OGE Energy Reports Higher Third Quarter Earnings While OG&E Lowers Rates
OKLAHOMA CITY — The same week Oklahoma Gas and Electric (OG&E) announced a more than 4% drop in electric rates starting in November, its parent company, OGE Energy Corp., reported a substantial increase in third quarter 2025 earnings.
OGE Energy Third Quarter 2025 Financial Results
OGE Energy Corp. recorded earnings of $1.14 per diluted share for the three months ending September 30, 2025, compared to $1.09 per diluted share in the same quarter of 2024.
The regulated electric utility, OG&E, contributed $1.20 per share, up from $1.12 per diluted share a year earlier. The company’s other operations, which include the holding company, recorded a loss of $0.06 per diluted share, compared to a loss of $0.03 per diluted share in third quarter 2024.
“Our third quarter results demonstrate the strength of our business and commitment of the team,” said Sean Trauschke, Chairman, President, and CEO of OGE Energy Corp. “With approximately 550 MW of new natural gas turbines under construction and more planned, we are proactively addressing the region’s growing energy needs as we maintain some of the lowest rates in the nation for our customers.”
Earnings Breakdown: OG&E and Other Operations
OG&E posted net income of $242.9 million, or $1.20 per diluted share, in the third quarter compared to $225.0 million, or $1.12 per diluted share, during the same period in 2024. The increase in net income came mainly from increased recovery of capital investments, offset partly by higher operating and maintenance costs, tax expenses, and milder weather conditions.
Other operations showed a net loss of $11.6 million, or $0.06 per share, compared to a loss of $6.3 million, or $0.03 per diluted share, in 2024. The increased net loss stemmed from higher interest expenses, partially offset by a higher income tax benefit.
Overall, OGE Energy’s net income reached $231.3 million, or $1.14 per diluted share, up from $218.7 million, or $1.09 per diluted share, in third quarter 2024.
2025 Outlook and Growth Strategy
OGE Energy continues to project its 2025 consolidated earnings near the top half of its original guidance range of $2.21 to $2.33 per average diluted share. The company expects normal weather conditions for the remainder of the year, though seasonal variations will impact results.
The utility remains focused on infrastructure growth, including new natural gas generation projects, and modernization investments designed to support Oklahoma’s expanding energy needs.
For more details, the company referred investors to its 2024 Form 10-K, which outlines assumptions and key factors behind the 2025 projections.
