OGE · 10-Q · 2026Q1 · Full report
Quarterly Results Snapshot
OGE ENERGY CORP. · 2026-04-29 · Importance 50 · Surprise 30
OGE Energy reported consolidated net income of $50.2 million, or $0.24 per diluted share, for the three months ended March 31, 2026 versus $62.7 million, or $0.31 per diluted share, in the same period of 2025, a decrease of $12.5 million.,OG&E (the electric company) contributed net income of $57.9 million in Q1 2026 versus $71.0 million in Q1 2025, a decrease of $13.1 million, driven primarily by lower operating revenues (excluding recoverable fuel/purchased power) and higher other O&M.,OGE Energy's consolidated 2026 guidance remained unchanged at $494 million to $514 million of earnings, or $2.38 to $2.48 per average diluted share, with OG&E projected to earn approximately $533 million for the year.
Key facts
- OGE Energy 2026 consolidated earnings guidance remains $494 million to $514 million, or $2.38 to $2.48 per average diluted share.
- OG&E is projected to earn approximately $533 million, or $2.57 per average diluted share for 2026.
- Other operations projected loss for 2026: $30 million, or $0.14 per average diluted share.
- OG&E reported a net income decrease of $13.1 million, or 18.5 percent, during the three months ended March 31, 2026 compared to the same period in 2025.
- Decrease in OGE Energy net income year-over-year: $12.5 million, or $0.07 per diluted share.
- Operating income for OG&E for the three months ended March 31, 2026: $112.8 million versus $133.3 million in 2025.
- OGE Energy net income for the three months ended March 31, 2026: $50.2 million, or $0.24 per diluted share.
- OG&E (Electric Company) net income for the three months ended March 31, 2026: $57.9 million.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -2.7% | Operating income for OG&E for the three months ended March 31, 2026: $112.8 million versus $133.3 million in 2025. |
| net_income | negative | realized | -1.7% | OG&E reported a net income decrease of $13.1 million, or 18.5 percent, during the three months ended March 31, 2026 compared to the same… |
| net_income | negative | realized | -1.7% | Decrease in OGE Energy net income year-over-year: $12.5 million, or $0.07 per diluted share. |
| operating_income | positive | realized | +0.1% | Allowance for equity funds used during construction for OG&E for the three months ended March 31, 2026: $7.5 million versus $7.0 million… |
| net_income | unclear | committed | — | OGE Energy 2026 consolidated earnings guidance remains $494 million to $514 million, or $2.38 to $2.48 per average diluted share. |
| net_income | unclear | committed | — | OG&E is projected to earn approximately $533 million, or $2.57 per average diluted share for 2026. |
| operating_income | negative | committed | — | Other operations projected loss for 2026: $30 million, or $0.14 per average diluted share. |
| net_income | positive | realized | — | OGE Energy net income for the three months ended March 31, 2026: $50.2 million, or $0.24 per diluted share. |
| liability | negative | realized | — | Dividends declared per common share for the three months ended March 31, 2026: $0.42500. |
| net_income | negative | realized | — | Other operations net loss for the three months ended March 31, 2026: $(7.7) million. |