OGE

EX-99.01

2 oge-ex99_01.htm

EX-99.01

EX-99.01

Exhibit 99.01

OGE Energy Corp. reports third quarter 2026 results

OKLAHOMA CITY — OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), today reported earnings of $1.52 per diluted share during the three months that ended September 30, 2026, compared to $1.14 per diluted share in the third quarter 2025.

• OG&E, a regulated electric company, contributed earnings of $1.54 per diluted share in the third quarter, compared to earnings of $1.20 per diluted share in the third quarter 2025.

• Other operations, which includes the holding company, contributed a loss of $0.02 per diluted share compared to a loss of $0.06 per diluted share in the third quarter of 2025.

"I'm proud of our team for delivering reliable service through record-setting weather conditions while continuing to execute on investments that strengthen the grid and position us to support future growth across our region," said Sean Trauschke, Chairman, President and CEO of OGE Energy Corp.

Third Quarter 2026 results

OG&E contributed net income of $320.9 million, or $1.54 per diluted share, in the third quarter compared to $242.9 million, or $1.20 per diluted share, in the same period 2025. The increase in net income was driven by stronger sales from significantly warmer weather, partially offset by increased income tax expense.

Other Operations resulted in a loss of $4.7 million, or $0.02 per diluted share, in the third quarter compared to a loss of $11.6 million, or $0.06 per diluted share, in the same period 2025. Results were driven by higher income from energy-related investments and lower interest expense.

OGE Energy's net income was $316.2 million or $1.52 per diluted share in the third quarter, compared to earnings of $231.3 million, or $1.14 per diluted share, in the same period 2025.

2026 Outlook

Due to warmer than normal weather, OGE Energy expects to exceed its original 2026 earnings guidance range. OGE Energy now expects consolidated earnings between $2.62 to $2.68 per average diluted share. The guidance assumes, among other things, normal weather for the remainder of the year. OG&E has significant seasonality in its earnings due to weather on a year-over-year basis.

See OGE Energy’s 2025 Form 10-K for other key factors and assumptions underlying its 2026 guidance.

Conference Call Webcast

OGE Energy Corp. will host an earnings and business update conference call on Wednesday, October 28, 2026, at 8 a.m. CDT. The conference will be available through the Investor Center at www.oge.com.

Some of the matters discussed in this news release may contain forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements are intended to be identified in this document by the words "anticipate," "believe," "estimate," "expect," "forecast," "intend," "objective," "plan," "possible," "potential," "project," "target" and similar expressions. Actual results may vary materially. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: general economic conditions, including the availability of credit, access to existing lines of credit, access to the commercial paper markets, actions of rating agencies and inflation rates, and their impact on capital expenditures; the ability of the Company to access the capital markets and obtain financing on favorable terms, as well as inflation rates and monetary fluctuations; the ability to obtain timely and sufficient rate relief to allow for recovery of items such as capital expenditures, fuel and purchased power costs, operating costs, transmission costs and deferred expenditures; prices and availability of electricity, coal and natural gas; competitive factors, including the extent and timing of the entry of additional competition in the markets served by the Company, potentially through deregulation; the impact on demand for the Company's services resulting from cost-competitive advances in technology, such as distributed electricity generation and customer energy efficiency programs; technological developments, changing markets and other factors that result in competitive disadvantages and create the potential for impairment of existing assets; factors affecting utility operations such as unusual weather conditions; catastrophic weather-related damage; unscheduled generation outages; unusual maintenance or repairs; unanticipated changes to fossil fuel, natural gas or coal supply costs or availability due to higher demand, shortages, transportation problems or other developments; environmental incidents; or electric transmission or gas pipeline system constraints; availability and prices of raw materials and equipment for current and future construction projects; the effect of retroactive pricing of transactions in the SPP markets, adjustments in market pricing mechanisms by the SPP,

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