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. (NYSE: OGE) is a diversified energy company based in Oklahoma City. It is the parent company of Oklahoma Gas & Electric Company (OG&E), a regulated electric utility that provides electricity generation, transmission, and distribution services to around 900,000 customers in Oklahoma and western Arkansas. Covering a service area of 30,000 square miles, OG&E plays a vital role in the region's energy infrastructure.
Founded on a legacy of hard work and dedication, OGE Energy continues to prioritize employee well-being and transparency. Many of its employees have been with the company for decades, reflecting a strong corporate culture built on teamwork and trust.
OGE Energy has recently divested its stake in Enable Midstream Partners, fully exiting the natural gas midstream operations in 2022. This move has allowed the company to focus more on its core electric utility business. Despite selling its retail gas operations back in 1928, OGE Energy remains a significant player in the energy sector.
The company has been making strides in modernizing its electric grid to meet growing demand and improve reliability. OG&E's recent financial performance has been solid, with substantial net income contributions from its electric utility operations. In 2023, OG&E reported net income of $426.4 million, driven by higher operating revenues from capital investments and strong load growth.
OGE Energy's strategic focus is on enhancing shareholder value through low-risk infrastructure investments that support economic vitality in its service areas. The company has a long-term growth target of 5-7% for its consolidated earnings per share, underpinned by steady load growth and prudent financial management.
OGE Energy's quarterly earnings calls provide detailed insights into its financial performance and future outlook. These calls, accessible via their website, are an important resource for investors seeking transparency and up-to-date information.
OGE Energy Corp. (NYSE: OGE) will host its quarterly conference call on August 4, 2022, at 9 a.m. Eastern Time to discuss the second quarter 2022 results. The call will be available as a webcast on OGE Energy's website. OGE Energy is the parent company of OG&E, serving approximately 882,000 customers in Oklahoma and western Arkansas.
OGE Energy Corp. (NYSE: OGE) held its 2022 Annual Meeting of Shareholders, where key actions included the election of nine board members and the ratification of Ernst & Young LLP as accountants for 2022. CEO Sean Trauschke highlighted the company’s commitment to safety and operational excellence, noting achievements and the completion of the Enable-Energy Transfer merger. Shareholders voted on several financial matters, approving a quarterly dividend of $0.41, unchanged from the previous quarter, payable July 29, 2022. However, a proposal to alter supermajority voting provisions was not approved.
OGE Energy Corp. reported earnings of $1.39 per diluted share for Q1 2022, up from $0.26 in Q1 2021. OGE's electric utility, OG&E, earned $0.19 per share, a rise from $0.06 last year. Natural Gas Midstream Operations saw earnings increase to $1.15 per share due to a $282.3 million unrealized gain on Energy Transfer investments. The company plans to exit this investment, having sold 21.75 million units for $246 million. 2022 earnings guidance remains $375-$395 million.
OGE Energy Corp. (NYSE: OGE) will conduct its quarterly conference call on May 5, 2022, at 9 a.m. ET to discuss the first quarter 2022 results. This call will be accessible via webcast through the company’s website. OGE Energy is the parent of OG&E, serving around 879,000 customers in Oklahoma and western Arkansas.
OGE Energy Corp. reported a significant earnings turnaround for 2021, recording $3.68 per diluted share against a loss of $0.87 per diluted share in 2020. OG&E achieved earnings of $1.80 per diluted share, up from $1.70 in the prior year. Natural Gas Midstream Operations saw net income of $385 million driven by a $1.32 per diluted share gain from the Enable merger. The fourth quarter showed net income of $319 million, attributed heavily to the merger. The company projects 2022 OG&E earnings guidance at $1.92 per diluted share.
OGE Energy Corp. (NYSE: OGE) will host a quarterly conference call on February 24, 2022, at 9 a.m. Eastern Time to discuss its fourth quarter 2021 results. The call will be available as a webcast on the company’s website. OGE Energy is the parent company of OG&E, serving approximately 876,000 customers in Oklahoma and western Arkansas.
OGE Energy Corp. announced the successful merger between Energy Transfer LP and Enable Midstream Partners LP on December 2, 2021. As a part of this transaction, OGE exchanged its 110,982,805 common units of Enable for 95,389,720 common units of Energy Transfer, retaining approximately 3% of the outstanding limited partner units of Energy Transfer. OGE intends to exit most of its Energy Transfer investment by the end of 2022, allowing for continued investment in its electric utility operations for approximately 876,000 customers in Oklahoma and Arkansas.
OGE Energy Corp. (NYSE: OGE) announced a first quarter dividend of $0.41 per common share. The dividend will be paid on January 28, 2022, to shareholders of record as of January 10, 2022. OGE Energy Corp. is the parent company of OG&E, serving around 876,000 customers in Oklahoma and western Arkansas. The company holds a 25.5% limited partner interest and a 50% general partner interest in Enable Midstream.
OGE Energy Corp. reported strong earnings for Q3 2021, posting $1.26 per diluted share, up from $0.89 in Q3 2020. OGE's utility segment, OG&E, contributed $1.12 per share, also higher than the previous year's $1.00. Net income rose to $252 million compared to $177 million a year ago, driven by favorable weather and infrastructure investments. The company narrowed its 2021 earnings guidance for OG&E to $1.79 to $1.83 per share. Higher natural gas prices and increased volumes supported growth in their midstream operations.
OGE Energy Corp. (NYSE: OGE) will hold its quarterly conference call on Nov. 4, 2021, at 9 a.m. Eastern Time to discuss its third quarter 2021 results. The call will be accessible via webcast on OGE Energy's website. OGE Energy serves approximately 875,000 customers in Oklahoma and western Arkansas through its subsidiary OG&E. Additionally, OGE Energy holds a 25.5% limited partner interest and a 50% general partner interest in Enable Midstream, formed by a merger with CenterPoint Energy's businesses.
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