Oge Energy Corp · NYSE:OGE
Oge Energy — Q2 2025 Earnings Presentation
13 slides from Oge Energy's earnings presentation, Jul 30, 2025
Slide 1: Q2 2025 Earnings & Business Update Conference Call
Q2 2025 Earnings & Business Update Conference Call July 30, 2025
Slide 2: Safe Harbor
Safe Harbor Some of the matters in this presentation may contain forward-looking statements that are subject to certain risks, uncertainties, and assumptions. Such forward-looking statements are intended to be identified in this document by the words "anticipate," "believe," "estimate," "expect," "f
Slide 3: Q2 2025 financial results summary
Q2 2025 financial results summary Consolidated earnings $0.53 per average diluted share ➢Electric company earnings $0.53 per average diluted share ➢Other operations, including holding company, was flat ➢Expect to be in top half of original 2025 EPS guidance range “Our strategic initiatives and susta
Slide 4: Committed to providing safe, reliable, affordable service for our customers
Committed to providing save, reliable, affordable service for our customers ✓ Growing generation fleet: • Completing construction of ~550MW natural gas combustion turbines at Horseshoe Lake and Tinker Air Force Base; operational in 2026 • Filed for approval of two additional natural gas combustion t
Slide 5: Q2 EPS in line with annual EPS guidance – expect 2025 EPS in top half
Q2 EPS in line with annual EPS guidance – expect 2025 EPS to be in top half of guidance range Q2 2025 Q2 2024 Drivers Milder weather Depreciation expense and interest expense on growing asset base OG&E $0.53 $0.54 Recovery of capital investments Higher weather-normal load Lower operation and
Slide 6: Historically strong load growth continues in Q2
Historically strong load growth continues in Q2 Year-over-Year Growth Customers Load (MWH) +6.5% +0.8% +7.6% +1.2% +0.8% +1.1% +2.7% +1.4% +2.4% +3.1% Q2 Highlights 2021 2022 2023 2024 2025 YTD 2021 2022 2023 2024 2025 YTD • Year-over-year customer growth near 1% *Weather normalized • Continued stro
Slide 7: 2025 financial plan update
2025 financial plan update ▪ Firmly on plan to deliver on consolidated earnings commitment o 2025 guidance range of $2.21 to $2.33 per share remains unchanged o Expect to be in the top half of the guidance range ▪ Financing plan competed: o Issued $350 million at the electric company in April o No p
Slide 8: © 2025 OGE Energy Corp. | 8
© 2025 OGE Energy Corp. | 8
Slide 9: Appendix
Appendix © 2025 OGE Energy Corp. | 9
Slide 10: Second quarter 2025 weather impact
Second quarter 2025 weather impact Weather Variance Heating Degree Days1 Q2 2025 Q2 2024 % Change Actuals 156 117 33% Normal 250 249 0% Variance from Normal (38%) (53%) Cooling Degree Days1 Q2 2025 Q2 2024 % Change Actuals 579 740 (22%) Normal 553 553 0% Variance from Normal 5% 34% Estimated current
Slide 11: Building futures with a community centric investment plan
Building futures with a community centric investment plan Capital Expenditures 2024 10K; $ millions 2025 2026 2027 2028 2029 Total Transmission $ 110 $ 195 $ 225 $ 240 $ 240 $ 1,010 Oklahoma Distribution $ 495 $ 665 $ 705 $ 725 $ 775 $ 3,365 Arkansas Distribution $ 25 $ 25 $ 25 $ 25 $ 25 $ 125 Gener
Slide 12: Strong credit ratings and lower re-financing risk contribute to a strong financial position
Strong credit ratings and lower re-financing risk contribute to a strong financial position $450 No fixed rate maturities until 2027 $400 $350 $400 Amount ($mm) $300 $350 $250 6.65% $300 $300 $200 6.50% $150 $100 $125 $50 $100 $0 Holdco OG&E Moody's Rating OGE Energy Senior Notes Baa1 OGE Energy Com
Slide 13: Our sustainable business model delivers results for customers, communities, and shareholders
Our sustainable business model delivers results for customers, communities, and shareholders Sustainable Business Model 10-year Period Results1 Low Rates O&M/customer Among Attract new ~2.2% CAGR growth less than lowest in the Benefit customers, customers through 1% CAGR nation communities, business