US Market News
1月前
OG&E Announces Landmark Contract with GoogleApril 30, 2026 7:00 AM
PR Newswire (US)
Contract secures customer protections as new data centers are added to the electric gridOKLAHOMA CITY, April 30, 2026 /PRNewswire/ -- Today, OG&E, the operating subsidiary of locally-headquartered OGE Energy Corp. (NYSE: OGE), announced that it will power three new data centers that Google announced in Muskogee and Stillwater last year. The data centers and associated Electric Service Agreements will provide economic growth for local communities and the state, contribute to grid stability, and benefit OG&E's current customers.As technology continues to propel industry and our personal lives forward, OG&E will power the 21st century economy through these agreements with Google, whose data centers power key services that billions of people use every day, from online banking to hospital records to 911 systems.OG&E worked closely with Google to secure broad customer protections for years to come. Under this agreement, Google is committing to pay 100% of the costs to connect the data center sites to the grid as well as all contracted costs regardless of the company's energy use. Google will also pay its share of power generation required to serve these data centers."OG&E is pleased to support Google and together advance growth in our home state, ensuring our current customers benefit from data center expansion that meets the technology needs of the 21st century economy at some of the lowest rates in the country," said Sean Trauschke, Chairman, President and CEO of OGE Energy Corp. "This unique agreement is a model for future data center partnerships and forms the basis for a new large-load tariff that OG&E will submit in the coming weeks that protects our current customers from bearing the costs of this growing demand and Oklahoma's goals for economic growth."OG&E's rates are among the lowest in the country, with Oklahoma residential rates today 19% below the regional average, and 34% below the national. OG&E is committed to maintaining the competitive advantage our low rates bring to drive economic growth and investment in Oklahoma and Arkansas. Over the past decade, electricity demand on our system has grown by 25% while the pace of residential rate increases is substantially below the inflation rate."Energy innovation and ratepayer protection go hand in hand in the communities where we operate data centers across Oklahoma and around the world," said Will Conkling, Director, Energy and Power, Americas, Google. "This landmark partnership with OG&E demonstrates our commitment to safeguarding affordability for our Stillwater and Muskogee neighbors, adding new generation resources to the grid while providing guaranteed upfront funding to cover the cost of building new infrastructure."As part of the agreement, Google will make power generation capacity available from two solar facilities that are currently under construction."Oklahoma's abundant and reliable energy supply positions the state as a trusted partner for companies, like Google, to make long-term investments that diversify and bolster our economy," said Gov. Kevin Stitt of Oklahoma. "With any new infrastructure developments, Oklahoma is committed to keeping energy costs low for families and small businesses. OG&E's contract with Google reflects that ongoing commitment while continuing to support Oklahoma's competitive edge for job creation."The Electric Service Agreements and Capacity Purchase Agreements will be filed for review with the Oklahoma Corporation Commission in the coming days. The OCC must formally approve the agreement between OG&E and Google to supply power to the data center sites.For more information about OG&E's new contract with Google and how the company is approaching service for high-electricity demand customers, please visit OGE.com/datacenters. About OG&E
OG&E, a subsidiary of OGE Energy Corp., provides our customers in Oklahoma and western Arkansas with the safe, reliable electricity needed to power their businesses and homes with some of the nation's lowest electric rates. We provide reliable electric service to approximately 915,000 customers and generate 6.9MW of electricity from nine power plants. OG&E delivers more than 34.4 million megawatt-hours of electricity each year through its network of power plants, transmission lines, and distribution infrastructure designed for reliability and resiliency. Our employees live, work, and volunteer in the communities we serve. Follow us on Facebook, LinkedIn and Instagram.About Google
Google's mission is to organize the world's information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Google Cloud, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world. Google is a subsidiary of Alphabet Inc.
View original content:https://www.prnewswire.com/news-releases/oge-announces-landmark-contract-with-google-302758482.htmlSOURCE OG&E
Original: OG&E Announces Landmark Contract with Google
US Market News
1月前
OGE Energy Corp. reports first quarter 2026 resultsApril 29, 2026 7:00 AM
PR Newswire (US)
OKLAHOMA CITY, April 29, 2026 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), today reported earnings of $0.24 per diluted share during the three months that ended March 31, 2026, compared to $0.31 per diluted share in the same period 2025.
