OGE Energy Corp. (NYSE:OGE) Q2 2023 Earnings Conference Call August 9, 2023 9:00 AM ET

Company Participants

Jason Bailey - Director of Investor Relations

Sean Trauschke - Chairman, President and CEO

Bryan Buckler - CFO

Conference Call Participants

Constantine Lednev - Guggenheim Partners

Paul Zimbardo - Bank of America

Anthony Crowdell - Mizuho

Travis Miller - Morningstar

Operator

Good day and welcome to the Q2 2023 OGE Energy Corp Earnings Conference Call [Operator Instructions]. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Mr. Jason Bailey, Director of Investor Relations. Please go ahead, sir.

Jason Bailey

Thank you, Sherry and good morning, everyone. And welcome to OGE Energy Corp. Second Quarter 2023 Earnings Call. With me today, I have Sean Trauschke, our Chairman, President and CEO; and Bryan Buckler, our CFO. In terms of the call today, we will first hear from Sean, followed by an explanation from Bryan of financial results. And finally, as always, we will answer your questions. I'd like to remind you that this conference is being webcast and you may follow along at oge.com.

In addition, the conference call and accompanying slides will be archived following the call on that same website. Before we begin the presentation, I'd like to direct your attention to the safe harbor statement regarding forward-looking statements. This is an SEC requirement for financial statements and simply states that we cannot guarantee forward-looking financial results but this is our best estimate to date.

I will now turn the call over to Sean for his opening remarks. Sean?

Sean Trauschke

Thank you, Jason. Good morning, everyone, and thank you for joining us on today's call. It's certainly great to be with all of you. Earlier this morning, we reported second quarter consolidated earnings of $0.44 per share, including $0.46 from the electric company and a $0.02 loss from the holding company.

To begin, we've never been in a better position to meet our customers' needs and grow our company into the future. We're on target for 2023, and I'm very bullish on what the future holds for OG&E. Since 2015, we've delivered on our commitments to grow the utility. We've increased the utility EPS by 51%, and we've more than replaced the earnings contribution from the midstream segment over that period. We continue to grow earnings as we execute on our long-term plan that offers a long runway of diverse investment opportunities to help us reach our North Star, delivering reliable, affordable, and safe electricity to the nearly 900,000 customers each and every day.