NYSE
10 days, 13 hours ago 
OGE
Oge Energy CORP
Form 4: OGE Energy Director Accrues Additional Deferred Compensation Units
OGE Energy Corp. Director David E. Rainbolt has accrued an additional 321.4445 stock equivalent units under the company's Deferred Compensation Plan, to be settled in cash.
NYSE
38 days, 11 hours ago 
OGE
Oge Energy CORP
Form 4: OGE Energy VP Sells Over 11,000 Shares in Pre-Planned Transaction
Donnie O. Jones, VP-Utility Operations at OGE Energy Corp., reported the sale of 11,351 shares of common stock for approximately $44.06 per share, executed under a Rule 10b5-1 trading plan.
NYSE
46 days, 12 hours ago 
OGE
Oge Energy CORP
Form 4: OGE Energy Corp. Director Frank A. Bozich Acquires Additional Shares
Director Frank A. Bozich reports the acquisition of 1,000 shares of OGE Energy Corp. common stock at a price of $44.685 per share.
NYSE
52 days, 11 hours ago 
OGE
Oge Energy CORP
8-K: OGE Energy Corp. Announces Election of Directors and Q3 Dividend
OGE Energy Corp. held its annual shareholder meeting on May 15, 2025, where directors were elected, the appointment of Ernst & Young LLP was ratified, executive compensation was approved on an advisory basis, and a third quarter dividend was declared.
NYSE
61 days, 11 hours ago 
OGE
Oge Energy CORP
Form 4: OGE Energy Corp. Executive William Sultemeier Reports Stock Sale
William Sultemeier, GC, Corp. Sec & CCO of OGE Energy Corp., reports the sale of 6,650 shares of common stock on May 6, 2025.
NYSE
62 days, 6 hours ago 
OGE
Oge Energy CORP
DEFA14A: OGE Energy Corp. to Hold Virtual Annual Meeting, Shareholders Urged to Vote
OGE Energy Corp. will hold its annual shareholder meeting virtually on May 15, 2025, with shareholders encouraged to vote on key proposals including director elections and executive compensation.
NYSE
68 days, 6 hours ago 
OGE
Oge Energy CORP
8-K: OGE Energy Corp. Reports Strong First Quarter 2025 Earnings, Driven by Customer Demand and Growth
OGE Energy Corp. announces first quarter 2025 earnings of $0.31 per diluted share, a significant increase compared to $0.09 per diluted share in the same period of 2024, driven by increased customer demand and growth.
Better than expected
 
NYSE
68 days, 6 hours ago 
OGE
Oge Energy CORP
10-Q: OGE Energy Corp. Reports Strong Q1 2025 Earnings, Driven by Rate Increases and Load Growth
OGE Energy Corp. announces a significant increase in net income for Q1 2025, primarily driven by higher operating revenues at OG&E and effective cost management.
Better than expected
 
NYSE
96 days, 11 hours ago 
OGE
Oge Energy CORP
DEFA14A: OGE Energy Corp. Files Definitive Additional Proxy Materials
OGE Energy Corp. has filed definitive additional materials related to its proxy statement with the Securities and Exchange Commission.
NYSE
96 days, 11 hours ago 
OGE
Oge Energy CORP
DEF: OGE Energy Corp. Aims to Streamline Governance with Proposed Supermajority Voting Elimination
OGE Energy Corp. is seeking shareholder approval to amend its Restated Certificate of Incorporation to eliminate supermajority voting provisions, potentially simplifying corporate governance.
Better than expected
 
OGE 
Oge Energy CORP 
NYSE

DEF: OGE Energy Corp. Aims to Streamline Governance with Proposed Supermajority Voting Elimination

Sentiment:
 Proxy Statement
 1 April 2025 4:39 PM

OGE Energy Corp. is seeking shareholder approval to amend its Restated Certificate of Incorporation to eliminate supermajority voting provisions, potentially simplifying corporate governance.

Better than expected
  The company's consolidated earnings per share, excluding midstream results, have a compound annual growth rate of 6% over the past 10 years.  The dividend compound annual growth rate has been 5% over the past 10 years.  Controllable costs per customer have increased less than 1% per year over the past decade. 

Summary
  • OGE Energy Corp. is asking shareholders to approve amendments to its Restated Certificate of Incorporation to eliminate supermajority voting requirements.
  • The supermajority provisions currently require an 80% vote for certain business combinations, amendments to specific articles, and changes to certain bylaws.
  • The Board of Directors recommends voting in favor of the amendments, aligning with past shareholder proposals advocating for simple majority voting.
  • If approved, the amendments would remove the 80% threshold, potentially making it easier to pass key corporate governance changes.
  • The Annual Meeting of Shareholders is scheduled for May 15, 2025, where shareholders will vote on this and other proposals.
Sentiment

Score: 8

Explanation: The document presents a positive outlook for OGE Energy, highlighting strong performance metrics, strategic investments, and a commitment to stakeholders. The focus on reliability, affordability, and sustainability contributes to a favorable sentiment.

