OGE Energy Corp. (NYSE:OGE) Q3 2023 Results Conference Call November 2, 2023 9:00 AM ET

Company Participants

Jason Bailey - Director, IR

Sean Trauschke - Chairman, President & CEO

Bryan Buckler - CFO

Conference Call Participants

Nathan Richardson - Barclays

Constantine Lednev - Guggenheim Partners

Travis Miller - Morningstar

Tanner James - Bank of America

Alex Mortimer - Mizuho Securities

Paul Fremont - Ladenburg

Operator

Good day, and thank you for standing by. Welcome to the OGE Energy Corp. Third Quarter 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 first speaker today, Jason Bailey, Director of Investor Relations. Please go ahead.

Jason Bailey

Thank you, Andrea, and good morning, everyone, and welcome to OGE Energy Corp.’s third 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'll now turn the call over to Sean for his opening remarks. Sean,

Sean Trauschke

Thank you, Jason. Good morning, everyone. Thank you for joining us today. It's certainly great to be with you. Earlier this morning, we reported third quarter consolidated earnings of $1.20 per share, including electric company earnings of $1.22 per share and a loss of the holding company of $0.02. Our solid performance this quarter is due to operational excellence delivered by our team who work to keep energy flowing to the grid during a hot summer. While setting a new hourly peak on August 21, and without calling for public conservation that was seen in other areas of the country. I've shared before that our system was designed, built, and operated for conditions like we saw this summer, and I'm proud of our team for always meeting our customer's need for reliable and safe electricity, and always keeping affordability top of mind.