#United States #Oklahoma City #earnings report #Oklahoma Gas and Electric #OGE Energy Corp

OGE Energy Corp. Reports Strong Third Quarter 2026 Results

On October 28, 2026, OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company (OG&E), announced a significant increase in earnings for the third quarter of 2026. The company reported earnings of $1.52 per diluted share, marking a notable rise from $1.14 per diluted share in the same quarter of 2025.

Financial Highlights

During the third quarter, OG&E contributed earnings of $1.54 per diluted share, an improvement over the $1.20 per diluted share reported a year earlier. However, the other operations segment, which encompasses the holding company, recorded a loss of $0.02 per diluted share compared to a larger loss of $0.06 per diluted share in the third quarter of 2025.

Sean Trauschke, the Chairman, President, and CEO of OGE Energy Corp., expressed pride in his team's performance, stating, "I am proud of our team for delivering reliable service through record-setting weather conditions while continuing to execute on investments that strengthen the grid and position us to support future growth across our region."

Net Income and Revenue

The company’s net income for the third quarter reached $320.9 million, translating to $1.54 per diluted share, compared to $242.9 million or $1.20 per diluted share during the same period last year. This increase in net earnings was largely driven by heightened sales from warmer weather, which positively impacted customer demand. However, this was slightly offset by a rise in income tax expenses.

In contrast, the other operations saw a loss of $4.7 million or $0.02 per diluted share for the third quarter, an improvement from the $11.6 million loss recorded in the previous year. This better performance was attributed to increased income from energy-related investments and reduced interest expenses.

Outlook for 2026

Looking ahead, OGE Energy forecasts a promising outlook for the remainder of 2026. Due to the unusual warm weather, the company expects to surpass its original earnings guidance. The revised forecast anticipates consolidated earnings in the range of $2.62 to $2.68 per average diluted share, contingent upon normal weather conditions for the rest of the year. OGE Energy's earnings significantly exhibit seasonality influenced by weather patterns, a factor that fluctuates yearly.

For more detailed insights, shareholders and interested parties can refer to OGE Energy's 2025 Form 10-K, which outlines key factors contributing to the company's performance and future projections.

Conference Call Details

Investors and analysts can tune in to OGE Energy Corp.'s earnings and business update conference call scheduled for October 28, 2026, at 8 a.m. CDT. Participants can access the conference through the Investor Center on OGE Energy's official website: www.oge.com.

Forward-Looking Statements

It’s essential to note that this news release may contain forward-looking statements, which include various risks, uncertainties, and assumptions. Such statements can be identified by terminology such as "anticipate," "believe," "expect," and similar expressions. Actual results could vary significantly due to factors including general economic conditions, competition, technological developments, operational risks, and weather-related events.

Overall, OGE Energy Corp.'s strong performance in Q3 2026 underscores its ability to adapt and thrive even in challenging conditions, positioning the company for continued growth in the competitive energy market.