OGE Energy Signs Electric Service Agreement with Google
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 30 2026
0mins
OG&E, the operating subsidiary of locally-headquartered OGE Energy Corp. (OGE), announced that it will power three new data centers that Google (GOOG, GOOGL) announced in Muskogee and Stillwater last year. The data centers and associated Electric Service Agreements will provide economic growth for local communities and the state, contribute to grid stability, and benefit OG&E's current customers. As technology continues to propel industry and our personal lives forward, OG&E will power the 21st century economy through these agreements with Google, whose data centers power key services that billions of people use every day, from online banking to hospital records to 911 systems. OG&E worked closely with Google to secure broad customer protections for years to come. Under this agreement, Google is committing to pay 100% of the costs to connect the data center sites to the grid as well as all contracted costs regardless of the company's energy use. Google will also pay its share of power generation required to serve these data centers. As part of the agreement, Google will make power generation capacity available from two solar facilities that are currently under construction. The Electric Service Agreements and Capacity Purchase Agreements will be filed for review with the Oklahoma Corporation Commission in the coming days. The OCC must formally approve the agreement between OG&E and Google to supply power to the data center sites.
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Analyst Views on OGE
Wall Street analysts forecast OGE stock price to fall
7 Analyst Rating
2 Buy
5 Hold
0 Sell
Moderate Buy
Current: 49.580
Low
44.00
Averages
49.00
High
55.00
Current: 49.580
Low
44.00
Averages
49.00
High
55.00
About OGE
OGE Energy Corp. is a holding company whose primary investment provides electricity in Oklahoma and western Arkansas. The Company's electrical operations are conducted through its wholly owned subsidiary, Oklahoma Gas and Electric Company (OG&E), which generates, transmits, distributes, and sells electric energy in Oklahoma and western Arkansas. OG&E provides retail electric service to approximately 913,000 customers in Oklahoma and western Arkansas throughout a service area that covers over 30,000 square miles, including Oklahoma City, Fort Smith, Arkansas, and other large communities with their contiguous rural and suburban areas. The Company’s other operations primarily include the operations of the holding company and other energy-related investments. It offers residential and business solutions. Its residential solutions include start/stop/transfer, bill pay, billing & payment, rate plans, myOGEalerts, silver energy, construction services and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
OGE Energy Corp. to Host Quarterly Earnings Call
- Earnings Call Schedule: OGE Energy Corp. will hold its quarterly earnings and business update conference call on July 29, 2026, at 9 a.m. Eastern Time (8 a.m. Central Time), aimed at providing investors and analysts with the latest financial and operational insights.
- Webcast Platform: The call will be webcast by Notified, allowing investors to access the meeting through OGE Energy's website at www.oge.com, ensuring transparency and accessibility of information.
- Investor Communication Strategy: By conducting regular earnings calls, OGE Energy aims to enhance communication with investors, providing clear business outlooks and financial performance, thereby boosting market confidence.
- Market Reaction Expectations: This meeting will provide key financial data and business updates that could influence OGE Energy's stock price performance, reflecting the company's adaptability and strategic direction in the current economic environment.
See More
OGE Energy Corp. to Host Quarterly Earnings Call
- Earnings Call Schedule: OGE Energy Corp. will hold its quarterly earnings and business update conference call on July 29, 2026, at 9 a.m. Eastern Time (8 a.m. Central Time), aimed at providing investors with the latest financial and operational insights.
- Webcast Platform: The call will be webcast by Notified, and investors can access it through OGE Energy's website at www.oge.com, ensuring transparency and accessibility of information.
- Investor Communication Strategy: By conducting regular earnings calls, OGE Energy aims to enhance communication with investors, improve its image in the capital markets, and provide timely updates on business dynamics and financial performance.
- Market Reaction Expectations: The upcoming call is expected to attract investor attention, potentially impacting OGE Energy's stock price and reflecting market confidence in the company's future growth prospects.
