OGE Energy Reports Strong Q4 Growth, Projects 8.5% Rise for 2025

OGE Energy Corp. reported a strong performance in its Q4 earnings call, with earnings of $101.9 million, or $0.50 per share, surpassing analyst expectations of $0.49 per share, and significantly up from $48.2 million, or $0.24 per share, from the previous year. Revenue rose 34.2% to $760.5 million compared to $566.7 million last year, reflecting robust load and customer growth, including a notable 21.4% increase in load from the commercial sector. The company achieved a consolidated earnings figure of $2.19 per share for 2024, with its regulated electric company, OG&E, contributing $2.33 per share. OGE Energy also reported exceptional weather-normalized load growth of 7.6% for 2024 and forecasts an 8.5% growth for 2025. Despite experiencing a loss in its holding company operations, the overall sentiment remained optimistic, supported by successful operational strategies and investments in infrastructure. Sean Trauschke, CEO, emphasized the company's commitment to community growth and energy reliability as it continues to meet the growing energy needs of its service area.