oge energy corp (OGE) Key Developments
OGE Energy Corp. Announces Quarterly Dividend, Payable on Oct. 30, 2015
Sep 30 15
OGE Energy Corp. announced that its board of directors has approved an increase in the company's quarterly dividend to $0.275 per share from $0.25 per share. That represents a 10% increase and equates to $1.10 per share annually. The increase is effective with the fourth quarter 2015 dividend and will be paid Oct. 30, 2015 to shareholders of record Oct. 12, 2015.
OGE Energy Corp. Presents at Barclays CEO Energy-Power Conference 2015, Sep-08-2015 03:05 PM
Sep 5 15
OGE Energy Corp. Presents at Barclays CEO Energy-Power Conference 2015, Sep-08-2015 03:05 PM. Venue: Sheraton New York Times Square Hotel, 811 7th Avenue, New York, NY 10019, New York, United States. Speakers: Stephen E. Merrill, Chief Financial Officer.
OGE Energy Corp. Presents at Goldman Sachs Power, Utilities, MLP and Pipeline Conference, Aug-11-2015
Aug 8 15
OGE Energy Corp. Presents at Goldman Sachs Power, Utilities, MLP and Pipeline Conference, Aug-11-2015 . Venue: The Conrad New York, 102 North End Ave., New York, NY 10282, United States.
OGE Energy Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year of 2015
Aug 6 15
OGE Energy Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating revenues of $549.9 million compared to $611.8 million a year ago. Operating income was $127.2 million compared to $141.8 million a year ago. Income before taxes was $122.5 million compared to $143.5 million a year ago. Net income was $87.5 million or $0.44 per diluted share compared to $100.8 million or $0.50 per diluted share a year ago.
For six months, the company reported operating revenues of $1,030.0 million compared to $1,172.2 million a year ago. Operating income was $183.6 million compared to $203.6 million a year ago. Income before taxes was $178.6 million compared to $216.5 million a year ago. Net income was $130.7 million or $0.66 per diluted share compared to $150.1 million or $0.75 per diluted share a year ago.
The company's consolidated earnings guidance for 2015 is $1.76 to $1.89 per average diluted share. Guidance remains unchanged and is based on its assumptions set in its 2014 10-K. For the Midstream business, the company is projecting to receive approximately $140 million in cash from distributions. Cash flow position for 2015 remains strong and is key to its value proposition, which is growing utility EPS, and utilizing its cash flow received from Enable to fund its capital investments and grow its dividend at 10% annually.
OGE Energy Corp. Names David Hauser to Board of Directors and as Member of Its Audit Committee, Effective July 15, 2015
Jul 15 15
OGE Energy Corp. announced that David L. Hauser has been appointed to the company's board of directors and as member of its audit committee, effective July 15, 2015. Mr. Hauser's term will expire at the company's annual shareholders' meeting scheduled for May 2016, at which time he will stand for re-election by the company's shareholders. Mr. Hauser, 63, enjoyed a 35-year career with Duke Energy Corporation that culminated in his holding the leadership position of group executive and chief financial officer from 2003-2009. Following his career at Duke, Mr. Hauser was the chairman and CEO of FairPoint Communications Inc. Hauser also currently serves as a board member and Audit Chairman of EnPro Industries Inc.