OGE Energy Corp.: Is Its Strong Load Growth Across Sectors Here To Stay?

OGE Energy Corp reported its third-quarter 2024 financial results, revealing consolidated earnings of $1.09 per share, fueled by robust energy demand across all sectors and a significant rise in customer growth, which surpassed historical averages. The electric company recorded earnings of $1.12 per share, while the holding company posted a loss of $0.03. The company’s operational excellence and enhanced digital services to customers played a crucial role in these outcomes. Meanwhile, the company foresees reaching the higher end of its original earnings guidance of $2.06 to $2.18 per share for the year.