Oge Energy Corp · NYSE:OGE
Oge Energy — Q4 2024 Earnings Presentation
15 slides from Oge Energy's earnings presentation, Feb 19, 2025
Slide 1: Q4 2024 Earnings & Business Update Conference Call
Q4 2024 Earnings & Business Update Conference Call February 19, 2025
Slide 2: Safe Harbor
Safe Harbor Some 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," "forec
Slide 3: 2024: Outstanding year for customers, employees, shareholders
2024: Outstanding year for customers, employees, shareholders ✓ Strong safety culture leads to another strong safety year Driving Results for Customers, Communities, Stakeholders ✓ Grid strengthening efforts reduce outages and outage time ✓ Infrastructure investments relieve SPP system congestion ✓
Slide 4: 2024 financial results summary
2024 financial results summary ✓ Consolidated earnings $2.19 per average diluted share ➢Electric company earnings $2.33 per average diluted share ➢Other operations, including holding company, loss of $0.14 per average diluted share “Excellent operational execution and our dedicated team delivered st
Slide 5: Reliability, growth & affordability lead 2025 focus
Reliability, growth & affordability lead 2025 focus ✓ Investment plans designed to deliver results, build strong communities, meet customer expectations and investor commitments ✓ Regulatory activity includes approval plans to meet generation needs, general rate reviews in Oklahoma and Arkansas ✓ Ec
Slide 6: 2024 execution exceeds top of original EPS guidance range
2024 execution exceeds top of original EPS guidance range 2024 2023 Drivers Exceptional load growth Recovery of capital investments OG&E $2.33 $2.12 Depreciation expense and interest expense on a growing asset base Income taxes Other income Interest expense Other Operations/HoldCo $(0.14
Slide 7: 2024 exceptional load growth built on model that delivers results
2024 exceptional load growth built on model that delivers results Customer Growth Load Growth Our Sustainable Business Model 7.6% Low Rates 1.2% Attract new Benefit customers, customers through 0.8% 2.7% communities, business and 1.1% 3.1% shareholders economic development 1.4% 2.4% Spread costs to
Slide 8: 2025 plan builds and grows off the strengths of 2024 results
2025 plan builds and grows off the strengths of 2024 results 2025 Consolidated Earnings Guidance FINANCIAL PLAN HIGHLIGHTS Consolidated midpoint of $2.27/share • 2025’s EPS midpoint of $2.27/share is 7% above 2024’s • Range of $2.21/share to $2.33/share original EPS midpoint of $2.12/share • Electri
Slide 9: Financing plan supports customer centric system growth
Financing plan supports customer centric system growth ▪ Strong balance sheet and credit ratings ▪ Forecasted FFO to debt1 of ~17% each year through 20292 ▪ No external equity issuance needs under current plan2 other than continued modest annual DRIP between $15 million to $25 million, annually ▪ No
Slide 10: Q&A
Q&A © 2025 OGE Energy Corp. | 10
Slide 11: Appendix
Appendix © 2025 OGE Energy Corp. | 11
Slide 12: Fourth quarter 2024 EPS results
Fourth quarter 2024 EPS results Q4 2024 Q4 2023 Drivers Recovery of capital investments (including the recognition of both 3 rd and 4th quarter 2024 impacts of the approved interim order in the Oklahoma rate review) Exceptional load growth OG&E $0.55 $0.24 Lower O&M Income taxes Interest exp
Slide 13: 2024 weather impact
2024 weather impact Weather Variance Heating Degree Days1 2024 2023 % Change Actuals 2,791 3,092 10% Normal 3,568 3,568 0% Variance from Normal (22%) (13%) Cooling Degree Days1 2024 2023 % Change Actuals 2,313 2,215 4% Normal 1,893 1,893 0% Variance from Normal 22% 17% Estimated 2024 normalized earn
Slide 14: 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 15: Fixed rate debt maturity ladder; strong credit ratings
OGE/OG&E fixed rate debt maturity ladder through end of the decade; strong credit ratings $450 No fixed rate maturities until 2027 $400 $350 $400 Amount ($mm) $300 $350 $250 6.65% $300 $300 $200 $150 $100 $125 $50 $100 $0 Holdco OG&E Moody's Rating Outlook OGE Energy Senior Notes Baa1 Stable OGE Ene