OG&E, a regulated electric company, contributed earnings of $0.28 per diluted share in the first quarter, compared to earnings of $0.35 per diluted share in the first quarter 2025.Other operations, which includes the holding company, contributed a loss of $0.04 per diluted share compared to a loss of $0.04 per diluted share in the first quarter 2025."We're executing our plan with discipline — propelling community growth, maintaining our low rates, and investing in the infrastructure our customers and communities will rely on for years to come," said Sean Trauschke, Chairman, President and CEO of OGE Energy Corp.First Quarter 2026 results OG&E contributed net income of $57.9 million, or $0.28 per diluted share, in the first quarter compared to $71.0 million, or $0.35 per diluted share, in the same period 2025. The year-over-year decrease in net income was primarily due to mild weather and higher operation and maintenance expense, partially offset by lower depreciation and interest expense on assets placed in service.Other Operations resulted in a loss of $7.7 million, or $0.04 per diluted share, in the first quarter compared to a loss of $8.3 million, or $0.04 per diluted share, in the same period 2025. The decrease in net loss was primarily due to lower interest expense.OGE Energy's net income was $50.2 million or $0.24 per diluted share in the first quarter, compared to earnings of $62.7 million or $0.31 per diluted share, in the same period 2025.2026 Outlook
OGE Energy's 2026 consolidated earnings guidance remains unchanged and is projected to be $2.43 per average diluted share, within a range of $2.38 to $2.48 per average diluted share. The guidance assumes, among other things, normal weather for the remainder of the year. OG&E has significant seasonality in its earnings due to weather on a year-over-year basis.See OGE Energy's 2025 Form 10-K for other key factors and assumptions underlying its 2026 guidance.Conference Call Webcast
OGE Energy Corp. will host an earnings and business update conference call on Wednesday, April 29, 2026, at 8 a.m. CT. The conference will be available through the Investor Center at www.oge.com.OGE Energy Corp. is the parent company of OG&E, a regulated electric company with approximately 915,000 customers in Oklahoma and western Arkansas.Some of the matters discussed in this news release 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," "forecast," "intend," "objective," "plan," "possible," "potential," "project," "target" and similar expressions. Actual results may vary materially. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: general economic conditions, including the availability of credit, access to existing lines of credit, access to the commercial paper markets, actions of rating agencies and inflation rates, and their impact on capital expenditures; the ability of the Company to access the capital markets and obtain financing on favorable terms, as well as inflation rates and monetary fluctuations; the ability to obtain timely and sufficient rate relief to allow for recovery of items such as capital expenditures, fuel and purchased power costs, operating costs, transmission costs and deferred expenditures; prices and availability of electricity, coal and natural gas; competitive factors, including the extent and timing of the entry of additional competition in the markets served by the Company, potentially through deregulation; the impact on demand for the Company's services resulting from cost-competitive advances in technology, such as distributed electricity generation and customer energy efficiency programs; technological developments, changing markets and other factors that result in competitive disadvantages and create the potential for impairment of existing assets; factors affecting utility operations such as unusual weather conditions; catastrophic weather-related damage; unscheduled generation