OGE Energy Corp (NYSE:OGE) Q1 2022 Earnings Conference Call May 5, 2022 9:00 AM ET

Company Participants

Jason Bailey - Director, IR

Robert Trauschke - Chairman, President & CEO

Bryan Buckler - CFO

Conference Call Participants

Constantine Lednev - Guggenheim Securities

Wayne Lee - Mizuho Securities

Operator

Good day, and thank you for standing by. Welcome to the Q1 2022 OGE Energy Corp. Earnings Conference Call. [Operator Instructions].

I would now like to hand the conference over to Jason Bailey, Director of Investor Relations. Please go ahead.

Jason Bailey

Thank you, Abigail, and good morning, everyone, and welcome to OGE Energy Corp.'s First Quarter 2022 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'll now turn the call over to Sean for his opening remarks. Sean?

Robert Trauschke

Thank you, Jason. Good morning, everyone, and thank you for joining us on the call today. Before we begin, last night, a number of our communities in our service territory were impacted by severe storms and multiple tornadoes. This was the second round of storms this week, and our thoughts and prayers are with the families and businesses impacted by these severe storms. Many of our OG&E family live in these very same communities. So we're working very safely to support our communities.

So moving on to the quarter. Earlier this morning, we reported first quarter consolidated earnings of $1.39 per share, which includes utility earnings of $0.19 per share, earnings at the holding company of $0.05 per share and natural gas midstream operations of $1.15 per share. The first quarter was stable from a weather perspective and the team executed very well, setting our course for the year. Less than 10% of our annual income is derived from the first quarter, and we are confident in our guidance for this year. I'm proud of what we've accomplished for our investors, our customers and communities and I want you to know that we're not done.