Oge Energy Corp · NYSE:OGE
Oge Energy — Q1 2025 Earnings Presentation
14 slides from Oge Energy's earnings presentation, Apr 30, 2025
Slide 1: Q1 2025 Earnings & Business Update Conference Call
Q1 2025 Earnings & Business Update Conference Call April 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," "fo
Slide 3: Q1 2025 financial results summary
Q1 2025 financial results summary ✓ Consolidated earnings $0.31 per average diluted share ➢Electric company earnings $0.35 per average diluted share ➢Other operations, including holding company, loss of $0.04 per average diluted share “Increased customer demand and growth fueled a great first quarte
Slide 4: Economic development drives growth
Economic development drives growth +$8 billion OG&E Economic Impact OG&E’s annual economic impact 2021-2024 $4.1 billion 119 Capital investments Projects (2021-2024) $9.9 billion +5% Investment Customer growth +16% 17,000+ Load growth** Jobs ~$97 million -$105 million 2024 Ad Valorem taxes in OK and
Slide 5: Strong fundamentals and operational excellence delivers safe, affordable service
Strong fundamentals and operational excellence delivers safe, affordable service ✓ Multi-year growth momentum carries into 2025 ✓ Grid and weather strengthening investments delivered results in extreme conditions ✓ Our low retail rates remain top decile in nation1 ✓ Regulatory agenda is on track wit
Slide 6: Q1 earnings firmly on plan to deliver within EPS guidance
Q1 earnings firmly on plan to deliver within EPS guidance Q1 2025 Q1 2024 Drivers Recovery of capital investments Strong load growth OG&E $0.35 $0.12 Operation and maintenance expense Income taxes Depreciation expense and interest expense on growing asset base Interest expense Other Oper
Slide 7: Load and customer growth momentum carries forward
Load and customer growth momentum carries forward Customer Growth Load Growth 8.0% 7.6% 1.0% 0.8% 1.2% Q1 Highlights 2.7% 1.1% 1.4% 2.4% 3.1% • Continued strong year over year customer growth at 1% 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 • Load momentum continued with strong 8% Q
Slide 8: 2025 financing plan update
2025 financing plan update ▪ Completed planned long term debt issuance ▪ $350 million of 30-year debt issued at 5.8% at the electric company in April ▪ Strong balance sheet and credit ratings ▪ Forecasted FFO to debt1 of ~17% each year through 20292 ▪ No external equity issuance needs under current
Slide 9: © 2025 OGE Energy Corp. | 9
© 2025 OGE Energy Corp. | 9
Slide 10: Appendix
Appendix © 2025 OGE Energy Corp. | 10
Slide 11: First quarter 2025 weather impact
First quarter 2025 weather impact Weather Variance Heating Degree Days1 Q1 2025 Q1 2024 % Change Actuals 1,900 1,695 12% Normal 1,889 1,889 0% Variance from Normal 1% (10%) Cooling Degree Days1 Q1 2025 Q1 2024 % Change Actuals 19 12 58% Normal 10 10 0% Variance from Normal 90% 20% Estimated current
Slide 12: 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 13: 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 14: 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