share for 2025, versus $442 million, or $2.19 per share in 2024 (EPS increase ~6%). Electric company net income rose to $500 million, or $2.47 per share, from $470 million, or $2.33 per share (~6% increase). Results finished at the upper end of original guidance and $0.05 above the midpoint.
Upgraded 2026 Guidance and Multi-Year Growth Targets
2026 consolidated EPS guidance of $2.43 (range $2.38–$2.48); midpoint represents a ~7% increase from the 2025 midpoint. Long-term EPS growth target set at 5%–7% off the higher starting point, with track record of ~6% EPS CAGR over ten years and ~7% over five years.
Robust Load and Customer Growth
Customer count growth just under 1% and weather-normalized load growth of ~7% in 2025. Guidance for 2026: customer count +1% and weather-normalized load growth of 4%–6%. Total retail weather-normalized load up >24% since 2021.
Capital and Financing Progress
Executed a well-subscribed equity offering in November to support roughly $1 billion of incremental CapEx through 2030; forward satisfies equity needs through 2030. Expect to issue ~$300 million of electric utility debt in 2026 and no long-term holding company debt. Target FFO-to-debt ~17% through 2030 and dividend payout ratio targeted at 60%–70% with dividends stable and growing.
Clear Project Pipeline for Generation and Storage
Filed for preapproval of the 300 MW Frontier Energy Storage Project and issued two RFPs (bridge capacity 2027–2032 and All-Source for accredited capacity in 2032). Draft 2026 IRP identifies ~1.9 GW of capacity needs by 2031 (incremental to the 300 MW Frontier project). Management expects to add ~1.3 GW of generation before decade end (in addition to prior ~1 GW over last ten years).
Transmission Opportunity from SPP and Proactive IRP Process
SPP ITP-2025 allocated OG&E a significant portion of the Seminole–Shreveport 765 kV line and additional transmission/substation projects. Management anticipates refining estimates/schedules, accepting NTCs in H2, and layering projects into the investment plan, viewing transmission as a compelling long-duration investment opportunity.
Operational and Cost Discipline
Company emphasizes affordability and low operating costs: O&M per growth over the last decade is <1%. Recognitions include Oklahoma Top Workplace and top-ranked safety performance by Southeast Electric Exchange. Recent investments include new combustion turbines at Tinker AFB.
Large-Load Customer Momentum
Disclosed a near-finalized ~1 GW agreement with a data center customer (Customer X) incorporated in the IRP; management plans to file the large load tariff and related filings by midyear and expects to finalize related agreements and protections (collateral, minimum terms) to protect existing customers.
OGE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OGE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $46.90 | $46.49 | -0.87% |
Oct 29, 2025 | $44.94 | $43.97 | -2.16% |
Jul 30, 2025 | $44.05 | $44.03 | -0.05% |
Apr 30, 2025 | $44.41 | $44.09 | -0.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Oge Energy Corp. (OGE) report earnings?
Oge Energy Corp. (OGE) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Oge Energy Corp. (OGE) earnings time?
Oge Energy Corp. (OGE) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OGE EPS forecast?
OGE EPS forecast for the fiscal quarter 2026 (Q1) is 0.36.