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Stock impact report

OGE Energy Corp. reports 2023 results and outlook for 2024

OGE Energy Corp (OGE) 
Last oge energy corp earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: PR Newswire
OKLAHOMA CITY, Feb. 21, 2024 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), today reported earnings of $2.07 per diluted share in 2023, compared to $3.32 per diluted share in 2022. Earnings for 2022 included net income of $1.16 per diluted share from natural gas midstream operations, which OGE Energy fully exited in 2022 through the sale of all Energy Transfer units. Beginning in 2023, OGE Energy no longer has a Natural Gas Midstream Operations reporting segment.OG&E, a regulated electric company, contributed earnings of $2.12 per diluted share in 2023, compared to earnings of $2.19 per diluted share in 2022.Other operations, which includes the holding company, contributed a loss of $0.05 per diluted share compared to a loss of $0.03 per diluted share in 2022."In 2023, our team delivered outstanding results as we provided safe and reliable electricity to our customers," said Sean Trauschke, Chairman, President and CEO of Show less Read more
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