Oge Energy Corp. (OGE)
NYSE:OGE
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.57Last Year’s EPS
0.53Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a constructive growth story: material long-term commercial wins (Google), sizeable capacity additions and contracts (including 600 MW solar), affirmed 2026 guidance, improved credit outlook from Moody's, and financing actions that satisfy 2026 needs. Near-term results were weaker due to milder weather and timing of O&M, leading to noticeable Q1 earnings declines versus prior year and some persistent holding-company losses. Several high-impact projects remain subject to regulatory approvals and timing, introducing execution and financing uncertainty. On balance, the positive strategic developments, contract wins, capacity buildout and improved credit metrics materially outweigh the near-term quarter weakness and remaining execution risks.Company Guidance
New Google Large-Load Agreements
Company will file long-term special contracts with Google to serve multiple previously announced data centers in Muskogee and Stillwater; Google will pay 100% of interconnection costs and its fair share of site power, and agreements include multiyear commitments, minimum charges, exit provisions and strong credit support.
Material Capacity Additions and Contracts (1.7 GW)
Company reports a combined ~1.7 gigawatts of capacity from recent actions: commissioned 98 MW Tinker plant (Feb), expected 450 MW CTs at Horseshoe Lake coming online in Q4, two additional 450 MW units under construction, advancement of 300 MW Frontier storage project, and secured capacity from 2 solar facilities providing 600 MW nameplate (company states these actions strengthen the system and position it for growth).
Solar Contracts Reduce Winter Resource Need
Secured 600 MW nameplate of solar from two facilities under construction; using ~20% winter accreditation on solar reduces the IRP winter capacity need from ~1.9 GW to ~1.8 GW (roughly a ~5.3% reduction in that winter need estimate).
Affirmed 2026 Guidance
Management reaffirmed consolidated 2026 earnings guidance of $2.43 per share (range $2.38 to $2.48) and expects to achieve guidance assuming normal weather for the remainder of the year; noted Q1 typically represents ~10% of annual earnings.
Strong Load and Customer Trends
Service area showing customer growth just under 1%; weather-normalized load was stable year-over-year despite some temporary outages; company highlights ~24% load growth over the past five years and maintains short-term 2026 load guidance of 4%–6% for the year.
Financing and Balance Sheet Actions Completed
Completed a debt issuance at the electric utility in April satisfying 2026 financing needs; equity issuance completed late last year with ~4.6 million forward-equity shares available to exercise through May 2027; management targets FFO-to-debt around 17% over the planning horizon.
Credit Outlook Improved
Moody's revised outlooks for both OGE Energy and OG&E to Stable from Negative and affirmed ratings, citing constructive regulatory framework and balance sheet actions; Moody's lowered parent-level downgrade threshold to 17%, consistent with company planning metrics.
Regulatory Progress and Planned Filings
Company plans to file a stand-alone large-load tariff with the Oklahoma Commission by July 1, expects a rate review filing later this year with new rates anticipated in 2027, anticipates preapproval of Frontier storage in August and acceptance of notices to construct on SPP transmission projects in October; intends to seek preapprovals on a rolling basis.
Culture and Recognition
Company recognized as a National Top Workplace by USA TODAY and a top workplace in Oklahoma, cited as positive for employee engagement and recruitment in a competitive labor market.
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 |
|---|---|---|---|
Apr 29, 2026 | $47.59 | $47.34 | -0.53% |
Feb 18, 2026 | $46.49 | $46.08 | -0.88% |
Oct 29, 2025 | $44.55 | $43.59 | -2.16% |
Jul 30, 2025 | $43.67 | $43.65 | -0.05% |
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 Jul 30, 2026, Before Open (Confirmed).
What is Oge Energy Corp. (OGE) earnings time?
Oge Energy Corp. (OGE) earnings time is at Jul 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 (Q2) is 0.57.