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OGE Energy’s 550 MW 2026 Expansion — Can New Load Sustain The Investment Cycle? 

OGE Energy Corp. reported consolidated earnings of $0.56 per diluted share for the second quarter of 2026, an increase from $0.53 per share in the same period of 2025. The core electric utility business contributed net income of approximately $120 million, up from $108 million year-over-year, largely driven by warmer weather conditions, and reduced depreciation and interest expenses associated with new assets. This positive was partially offset by increased operations and maintenance expenses. The holding company experienced a loss of $4 million, compared with a loss of less than $1 million in the prior year quarter, primarily due to higher interest costs and the absence of a one-time benefit recognized in 2025 from legacy midstream operations. Despite this, the company reaffirmed its 2026 consolidated earnings guidance between $2.38 and $2.48 per share, with a midpoint of $2.43, signaling confidence in its financial outlook.