Positives
  • The company achieved a 99.94% system uptime in 2024.
  • 98% of customer outages were restored within 24 hours in 2024.
  • Construction is progressing on new generation capacity.
  • The company is expanding generation capacity to meet increasing demand.
  • Rates are among the lowest in the nation and lower than 10 years ago when adjusted for inflation.
  • Consolidated earnings per share, excluding midstream results, have a compound annual growth rate of 6% over the past 10 years.
  • The dividend compound annual growth rate has been 5% over the past 10 years.
  • Controllable costs per customer have increased less than 1% per year over the past decade.
  • The company was recognized as one of the Best In-State Employers in Oklahoma by Forbes magazine and a national 2024 Top Workplace.
Risks
  • Weather extremes in Oklahoma and Arkansas range from blistering heat to frigid cold and violent storms to ice.
  • The company faces risks related to climate, regulatory risk/recoverability, disruptions to fuel supply and the electric grid, operations outages and accidents, catastrophic weather events, increased costs, industry technology, legislative and regulatory policy, economic conditions, cybersecurity, terrorism, health epidemics, and human capital management.
Future Outlook

The company plans for 2025 build on the results of the past 10 years, including maintaining low rates, earnings growth, dividend growth, and cost control while increasing capital investment.

Management Comments
  • Sean Trauschke, Chairman, President and CEO: 'In 2024, we did just that as we marked another year of strong results for OGE Energy Corp. and OG&E, accelerating momentum for the future powered by electricity.'
  • Sean Trauschke, Chairman, President and CEO: 'Low rates are the foundation of our sustainable business model to drive investment in communities from new and expanding businesses, creating jobs, small business development and, in turn, increasing the number of customers we serve.'
  • Sean Trauschke, Chairman, President and CEO: 'Increased demand for electricity delivers unique opportunities for us to further strengthen the grid and position OGE Energy to meet todays rapidly growing energy needs and position us to become home to the industries that will power our future.'
Industry Context

The document highlights OGE Energy's focus on reliability, affordability, and sustainability, aligning with broader industry trends towards grid modernization, renewable energy integration, and customer-centric solutions.

Comparison to Industry Standards
  • The company benchmarks its safety performance against a peer utility group, ranking first in such peer group in 2024.
  • The company provides ESG disclosure reports in accordance with the Edison Electric Institute's (EEI) ESG and sustainability-related reporting.
  • The company's executive compensation program targets total direct compensation at the median amount for a comparable group of executives in the Company Peer Group.
Stakeholder Impact
  • Shareholders: The company's performance and dividend growth directly impact shareholder value.
  • Customers: Investments in reliability and affordable rates benefit customers.
  • Employees: The company's recognition as a top employer and commitment to safety impact employees.
  • Communities: Economic growth and community development initiatives benefit the communities served.
Next Steps
  • Shareholders are encouraged to vote on the proposals outlined in the proxy statement.
  • The company will hold its Annual Meeting of Shareholders on May 15, 2025.
  • The Board of Directors will consider the outcome of the advisory vote on executive compensation when making future decisions.
Key Dates
  • 2002-05-16: Ernst & Young LLP was originally selected as principal independent accountants for the Company.
  • 2010: Directors elected at or prior to the annual meeting of shareholders in 2010 are classified into three classes.
  • 2011: Judy R. McReynolds has been a Director since 2011.
  • 2012: Non-binding shareholder proposals to eliminate the supermajority voting provisions and adopt simple majority voting provisions were included in the Company's proxy statements.
  • 2013: The Board adopted resolutions approving, and recommended that the shareholders vote for, amendments to the Company's Certificate to eliminate the 80 percent supermajority voting standard applicable to a few categories of matters.
  • 2015: David L. Hauser has been a Director since 2015.
  • 2015: Sean Trauschke has been a Director since 2015.
  • 2016: Frank A. Bozich has been a Director since 2016.
  • 2017: J. Michael Sanner has been a Director since 2017.
  • 2018: Peter D. Clarke has been a Director since 2018.
  • 2019: David E. Rainbolt has been a Director since 2019.
  • 2020: Luther (Luke) C. Kissam, IV has been a Director since 2020.
  • 2023: Cathy R. Gates has been a Director since 2023.
  • 2024: The Board of Directors of the Company met on seven occasions during 2024.
  • 2024-12-31: Fiscal year end.
  • 2025-03-17: Record date for the Annual Meeting of Shareholders.
  • 2025-04-01: On or about April 1, 2025, we mailed to our shareholders either (1) a Notice of Internet Availability of Proxy Materials or (2) a copy of our proxy statement, a proxy card and our 2024 annual report.
  • 2025-04-01: Proxy Statement Date.
  • 2025-05-15: Annual Meeting of Shareholders.
  • 2025-11-02: For the 2026 annual meeting, this means that the notice must be provided no earlier than November 2, 2025.
  • 2025-12-02: For the 2026 annual meeting, this means that the notice must be provided no later than December 2, 2025.
Keywords
corporate governance, proxy statement, shareholders, directors, compensation, OGE Energy, voting, electricity, energy
OGE 
Oge Energy CORP 
NYSE
Sector: Utilities
 
