OGE Energy Corp. reported diluted earnings of $2.19 per share for the full year 2024, an increase from $2.07 per diluted share in 2023. The company's consolidated net income for 2024 reached $441.5 million, up from $416.8 million in the previous year, driven by exceptional load growth and higher operating revenues.
For the fourth quarter of 2024, OGE Energy reported net income of $101.9 million, or $0.50 per diluted share, a significant increase from $48.2 million, or $0.24 per diluted share, in Q4 2023. This improvement was largely due to higher operating revenues from the interim order approving the Oklahoma rate review settlement and continued strong load growth.
Looking ahead, OGE Energy provided consolidated earnings guidance for 2025 with a midpoint of $2.27 per average diluted share, within a range of $2.21 to $2.33. The company also announced a target of 5% to 7% annual EPS growth through 2029, based on the 2025 midpoint, signaling confidence in its long-term financial trajectory.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.