Business
OGE Energy Corp. reports first quarter 2025 results
OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), today reported earnings of $0.31 per diluted share during the three months that ended March 31, 2025, compared to $0.09 per diluted share in the same period 2024.
About this update from Oge Energy Corp
[{"type":"text","content":"OKLAHOMA CITY, April 30, 2025 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), today reported earnings of $0.31 per diluted share during the three months that ended March 31, 2025, compared to $0.09 per diluted share in the same period 2024.","length":318,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"OG&E, a regulated electric company, contributed earnings of $0.35 per diluted share in the first quarter, compared to earnings of $0.12 per diluted share in the first quarter 2024.","length":184,"tagName":"p"}]},{"val":[{"type":"text","content":"Other operations, which includes the holding company, contributed a loss of $0.04 per diluted share compared to a loss of $0.03 per diluted share in the first quarter 2024.","length":172,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":356,"olType":false},{"type":"text","content":""Increased customer demand and growth fueled a great first quarter, continuing our momentum into 2025," said Sean Trauschke, Chairman, President and CEO of OGE Energy Corp. "Our reliability and business expansion investments provide value to all customers, limiting impacts of severe weather and outages as we support growing communities in Oklahoma and Arkansas."","length":384,"tagName":"p"},{"type":"text","content":"First Quarter 2025 results ","length":26,"tagName":"p"},{"type":"text","content":"OG&E contributed net income of $71.0 million, or $0.35 per diluted share, in the first quarter compared to $25.2 million, or $0.12 per diluted share, in the same period 2024. The increase in net income was primarily due to higher operating revenues driven by the recovery of capital investments and strong load growth, as well as lower operation and maintenance expense, partially offset by higher income tax expense, and higher depreciation expense and interest expense on a growing asset base.","length":504,"tagName":"p"},{"type":"text","content":"Other Operations resulted in a loss of $8.3 million, or $0.04 per diluted share, in the first quarter compared to a loss of $6.6 million, or $0.03 per diluted share, in the same period 2024. The increase in net loss was primarily due to higher interest expense partially offset by higher income tax benefit.","length":312,"tagName":...