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OGE Energy Corp. Message Board

  • rgchjr1945 rgchjr1945 Aug 8, 2013 10:48 AM Flag

    OGE Energy Corp. reports second quarter results

    OKLAHOMA CITY, Aug. 8, 2013 /PRNewswire/ -- OGE Energy Corp. (OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), and holder of 28.5 percent limited partner interest and 50 percent general partner interest in Enable Midstream Partners, LP, today reported earnings of $0.46 per diluted share for the three months ended June 30, 2013 compared to $0.47 per diluted share for the second quarter of 2012. The presentation of the results reflect the 2-for-1 stock split which became effective July 1, 2013.
    OG&E, a regulated electric utility, contributed earnings of $0.40 per share in the second quarter, compared with earnings of $0.37 per share in the second quarter last year. OGE Energy's interest in the natural gas midstream operations contributed earnings of $0.07 per share compared with earnings from Enogex of $0.10 per share in the year-ago quarter. The holding company posted a loss of $0.01 per share in the second quarter of 2013 compared to breakeven results for the same period in 2012.
    "The second quarter saw OGE achieve a number of significant milestones," said OGE Energy Corp. Chairman, President and CEO Pete Delaney. "We closed on the midstream partnership with CenterPoint Energy, announced a strong operations leadership team, revealed Enable Midstream Partners as the name, and closed on the credit facility for the partnership. At OG&E, we were honored to receive the prestigious Edison Award from EEI – our industry's highest honor -- and recently won yet another JD Power and Associates award for residential customer satisfaction. Looking ahead, we'll continue to focus on integration at Enable Midstream, and I'm pleased to report that both businesses are on plan for 2013."

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