OGE Energy Corp. reported diluted earnings of $0.31 per share for the first quarter ended March 31, 2025, a substantial increase from $0.09 per diluted share in the same period of 2024. The company's consolidated net income for the quarter was $62.7 million, up from $18.6 million in Q1 2024.
The electric company segment, OG&E, was a primary driver of this growth, contributing $71.0 million in net income, or $0.35 per diluted share, compared to $25.2 million, or $0.12 per diluted share, in Q1 2024. This increase was mainly due to higher operating revenues from the recovery of capital investments and strong load growth, alongside lower operation and maintenance expense.
OGE Energy's 2025 consolidated earnings guidance remains unchanged, projected at $2.27 per average diluted share within a range of $2.21 to $2.33. The company continues to serve approximately 909,000 customers across Oklahoma and western Arkansas, with increased customer demand fueling its positive momentum into 2025.
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