outages; unusual maintenance or repairs; unanticipated changes to fossil fuel, natural gas or coal supply costs or availability due to higher demand, shortages, transportation problems or other developments; environmental incidents; or electric transmission or gas pipeline system constraints; availability and prices of raw materials and equipment for current and future construction projects; the effect of retroactive pricing of transactions in the SPP markets, adjustments in market pricing mechanisms by the SPP, or allocation of transmission upgrade costs; federal or state legislation and regulatory decisions and initiatives that affect cost and investment recovery, have an impact on rate structures or affect the speed and degree to which competition enters the Company's markets; environmental laws, safety laws or other regulations that may impact the cost of operations, restrict or change the way the Company's facilities are operated or result in stranded assets; the ability of the Company to meet future capacity requirements mandated by the SPP, which could be impacted by future load growth, environmental regulations, and the availability of resources; changes in accounting standards, rules or guidelines; the discontinuance of accounting principles for certain types of rate-regulated activities; the cost of protecting assets against, or damage due to, terrorism or cyberattacks, including the Company losing control of its assets and potential ransoms, and other catastrophic events; the availability, cost, coverage and terms of insurance; changes in the use, perception or regulation of generative artificial intelligence technologies, which could limit the Company's ability to utilize such technology, create risk of enhanced regulatory scrutiny, generate uncertainty around intellectual property ownership, licensing or use, or which could otherwise result in risk of damage to the Company's business, reputation or financial results; creditworthiness of suppliers, customers and other contractual parties, including large, new customers from industries such as cryptocurrency and data centers; social attitudes regarding the electric utility and power industries; identification of suitable investment opportunities to enhance shareholder returns and achieve long-term financial objectives through business acquisitions and divestitures; increased pension and healthcare costs; national and global events that could adversely affect and/or exacerbate macroeconomic conditions, including inflationary pressures, interest rate fluctuations, supply chain disruptions, economic recessions, pandemic health events, tariffs and uncertainty surrounding continued hostilities or sustained military campaigns, and their collateral consequences; costs and other effects of legal and administrative proceedings, settlements, investigations, claims and matters, including, but not limited to, those described in the Company's Form 10-Q for the quarter ended March 31, 2026; and other risk factors listed in the reports filed by the Company with the Securities and Exchange Commission, including those listed within the Company's most recent Form 10-K for the year ended December 31, 2025.OGE ENERGY CORPCONDENSED CONSOLIDATED STATEMENTS OF INCOME(Unaudited)
Three Months Ended
March 31,(In millions, except per share data)
2026
2025OPERATING REVENUES
Revenues from contracts with customers
$ 736.7
$ 741.1Other revenues
15.9
6.6Operating revenues
752.6
747.7FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE
336.7
324.0OPERATING EXPENSES
Other operation and maintenance
136.5
121.8Depreciation and amortization
136.4
137.4Taxes other than income
29.9
31.2Operating expenses
302.8
290.4OPERATING INCOME
113.1
133.3OTHER INCOME (EXPENSE)
Allowance for equity funds used during construction
7.5
7.0Other net periodic benefit expense
(2.6)
(2.6)Other income
13.6
7.0Other expense
(12.3)
(4.5)Net other income
6.2