See More
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- Quarterly Dividend Announcement: OGE Energy has declared a quarterly dividend of $0.425 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which enhances investor confidence.
- Dividend Yield: The forward yield of 3.58% offers investors a relatively attractive return, reflecting the company's competitiveness in the current market environment.
- Payment Schedule: The dividend is payable on July 31, with a record date of July 6 and an ex-dividend date also on July 6, ensuring shareholders receive timely returns, thereby strengthening shareholder relations.
- Future Earnings Guidance: OGE Energy reaffirms its 2026 EPS guidance of $2.43, demonstrating the company's confidence in future performance and providing investors with clear earnings expectations.
See More
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- Annual Meeting Held: OGE Energy Corp. conducted its 2026 Annual Shareholders Meeting on May 14, 2026, successfully electing board members, which reflects the company's stable governance structure and enhances investor confidence.
- Strong Financial Performance: CEO Sean Trauschke highlighted the company's robust financial results in 2025, emphasizing disciplined investments to meet growing electricity demand, ensuring reliable and affordable power supply for the future.
- Quarterly Dividend Declared: The board declared a third-quarter dividend of $0.425 per share, payable on July 31, 2026, indicating the company's commitment to maintaining shareholder returns, even as it remains unchanged from the previous quarter.
- Expanding Customer Base: As the parent company of OG&E, OGE Energy serves approximately 915,000 customers in Oklahoma and western Arkansas, underscoring its strong market position and support for regional economic growth.
See More
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- Cost Advantage: OG&E's rates are among the lowest in the nation, with residential rates 19% below the regional average and 34% below the national average, providing a competitive edge for economic growth and investment.
- Renewable Energy Commitment: Google will make power generation capacity available from two solar facilities currently under construction, further enhancing the sustainability and reliability of the grid.
- Model for Future Development: This agreement will serve as a model for future data center partnerships for OG&E and lays the groundwork for a new large-load tariff to be submitted, ensuring that customers do not bear the costs of growing demand.
See More
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- Financial Performance Overview: OGE Energy reported consolidated net income of approximately $50 million or $0.24 per diluted share for Q1 2026, down from $63 million or $0.31 per share in the same period of 2025, primarily impacted by milder weather, highlighting the company's vulnerability to climate variability.
- Future Growth Outlook: The company maintains its earnings guidance of $2.43 per share, with a range of $2.38 to $2.48, despite challenges from mild weather, indicating management's optimism regarding market demand and future growth potential.
- Large Load Contract Progress: OGE is set to file long-term special contracts with Google to serve its data centers in Oklahoma, with Google covering all grid connection costs, which not only enhances OGE's revenue streams but also potentially strengthens its competitive position in the market.
- Generation Capacity Expansion: The commissioning of the 98-megawatt Tinker power plant in February and the expected addition of 450 megawatts of new generators in Q4, along with plans for two more 450-megawatt units, will solidify OGE's power supply foundation for future growth.
See More
OGE Energy Corp. to Host Quarterly Earnings Call
- Earnings Call Schedule: OGE Energy Corp. will hold its quarterly earnings and business update conference call on July 29, 2026, at 9 a.m. Eastern Time (8 a.m. Central Time), aimed at providing investors and analysts with the latest financial and operational insights.
- Webcast Platform: The call will be webcast by Notified, allowing investors to access the meeting through OGE Energy's website at www.oge.com, ensuring transparency and accessibility of information.
- Investor Communication Strategy: By conducting regular earnings calls, OGE Energy aims to enhance communication with investors, providing clear business outlooks and financial performance, thereby boosting market confidence.
- Market Reaction Expectations: This meeting will provide key financial data and business updates that could influence OGE Energy's stock price performance, reflecting the company's adaptability and strategic direction in the current economic environment.
See More
OGE Energy Corp. to Host Quarterly Earnings Call
- Earnings Call Schedule: OGE Energy Corp. will hold its quarterly earnings and business update conference call on July 29, 2026, at 9 a.m. Eastern Time (8 a.m. Central Time), aimed at providing investors with the latest financial and operational insights.
