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Jun 30
OGE Energy Q2 2025 Earnings Report
OGE Energy's second quarter 2025 results were reported, showing an increase in net income and EPS compared to the previous year.
Key Takeaways
OGE Energy Corp. reported a net income of $107.5 million and diluted earnings per share of $0.53 for the second quarter of 2025, an increase from $102.3 million and $0.51 per diluted share in the same period last year. The regulated electric company, OG&E, was the primary contributor to these earnings, despite a slight decrease in its individual net income due to milder weather and higher interest and depreciation expenses, which were partially offset by increased capital investment recovery and higher weather-normalized load.
OGE Energy Corp. reported a net income of $107.5 million for Q2 2025, up from $102.3 million in Q2 2024.
Diluted earnings per share increased to $0.53 in Q2 2025 from $0.51 in Q2 2024.
OG&E, the regulated electric company, contributed $107.7 million to net income, a slight decrease from $109.3 million in Q2 2024.
The company is constructing approximately 550 MW of new natural gas combustion turbine generation projects, expected to be operational in 2026, with two more proposed for 2029.
OGE Energy
OGE Energy
OGE Energy Revenue by Segment
Revenue by Segment
Residential Revenue
CapyFin.comCommercial Revenue
CapyFin.comIndustrial Revenue
CapyFin.comOilfield Revenue
CapyFin.comPublic Authorities & Street Light Revenue
CapyFin.comIntegrated Market Revenue
CapyFin.comTransmission Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
OGE Energy's 2025 consolidated earnings guidance remains projected to be within a range of $2.21 to $2.33 per average diluted share. Due to year-to-date performance and continued strong economic growth in Oklahoma and Arkansas, consolidated earnings are expected to be in the top half of this guidance range, assuming normal weather for the remainder of the year.
Positive Outlook
- Consolidated earnings are expected to be in the top half of the 2025 guidance range.
- Continued strong economic growth in Oklahoma and Arkansas supports the positive outlook.
- Construction of approximately 550 MW of new natural gas combustion turbine generation projects is underway, expected to be operational in 2026.
- Two additional natural gas combustion turbines are proposed, expected to be operational by the end of 2029.
- These projects are part of a strategy to ensure reliable and affordable service while addressing increasing energy needs.
Challenges Ahead
- Guidance assumes normal weather for the remainder of the year, and significant seasonality in earnings can be impacted by weather.
- General economic conditions, including credit availability and inflation rates, could impact capital expenditures.
- The ability to obtain timely and sufficient rate relief is crucial for cost recovery.
- Competitive factors, including potential deregulation and technological advances, could affect demand for services.
- Environmental laws, safety laws, or other regulations may impact operational costs or result in stranded assets.