OGE Energy (OGE) investor relations material

Executive summary

• Q3 2025 net income was $231.3 million ($1.14 per diluted share), up from $218.7 million ($1.09 per share) in Q3 2024, with electric operations contributing $1.20 per share and other operations incurring a $0.06 loss.

• Growth was driven by increased recovery of capital investments, operational excellence, and constructive regulatory outcomes, partially offset by higher O&M, tax expenses, and milder weather.

• The company expects to deliver 2025 results in the top half of its $2.21–$2.33 per share guidance range, assuming normal weather.

• Major projects include ongoing construction of 550 MW of natural gas turbines and a settlement agreement in Oklahoma.

Financial highlights

• Q3 2025 operating revenues were $1,045.0 million, up 8.2% year-over-year; Q3 operating income was $341.3 million, up from $313.2 million.

• Q3 net income margin was 22.1%; Q3 operating margin was 32.7%.

• Electric segment net income for Q3 2025 was $242.9 million, up from $225.0 million year-over-year.

• Other operations posted a Q3 2025 loss of $11.6 million, mainly due to higher interest expense.

• Dividends declared per share for the nine months were $1.26750, up from $1.25765 year-over-year.

Outlook and guidance

• 2025 consolidated earnings are expected in the top half of the $2.21–$2.33 per share range, with capital expenditures of $6.5 billion planned through 2029.

• Weather-normalized load growth forecast at 7.5% in 2025, with customer growth just under 1%.

• Long-term EPS growth projected at 5%-7% annually, with a stable and growing dividend.