- Webcast Platform: The call will be webcast by Notified, and investors can access it through OGE Energy's website at www.oge.com, ensuring transparency and accessibility of information.
- Investor Communication Strategy: By conducting regular earnings calls, OGE Energy aims to enhance communication with investors, improve its image in the capital markets, and provide timely updates on business dynamics and financial performance.
- Market Reaction Expectations: The upcoming call is expected to attract investor attention, potentially impacting OGE Energy's stock price and reflecting market confidence in the company's future growth prospects.
See More
OGE Energy Declares Quarterly Dividend of $0.425
- Quarterly Dividend Announcement: OGE Energy has declared a quarterly dividend of $0.425 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which enhances investor confidence.
- Dividend Yield: The forward yield of 3.58% offers investors a relatively attractive return, reflecting the company's competitiveness in the current market environment.
- Payment Schedule: The dividend is payable on July 31, with a record date of July 6 and an ex-dividend date also on July 6, ensuring shareholders receive timely returns, thereby strengthening shareholder relations.
- Future Earnings Guidance: OGE Energy reaffirms its 2026 EPS guidance of $2.43, demonstrating the company's confidence in future performance and providing investors with clear earnings expectations.
See More
OGE Energy Corp. Holds 2026 Annual Shareholders Meeting
- Annual Meeting Held: OGE Energy Corp. conducted its 2026 Annual Shareholders Meeting on May 14, 2026, successfully electing board members, which reflects the company's stable governance structure and enhances investor confidence.
- Strong Financial Performance: CEO Sean Trauschke highlighted the company's robust financial results in 2025, emphasizing disciplined investments to meet growing electricity demand, ensuring reliable and affordable power supply for the future.
- Quarterly Dividend Declared: The board declared a third-quarter dividend of $0.425 per share, payable on July 31, 2026, indicating the company's commitment to maintaining shareholder returns, even as it remains unchanged from the previous quarter.
- Expanding Customer Base: As the parent company of OG&E, OGE Energy serves approximately 915,000 customers in Oklahoma and western Arkansas, underscoring its strong market position and support for regional economic growth.
See More
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- Customer Protection Agreement: The Electric Service Agreement between OG&E and Google ensures that Google will cover all costs to connect the data centers to the grid, safeguarding current customers' interests while promoting local economic growth.
- Cost Advantage: OG&E's rates are among the lowest in the nation, with residential rates 19% below the regional average and 34% below the national average, providing a competitive edge for economic growth and investment.
- Renewable Energy Commitment: Google will make power generation capacity available from two solar facilities currently under construction, further enhancing the sustainability and reliability of the grid.
- Model for Future Development: This agreement will serve as a model for future data center partnerships for OG&E and lays the groundwork for a new large-load tariff to be submitted, ensuring that customers do not bear the costs of growing demand.
See More
OGE Energy Corp. Q1 2026 Earnings Call Insights
- Financial Performance Overview: OGE Energy reported consolidated net income of approximately $50 million or $0.24 per diluted share for Q1 2026, down from $63 million or $0.31 per share in the same period of 2025, primarily impacted by milder weather, highlighting the company's vulnerability to climate variability.
- Future Growth Outlook: The company maintains its earnings guidance of $2.43 per share, with a range of $2.38 to $2.48, despite challenges from mild weather, indicating management's optimism regarding market demand and future growth potential.
- Large Load Contract Progress: OGE is set to file long-term special contracts with Google to serve its data centers in Oklahoma, with Google covering all grid connection costs, which not only enhances OGE's revenue streams but also potentially strengthens its competitive position in the market.
- Generation Capacity Expansion: The commissioning of the 98-megawatt Tinker power plant in February and the expected addition of 450 megawatts of new generators in Q4, along with plans for two more 450-megawatt units, will solidify OGE's power supply foundation for future growth.
See More
