OGE Energy (OGE) investor relations material

Executive summary

• Q3 2026 net income rose to $316.2 million from $231.3 million, with diluted EPS of $1.52 versus $1.14; warmer weather and load growth supported results.

• Nine-month net income increased to $482.7 million from $401.5 million, while diluted EPS advanced to $2.32 from $1.99.

Financial highlights

• Q3 operating revenue was $1,182.8 million versus $1,045.0 million; operating income rose to $428.5 million from $341.3 million.

• Nine-month operating revenue reached $2,647.3 million versus $2,534.3 million; operating income was $733.2 million versus $661.2 million.

• Nine-month operating cash flow was $894.1 million versus $752.3 million; investing outflow was $827.3 million versus $806.8 million.

Outlook and guidance

• FY 2026 consolidated EPS guidance increased to $2.62–$2.68, assuming normal weather for the rest of the year.

• Targeting 5%–7% consolidated EPS growth through 2030 and the top half of the range in 2027–28; dividend payout ratio target is 55%–60%.

• The 2026 IRP identifies 1,922 MW of capacity needs by winter 2031/32, including ~800 MW related to revised SPP resource-adequacy policies.

• Generation additions target ~1.7 GW by 2029; ~1.1 GW of capacity need remains from the 2026 RFP by 2032.