StockWatch
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Electric Utilities: Central
Quarterly ResultApr 29, 2026, 06:07 AM

OGE Q1 EPS $0.24, down from $0.31 YoY; Net Income $50.2M

AI Summary

OGE Energy Corp. reported Q1 2026 earnings of $0.24 per diluted share, a decrease from $0.31 in Q1 2025, with consolidated net income falling to $50.2 million from $62.7 million year-over-year. The regulated electric company, OG&E, contributed $0.28 per diluted share, primarily impacted by mild weather and higher operation and maintenance expenses. Despite the Q1 decline, the company reaffirmed its 2026 consolidated earnings guidance of $2.43 per average diluted share, within a range of $2.38 to $2.48.

Key Highlights

  • OGE Q1 2026 diluted EPS: $0.24, down from $0.31 in Q1 2025.
  • OGE Q1 2026 net income: $50.2M, down from $62.7M in Q1 2025.
  • OG&E Q1 2026 diluted EPS: $0.28, down from $0.35 in Q1 2025.
  • OG&E Q1 2026 net income: $57.9M, down from $71.0M in Q1 2025.
  • Other operations Q1 2026 loss: $0.04 per diluted share, same as Q1 2025.
  • Q1 2026 Operating Revenues: $752.6M, up from $747.7M in Q1 2025.
  • 2026 consolidated earnings guidance reaffirmed at $2.43 per diluted share.