Filings with Classifications
Better than expected
29 April 2025 9:42 PM
Earnings Release
  • The company's earnings per share significantly increased from $0.09 to $0.31 compared to the same period last year.
  • OG&E's net income nearly tripled, increasing from $25.2 million to $71.0 million year-over-year.
Better than expected
29 April 2025 9:41 PM
Quarterly Report
  • Net income increased significantly due to higher operating revenues and lower operation and maintenance expenses.
Better than expected
1 April 2025 4:39 PM
Proxy Statement
  • The company's consolidated earnings per share, excluding midstream results, have a compound annual growth rate of 6% over the past 10 years.
  • The dividend compound annual growth rate has been 5% over the past 10 years.
  • Controllable costs per customer have increased less than 1% per year over the past decade.
Capital raise
18 February 2025 6:03 PM
Annual Results
  • OGE Energy expects to issue between $15 million to $25 million of common stock from its Automatic Dividend Reinvestment and Stock Purchase Plan in 2025.
  • In 2025, OG&E expects to issue $300 million to $350 million in long-term debt to help fund general operating needs.
Better than expected
18 February 2025 6:03 PM
Earnings Release
  • OGE Energy reported higher earnings per share for 2024 compared to 2023.
  • OG&E's net income increased significantly in 2024 compared to 2023.
  • The company's fourth quarter results were significantly better than the same period in the previous year.
Worse than expected
4 November 2024 5:48 PM
Quarterly Report
  • The company's earnings per diluted share decreased from $1.20 in Q3 2023 to $1.09 in Q3 2024.
  • OG&E's net income decreased from $246.1 million in Q3 2023 to $225.0 million in Q3 2024.
Worse than expected
4 November 2024 5:46 PM
Quarterly Report
  • Net income and earnings per share were lower in Q3 2024 compared to Q3 2023 due to increased expenses.
  • Net income and earnings per share were lower for the nine months ended September 30, 2024 compared to the same period in 2023 due to increased expenses.
Capital raise
15 August 2024 11:43 AM
Debt Issuance Announcement
  • OG&E has raised $350 million through the issuance of senior notes.
  • This is the second tranche of this series of notes, bringing the total raised to $700 million.
Better than expected
6 August 2024 5:42 PM
Quarterly Report
  • The company's earnings per share and net income were higher than the same period last year, indicating better than expected results.
  • The company expects to be in the top half of its 2024 earnings guidance range, suggesting a positive outlook.
Capital raise
6 August 2024 5:41 PM
Quarterly Report
  • OGE Energy issued $350 million of 5.45% senior notes due May 15, 2029.
  • OG&E increased long-term revolver borrowings by $200 million during the second quarter of 2024.
  • OG&E is expected to issue $350 million of senior notes in the third quarter of 2024.
Worse than expected
6 August 2024 5:41 PM
Quarterly Report
  • OGE Energy's net income for the first six months of 2024 was lower than the same period in 2023, indicating a worse performance.
Better than expected
13 June 2024 9:28 AM
Rate Case Settlement Agreement
  • The settlement agreement resulted in a significant reduction of the initial rate increase request, from $332.54 million to $126.66 million.
Capital raise
9 May 2024 11:12 AM
Debt Issuance Announcement
  • OGE Energy Corp. has raised $350 million through the issuance of senior notes.
  • The funds will be used for general corporate purposes.
Worse than expected
30 April 2024 5:42 PM
Quarterly Report
  • The company's earnings per diluted share decreased from $0.19 to $0.09 year-over-year, indicating worse than expected results.
  • OG&E's earnings per diluted share also decreased from $0.20 to $0.12 year-over-year, indicating worse than expected results.
  • The holding company's loss increased from $0.01 to $0.03 per diluted share, indicating worse than expected results.
Capital raise
30 April 2024 5:41 PM
Quarterly Report
  • OGE Energy expects to issue up to $350 million of long-term debt in the second quarter of 2024.
  • OG&E expects to issue $300 million to $350 million of long-term debt in the second half of 2024.
Worse than expected
30 April 2024 5:41 PM
Quarterly Report
  • The company's net income decreased significantly compared to the same period last year, indicating worse than expected results.
Better than expected
1 April 2024 12:14 PM
Proxy Statement
  • The company's actual OG&E Earnings Target was $2.12/share, exceeding the target of $2.04/share.
  • The company's Environmental Target was achieved at a 200% payout.
  • The company's Equivalent Forced Outage Rate was achieved at a 115% payout.
Worse than expected
20 February 2024 7:44 PM
Annual Results
  • The company's 2023 earnings per share were lower than the previous year due to the absence of income from natural gas midstream operations and increased operating expenses.

Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.