Welcome to our dedicated page for Oge Energy news (Ticker: OGE), a resource for investors and traders seeking the latest updates and insights on Oge Energy stock.
OGE Energy Corp (OGE) provides essential energy services through its Oklahoma Gas & Electric subsidiary, serving over 900,000 customers across Oklahoma and Arkansas. This news hub offers investors and stakeholders centralized access to official announcements, financial disclosures, and operational developments.
Track critical updates including quarterly earnings reports, regulatory filings, infrastructure investments, and leadership changes. Our curated collection ensures timely access to press releases about grid modernization projects, rate case decisions, and sustainability initiatives impacting this regulated utility operator.
Key focus areas include dividend declarations, service territory expansions, storm recovery efforts, and compliance with regional energy regulations. Bookmark this page for verified updates on OGE's strategic priorities in power generation and distribution infrastructure maintenance.
OGE Energy Corp. (NYSE: OGE) will host a quarterly conference call on May 4, 2023, at 9 a.m. Eastern Time to discuss its first quarter 2023 results. The call will be webcast and available on OGE Energy's website. OGE is the parent company of OG&E, serving about 889,000 customers in Oklahoma and western Arkansas.
OGE Energy Corp. (NYSE: OGE) reported 2022 earnings of $3.32 per diluted share, down from $3.68 in 2021. OG&E contributed $2.19 per diluted share, up from $1.80, while Natural Gas Midstream Operations saw a decline from $1.92 to $1.16. The company attributed the increase in OG&E's earnings to higher operating revenues, partly offset by increased expenses. Fourth quarter earnings were $0.25 per diluted share, significantly lower than $1.59 in the same quarter of the previous year, primarily due to a large gain related to the Enable merger in 2021. For 2023, OGE projects earnings of $2.00 per share, with a dividend of $0.4141 declared for April 28, 2023.
OGE Energy Corp. (NYSE: OGE) will conduct a quarterly conference call on February 23, 2023, at 9 a.m. Eastern Time to discuss fourth quarter 2022 results. The call will be available via webcast on OGE's official website, www.ogeenergy.com. OGE Energy serves approximately 887,000 customers in Oklahoma and western Arkansas.
OGE Energy Corp. (NYSE: OGE) has elected Cathy R. Gates to its board of directors, where she will serve on the compensation and governance committees. Gates, a former assurance partner at Ernst & Young, brings extensive experience from various industries.
The board also declared a first quarter dividend of $0.4141 per common share, payable on January 9, 2023, to shareholders on record as of January 27, 2023. This indicates OGE's commitment to providing returns to its investors.
OGE Energy Corp. reported a net income of $262.8 million, or $1.31 per diluted share, for Q3 2022, up from $252.5 million or $1.26 a year earlier. This increase was driven by higher operating revenues from warmer weather and capital investment recoveries, despite rising income tax and depreciation expenses. OG&E's earnings rose to $1.26 per diluted share, up from $1.12. However, Other Operations faced a loss of $6.4 million, and Natural Gas Midstream Operations saw a decline in earnings to $0.08 per share from $0.15. For 2022, OG&E expects earnings between $2.08 and $2.12 per share.
