Strong Earnings Growth
Consolidated net income was $63 million or $0.31 per diluted share compared to $19 million or $0.09 per share in the same period last year. This represents a significant improvement in earnings performance.
Robust Load Growth
The demand for electricity grew 8% year-over-year, led by residential and commercial sectors. Residential and commercial segments grew at 3% and 28%, respectively, indicating strong underlying economic conditions.
Successful Customer and Economic Development
Customer growth is on target at 1%, with strong economic development initiatives attracting diverse industries to Oklahoma and Arkansas, contributing to long-term growth projections.
High Reliability and Low Rates
OG&E achieved an average reliability of 99.975% despite severe weather events. The company maintains some of the lowest electric rates in both Oklahoma and Arkansas.
Proactive Supply Chain Management
OG&E has secured key components like transformers, wire, and cable through 2026, ensuring minimal supply chain disruptions.