OGE Energy Q1 profit falls to $0.24 per share from $0.31; 2026 guidance unchanged
OGE Energy reported first quarter 2026 net income of $50.2 million, or $0.24 per diluted share, down from $62.7 million, or $0.31, a year earlier, while operating revenues rose slightly to $752.6 million from $747.7 million. The company said mild weather and higher operation and maintenance expense drove the decline at its regulated utility, Oklahoma Gas and Electric Company, and it left its 2026 earnings guidance of $2.38 to $2.48 per diluted share unchanged.
Key points
- Net income was $50.2 million, or $0.24 per diluted share, versus $62.7 million, or $0.31, in the first quarter of 2025.
- Operating revenues were $752.6 million, up from $747.7 million a year earlier.
- OG&E contributed $0.28 per diluted share, down from $0.35; heating degree days were 1,383 versus 1,900 a year earlier.
- 2026 consolidated earnings guidance remains $2.43 per diluted share, within a range of $2.38 to $2.48, assuming normal weather for the rest of the year.
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.