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Oge Energy Corp. (OGE) SEC Filing 10-Q Quarterly report for the period ending Sunday, March 31, 2019

Oge Energy Corp.

CIK: 1021635 Ticker: OGE
Exhibit 99.01

OGE Energy Corp. reports first quarter results

OKLAHOMA CITY - OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), and holder of 25.5 percent limited partner interest and 50 percent general partner interest in Enable Midstream Partners, LP, today reported earnings of $0.24 per diluted share for the three months ended March 31, 2019 compared to $0.27 per diluted share for the first quarter of 2018.

OG&E, a regulated electric utility, contributed earnings of $0.10 per share in the first quarter, compared with earnings of $0.16 per share in the first quarter last year. OGE Energy Holdings, which is primarily Natural Gas Midstream Operations, contributed earnings of $0.11 per share, a slight decrease from the prior year's quarter. The holding company reported earnings of $0.03 per share primarily due to an income tax benefit compared with breakeven results in 2018.

“Both the utility and midstream businesses had solid first quarters and are on plan for the year” said OGE Energy Corp. Chairman, President and CEO Sean Trauschke. “With our large environmental investments complete, we look forward to continuing to enhance the customer experience through investments in technology and the electric grid.”

Discussion of First Quarter 2019
OGE Energy's net income was $47 million in the first quarter, compared to approximately $55 million in the year-ago quarter.

OG&E's net income was approximately $20 million in the first quarter, compared to approximately $31 million in the comparable quarter last year. The primary drivers for the decrease in net income were higher expenses due to the timing of certain projects when compared to 2018, additional assets placed into service and lower allowances for funds used during construction as key environmental investments were placed into service. Partially offsetting these decreases were higher revenues from favorable weather and lower interest and income tax expenses.

OGE Energy Holdings (primarily Natural Gas Midstream Operations) contributed net income to OGE Energy Corp. of $22 million for the first quarter of 2019 compared to $24 million for the same period in 2018. The decrease in net income was primarily due to higher other expense from pension settlement charges, partially offset by higher volumes and revenues across all business segments. In addition, Enable Midstream issued cash distributions to OGE of approximately $35 million in each of the first quarters of 2019 and 2018.

2019 Earnings Outlook
The Company reaffirms its 2019 consolidated earnings guidance between approximately $412 million and $442 million of net income, or $2.05 to $2.20 per average diluted share. More information regarding the Company’s 2019 earnings guidance is contained in the Company's 2018 Form 10-K as filed with the Securities and Exchange Commission.

Conference Call Webcast
OGE Energy will host a conference call for discussion of the results on Thursday, May 2, at 8 a.m. CST. The conference will be available through www.ogeenergy.com. OGE Energy Corp. is the parent company of OG&E, a regulated electric utility with approximately 852,000 customers in Oklahoma and western Arkansas.  In addition, OGE holds a 25.5 percent limited partner interest and a 50 percent general partner interest of Enable Midstream, created by the merger of OGE's Enogex LLC midstream subsidiary and the pipeline and field services businesses of Houston-based CenterPoint Energy.

Some of the matters discussed in this news release may contain forward-looking statements that are subject to certain risks, uncertainties and assumptions.  Such forward-looking statements are intended to be identified in this document by the words "anticipate", "believe", "estimate", "expect", "intend", "objective", "plan", "possible", "potential", "project" and similar expressions.  Actual results may vary materially. Factors that could cause actual results to differ materially include, but are not limited to: general economic conditions, including the availability of credit, access to existing lines of credit, access to the commercial paper markets, actions of rating agencies and their impact on capital expenditures; the ability of the Company and its subsidiaries to access the capital markets and obtain financing on favorable terms as well as inflation rates and monetary fluctuations; the ability to obtain timely and sufficient rate relief to allow for recovery of items such as capital expenditures, fuel costs, operating costs, transmission costs and deferred expenditures; prices and availability of electricity, coal, natural gas and NGLs; the timing and extent of changes in commodity prices, particularly natural gas and NGLs, the competitive effects of the available pipeline capacity in the regions Enable serves, and the effects of geographic and seasonal commodity price differentials, including the effects



The following information was filed by Oge Energy Corp. (OGE) on Thursday, May 2, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Oge Energy Corp.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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Inside Oge Energy Corp.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information Document
Condensed Consolidated Balance Sheets (Unaudited)
Condensed Consolidated Balance Sheets (Unaudited) Parenthetical
Condensed Consolidated Statements Of Cash Flows (Unaudited)
Condensed Consolidated Statements Of Changes In Stockholders' Equity (Unaudited)
Condensed Consolidated Statements Of Changes In Stockholders' Equity (Unaudited) Parenthetical
Condensed Consolidated Statements Of Comprehensive Income (Unaudited)
Condensed Consolidated Statements Of Comprehensive Income (Unaudited) Parenthetical
Condensed Consolidated Statements Of Income (Unaudited)
Accounting Pronouncements
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Commitments And Contingencies
Common Equity
Common Equity (Tables)
Common Equity Automatic Dividend Reinvestment And Stock Purchase Plan (Details)
Common Equity Earnings Per Share (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements Carrying And Fair Value Amounts (Details)
Income Taxes
Income Taxes (Details)
Investment In Unconsolidated Affiliates
Investment In Unconsolidated Affiliates (Details)
Investment In Unconsolidated Affiliates (Tables)
Investment In Unconsolidated Affiliates Reconciliation Of Equity In Earnings Of Unconsolidated Affiliates (Details)
Investment In Unconsolidated Affiliates Related Party Transactions (Details)
Investment In Unconsolidated Affiliates Summarized Balance Sheet Information Of Equity Method Investment (Details)
Investment In Unconsolidated Affiliates Summarized Income Statement Of Equity Method Investment (Details)
Leases (Details)
Leases (Notes)
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Leases (Tables)
Long-Term Debt
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Long-Term Debt (Tables)
Rate Matters And Regulation
Rate Matters And Regulation Rate Matters And Regulation (Details)
Regulated Operations (Details)
Report Of Business Segments
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Report Of Business Segments (Tables)
Retirement Plans And Postretirement Benefit Plans
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Retirement Plans And Postretirement Benefit Plans (Tables)
Revenue From Contracts With Customers (Details)
Revenue From Contracts With Customers (Notes)
Revenue From Contracts With Customers (Tables)
Short-Term Debt And Credit Facilities
Short-Term Debt And Credit Facilities (Details)
Short-Term Debt And Credit Facilities (Tables)
Stock-Based Compensation
Stock-Based Compensation (Details)
Stock-Based Compensation (Tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies Accumulated Other Comprehensive Income (Loss) (Details)
Summary Of Significant Accounting Policies Accumulated Other Comprehensive Income (Loss) Reclassifications Out Of Aoci (Details)
Summary Of Significant Accounting Policies Equity Ownership (Details)

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Oge Energy Corp. provided additional information to their SEC Filing as exhibits

Ticker: OGE
CIK: 1021635
Form Type: 10-Q Quarterly Report
Accession Number: 0001021635-19-000071
Submitted to the SEC: Wed May 01 2019 2:00:04 PM EST
Accepted by the SEC: Thu May 02 2019
Period: Sunday, March 31, 2019
Industry: Electric Services

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