6.9INTEREST EXPENSE
Interest on long-term debt
66.3
61.4Allowance for borrowed funds used during construction
(3.6)
(4.5)Interest on short-term debt and other interest charges
(2.8)
10.4Interest expense
59.9
67.3INCOME BEFORE TAXES
59.4
72.9INCOME TAX EXPENSE
9.2
10.2NET INCOME
$ 50.2
$ 62.7BASIC AVERAGE COMMON SHARES OUTSTANDING
206.3
201.2DILUTED AVERAGE COMMON SHARES OUTSTANDING
207.2
201.9BASIC EARNINGS PER AVERAGE COMMON SHARE
$ 0.24
$ 0.31DILUTED EARNINGS PER AVERAGE COMMON SHARE
$ 0.24
$ 0.31 OKLAHOMA GAS AND ELECTRIC COMPANYCONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME(Unaudited)
Three Months Ended
March 31,(In millions)
2026
2025OPERATING REVENUES
Revenues from contracts with customers
$ 736.7
$ 741.1Other revenues
15.9
6.6Operating revenues
752.6
747.7FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE
336.7
324.0OPERATING EXPENSES
Other operation and maintenance
136.8
121.8Depreciation and amortization
136.4
137.4Taxes other than income
29.9
31.2Operating expenses
303.1
290.4OPERATING INCOME
112.8
133.3OTHER INCOME (EXPENSE)
Allowance for equity funds used during construction
7.5
7.0Other net periodic benefit expense
(2.5)
(2.5)Other income
2.7
5.3Other expense
(0.8)
(0.9)Net other income
6.9
8.9INTEREST EXPENSE
Interest on long-term debt
60.6
55.6Allowance for borrowed funds used during construction
(3.6)
(4.5)Interest on short-term debt and other interest charges
(7.0)
5.7Interest expense
50.0
56.8INCOME BEFORE TAXES
69.7
85.4INCOME TAX EXPENSE
11.8
14.4NET INCOME
$ 57.9
$ 71.0Other comprehensive income, net of tax
—
—COMPREHENSIVE INCOME
$ 57.9
$ 71.0
OKLAHOMA GAS AND ELECTRIC COMPANYFINANCIAL AND STATISTICAL DATAOKLAHOMA GAS AND ELECTRIC COMPANYFINANCIAL AND STATISTICAL DATA
Three Months Ended
March 31,(Dollars in millions)
2026
2025Operating revenues by classification:
Residential
$ 260.4
$ 287.3Commercial
212.0
208.8Industrial
60.7
62.2Oilfield
58.4
59.2Public authorities and street light
61.9
60.8System sales revenues
653.4
678.3Provision for rate refund
—
3.0Integrated market
47.3
21.3Transmission
40.7
39.8Other
11.2
5.3Total operating revenues
$ 752.6
$ 747.7MWh sales by classification (In millions)
Residential
2.1
2.5Commercial
2.8
2.7Industrial
1.0
1.0Oilfield
1.1
1.1Public authorities and street light
0.7
0.7System sales
7.7
8.0Integrated market
0.3
0.2Total sales
8.0
8.2Number of customers
915,232
908,851Weighted-average cost of energy per kilowatt-hour (In cents)
Natural gas
7.454
5.345Coal
2.576
2.745Total fuel
5.577
3.905Total fuel and purchased power
4.012
3.795Degree days (A)
Heating - Actual
1,383
1,900Heating - Normal
1,889
1,889Cooling - Actual
92
19Cooling - Normal
10
10
(A) Degree days are calculated as follows: The high and low degrees of a particular day are added together and then averaged. If the
calculated average is above 65 degrees, then the difference between the calculated average and 65 is expressed as cooling degree days, with
each degree of difference equaling one cooling degree day. If the calculated average is below 65 degrees, then the difference between the
calculated average and 65 is expressed as heating degree days, with each degree of difference equaling one heating degree day. The daily
calculations are then totaled for the particular reporting period. The calculation of heating and cooling degree normal days is based on a 30-
year average and weighted on a jurisdictional split
View original content:https://www.prnewswire.com/news-releases/oge-energy-corp-reports-first-quarter-2026-results-302756774.htmlSOURCE OGE Energy Corp.
Original: OGE Energy Corp. reports first quarter 2026 results
US Market News
4月前
OGE Energy Corp. reports 2025 results and outlook for 2026February 18, 2026 7:00 AM
PR Newswire (US)
OKLAHOMA CITY, Feb. 18, 2026 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), today reported earnings of $2.32 per diluted share in 2025, compared to $2.19 per diluted share in 2024.
