OGE Energy Corp (NYSE:OGE) Q1 2024 Earnings Conference Call May 1, 2024 9:00 AM ET

Company Participants

Jason Bailey - Director, IR
Sean Trauschke - Chairman, President and CEO
Bryan Buckler - CFO

Conference Call Participants

Constantine Lednev - Guggenheim Partners
Durgesh Chopra - Evercore ISI
Paul Fremont - Ladenburg Thalmann & Co. Inc.
Nicholas Campanella - Barclays
Anthony Crowdell - Mizuho Group

Operator

Good day and thank you for standing by. Welcome to the OGE Energy Corp. 2024 First Quarter Earnings and Business Update Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [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 for opening comments. Jason please go ahead.

Jason Bailey

Thank you, Liz and good morning everyone, and welcome to our 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 would 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. Thank you for joining us today. It's certainly great to be with you. The first quarter of the year delivered solid results and we are firmly on plan for the year. This morning, we reported consolidated earnings of $0.09 per share, including $0.12 per share for OG&E and a holding company loss of $0.03 per share.

The first quarter represents less than 5% of our company's expected earnings per share for the year, and we are on plan, even with the milder weather. I'm excited for this year and beyond, given the strong fundamentals of our business, our outstanding team and our commitment to reach our North Star, delivering safe, reliable, and affordable electric service to our 900,000 customers.