OG&E, a regulated electric company, contributed earnings of $2.47 per diluted share in 2025, compared to earnings of $2.33 per diluted share in 2024.Other operations, which includes the holding company, contributed a loss of $0.15 per diluted share in 2025, compared to a loss of $0.14 per diluted share in 2024."Our momentum in 2025 delivered strong results that reflect our disciplined approach and continued commitment to deliver reliable electricity at low rates for our customers," said Sean Trauschke, OGE Energy Corp. Chairman, President and CEO. "Our progress reflects our employees' dedication and focus to building a resilient energy future grounded in safety and community focus. We are well-positioned to continue our growth trajectory as we move into 2026 and beyond."Discussion of 2025 Results
OG&E contributed net income of $499.8 million, or $2.47 per diluted share, in 2025 compared to $469.9 million, or $2.33 per diluted share, in 2024. The increase in net income was primarily driven by higher operating revenue from the recovery of capital investments and strong load growth, partially offset by higher depreciation and interest expense on a growing asset base. Other Operations resulted in a loss of $29.1 million, or $0.15 per diluted share, in 2025 compared to a loss of $28.4 million, or $0.14 per diluted share, in 2024. The increase in net loss was primarily due to higher interest expense, partially offset by a one-time benefit related to legacy midstream operations. OGE Energy's net income was $470.7 million or $2.32 per diluted share in 2025, compared to earnings of $441.5 million, or $2.19 per diluted share, in 2024.Fourth Quarter Results
For the three months ended December 31, 2025, OGE Energy reported net income of $69.2 million, or $0.34 per diluted share, compared with net income of $101.9 million, or $0.50 per diluted share, in the same period of 2024.OG&E reported net income of $78.2 million, or $0.38 per diluted share, compared with net income of $110.4 million, or $0.55 per diluted share, in the same period of 2024. The decrease in net income was primarily driven by the recognition of six months of the interim order in the fourth quarter of 2024 related to the Oklahoma rate review settlement, along with higher operation and maintenance expense, partially offset by strong load growth, and lower income taxes and interest expense.Other operations reported a loss of $9.0 million, or $0.04 per diluted share, compared to a loss of $8.5 million, or $0.05 per diluted share in the same period 2024.2026 Outlook and Consolidated Earnings per Share Growth Rate
The midpoint of OGE Energy's consolidated earnings guidance for 2026 is $2.43 per average diluted share, within a range of $2.38 to $ 2.48 per average diluted share. The Company forecasts earnings for OG&E, the electric company, of $2.57 per average diluted share and earnings for the holding company of a loss of $0.14 per average diluted share. The Company expects to grow consolidated earnings per share annually between 5% and 7% from the midpoint of 2026's guidance range and is targeting the top half of the range through 2028.The guidance assumes, among other things, approximately 207.3 million average diluted shares outstanding and normal weather for the remainder of the year. OG&E has significant seasonality in its earnings due to weather on a year- over-year basis.More information regarding the Company's financial results and 2026 earnings guidance is contained in the Company's Form 10-K filed with the Securities and Exchange Commission.Dividend Declared
On February 17, 2026, the Company's Board of Directors approved a second quarter dividend of $0.425 per common share of stock, to be paid April 24, 2026, to shareholders of record on April 6, 2026.Conference Call Webcast
OGE Energy Corp. will host an earnings and business update on Wednesday, February 18, 2026, at 8 a.m. CST. The conference will be available through the Investor Center at www.oge.com.Some of the matters discussed in this news release 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," "forecast," "intend," "objective," "plan," "possible," "potential," "project," "target" and similar expressions. Actual results may vary materially. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: general economic conditions, including the availability of credit, access to existing lines of credit, access to the commercial paper markets, actions of rating agencies and inflation rates, and their impact on capital expenditures; the ability of the Company to access the capital markets and obtain financing on favorable terms, as well as inflation rates and monetary fluctuations; the ability to obtain timely and sufficient rate relief to allow for recovery of items such as capital expenditures, fuel and purchased power costs, operating costs, transmission costs and deferred expenditures; prices and availability of electricity, coal and natural gas; competitive factors, including the extent and timing of the entry of additional competition in the markets served by the Company, potentially through deregulation; the impact on demand for the Company's services resulting from cost-competitive advances in technology, such as distributed electricity generation and customer energy efficiency programs; technological developments, changing markets and other factors that result in competitive disadvantages and create the potential for impairment of existing assets; factors affecting utility operations such as unusual weather conditions; catastrophic weather-related damage; unscheduled generation outages; unusual maintenance or repairs; unanticipated changes to fossil fuel, natural gas or coal supply costs or availability due to higher demand, shortages, transportation problems or other developments; environmental incidents; or electric transmission or gas pipeline system constraints; availability and prices of raw materials and equipment for current and future construction projects; the effect of retroactive pricing of transactions in the SPP markets adjustments in market pricing mechanisms by the SPP, or allocation of transmission upgrade costs; federal or state legislation and regulatory decisions and initiatives that affect cost and investment recovery, have an impact on rate structures or affect the speed and degree to which competition enters the Company's markets; environmental laws, safety laws or other regulations that may impact the cost of operations, restrict or change the way the Company's facilities are operated or result in stranded assets; the ability of the Company to meet future capacity requirements mandated by the SPP, which could be impacted by future load growth, environmental regulations, and the availability of resources; changes in accounting standards, rules or guidelines; the discontinuance of accounting principles for certain types of rate-regulated activities; the cost of protecting assets against, or damage due to, terrorism or cyberattacks, including the Company losing control of its assets and potential ransoms, and other catastrophic events; the availability, cost, coverage and terms of insurance; changes in the use, perception or regulation of generative artificial intelligence technologies, which could limit the Company's ability to utilize such technology, create risk of enhanced regulatory scrutiny, generate uncertainty around intellectual property ownership, licensing or use, or which could otherwise result in risk of damage to the Company's business, reputation or financial results; creditworthiness of suppliers, customers and other contractual parties, including large, new customers from industries such as cryptocurrency and data centers; social attitudes regarding the electric utility and power industries; identification of suitable investment opportunities to enhance shareholder returns and achieve long-term financial objectives through business acquisitions and divestitures; increased pension and healthcare costs; national and global events that could adversely affect and/or exacerbate macroeconomic conditions, including inflationary pressures, interest rate fluctuations, supply chain disruptions, economic recessions, pandemic health events, tariffs and uncertainty surrounding continued hostilities or sustained military campaigns, and their collateral consequences; costs and other effects of legal and administrative proceedings, settlements, investigations, claims and matters, including, but not limited to, other risk factors listed in the reports filed by the Company with the Securities and Exchange Commission, including those listed within the Company's most recent Form 10-K for the year ended December 31, 2025. OGE ENERGY CORP.CONSOLIDATED STATEMENTS OF INCOME
Year Ended December 31 (In millions except per share data)
2025
2024
2023OPERATING REVENUES
Revenues from contracts with customers
$ 3,190.9
$ 2,916.6
$ 2,607.3Other revenues
69.2
68.7
67.0Operating revenues
3,260.1
2,985.3
2,674.3FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE
1,259.9
1,076.4
911.7OPERATING EXPENSES
Other operation and maintenance
531.6
514.4
502.6Depreciation and amortization
559.8
539.5
506.6Taxes other than income
109.4
109.7
103.2Operating expenses
1,200.8
1,163.6
1,112.4OPERATING INCOME
799.4
745.3
650.2OTHER INCOME (EXPENSE)
Allowance for equity funds used during construction
26.0
25.5
19.4Other net periodic benefit (expense) income
(11.0)
(2.2)
5.6Other income
39.4
30.6
48.2Other expense
(23.0)
(24.1)
(29.0)Net other income
31.4
29.8
44.2INTEREST EXPENSE
Interest on long-term debt
261.0
228.3
205.0Allowance for borrowed funds used during construction
(15.8)
(14.6)
(7.1)Interest on short-term debt and other interest charges
25.1
40.8
23.5Interest expense
270.3
254.5
221.4INCOME BEFORE TAXES
560.5
520.6
473.0INCOME TAX EXPENSE
89.8
79.1
56.2NET INCOME
$ 470.7
$ 441.5
$ 416.8BASIC AVERAGE COMMON SHARES OUTSTANDING
201.9
200.8
200.3DILUTED AVERAGE COMMON SHARES OUTSTANDING
202.5
201.3
200.9BASIC EARNINGS PER AVERAGE COMMON SHARE
$ 2.33
$ 2.20
$ 2.08DILUTED EARNINGS PER AVERAGE COMMON SHARE
$ 2.32
$ 2.19
$ 2.07 OKLAHOMA GAS AND ELECTRIC COMPANYSTATEMENTS OF INCOME AND COMPREHENSIVE INCOME
Year Ended December 31 (In millions)
2025
2024
2023OPERATING REVENUES
Revenues from contracts with customers
$ 3,190.9
$ 2,916.6
$ 2,607.3Other revenues
69.2
68.7
67.0Operating revenues
3,260.1
2,985.3
2,674.3FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE
1,259.9
1,076.4
911.7OPERATING EXPENSES
Other operation and maintenance
531.0
514.1
505.0Depreciation and amortization
559.8
539.5
506.6Taxes other than income
109.4
109.7
99.4Operating expenses
1,200.2
1,163.3
1,111.0OPERATING INCOME
800.0
745.6
651.6OTHER INCOME (EXPENSE)
Allowance for equity funds used during construction
26.0
25.5
19.4Other net periodic benefit (expense) income
(10.3)
(1.6)
6.5Other income
17.3
12.5
23.9Other expense
(2.6)
(4.5)
(6.3)Net other income
30.4
31.9
43.5INTEREST EXPENSE
Interest on long-term debt
237.8
212.0
200.4Allowance for borrowed funds used during construction
(15.8)
(14.6)
(7.1)Interest on short-term debt and other interest charges
3.5
17.0
6.6Interest expense
225.5
214.4
199.9INCOME BEFORE TAXES
604.9
563.1
495.2INCOME TAX EXPENSE
105.1
93.2
68.8NET INCOME
499.8
469.9
426.4Other comprehensive income, net of tax
—
—
—COMPREHENSIVE INCOME
$ 499.8
$ 469.9
$ 426.4
OKLAHOMA GAS AND ELECTRIC COMPANYFINANCIAL AND STATISTICAL DATA
Three Months Ended
Year Ended
December 31,
December 31,(Dollars in millions)
2025
2024
2025
2024Operating revenues by classification:
Residential
$ 249.5
$ 250.4
$ 1,205.8
$ 1,148.5Commercial
224.4
213.0
978.2
839.1Industrial
61.3
64.1
265.3
254.1Oilfield
57.3
61.3
242.8
227.7Public authorities and street light
63.1
63.4
276.1
262.0System sales revenues
655.6
652.2
2,968.2
2,731.4Provision for rate refund and tax refund
—
40.5
3.0
(3.0)Integrated market
20.4
23.2
91.6
74.5Transmission
38.7
38.2
159.4
152.9Other
11.1
6.4
37.9
29.5Total operating revenues
$ 725.8
$ 760.5
$ 3,260.1
$ 2,985.3MWh sales by classification (In millions)
Residential
2.0
2.0
9.7
9.8Commercial
3.1
2.7
12.4
10.5Industrial
1.0
1.0
4.1
4.2Oilfield
1.1
1.1
4.3
4.4Public authorities and street light
0.8
0.7
3.1
3.1System sales
8.0
7.5
33.6
32.0Integrated market
0.2
0.2
0.8
0.8Total sales
8.2
7.7
34.4
32.8Number of customers
913,305
906,952
913,305
906,952Weighted-average cost of energy per kilowatt-hour (In cents)
Natural gas
4.785
3.770
3.911
2.640Coal
2.689
3.142
2.744
3.083Total fuel
3.733
3.401
3.343
2.637Total fuel and purchased power
3.350
3.751
3.502
3.139Degree days (A)
Heating - Actual
996
979
3,052
2,791Heating - Normal
1,414
1,413
3,572
3,568Cooling - Actual
174
174
2,060
2,313Cooling - Normal
62
62
1,890
1,893
(A) Degree days are calculated as follows: The high and low degrees of a particular day are added together and then averaged. If the calculated average is above 65 degrees, then the difference between the calculated average and 65 is expressed as cooling degree days, with each degree of difference equaling one cooling degree day. If the calculated average is below 65 degrees, then the difference between the calculated average and 65 is expressed as heating degree days, with each degree of difference equaling one heating degree day. The daily calculations are then totaled for the particular reporting period. The calculation of heating and cooling degree normal days is based on a 30-year average and weighted on a jurisdictional split.
View original content:https://www.prnewswire.com/news-releases/oge-energy-corp-reports-2025-results-and-outlook-for-2026-302691246.htmlSOURCE OGE Energy Corp.
Original: OGE Energy Corp. reports 2025 results and outlook for 2026