OGE Energy Group (NYSE: OGE) Pipeline IPO is Coming

Brian Hicks

Written By Brian Hicks

Posted February 25, 2014

Oklahoma Gas and Electric’s parent company OGE Energy showed decent progress in its quarterly report today and teased of its upcoming pipeline IPO.

The company announced its earnings per diluted share were up for the year, averaging $1.94. The company reported a $293 million net income, with approximately $100 million equity income from its stake in natural gas midstream operations.

It also reported a $0.03 per share loss coming from its partnership with CenterPoint Energy known as Enable Midstream Partners.

This partnership creates an 8,000 mile pipeline network in the U.S. heartland that serves Alabama, Arkansas, Illinois, Kansas, Louisiana, Mississippi, Missouri, Oklahoma, and Texas. Its total transport capacity is about 9 million cubic feet per day, and is expected to go public early in 2014.

“The utility continues to be on plan, nearing completion of the transmission build-out, managing costs, improving safety performance and driving customer engagement. OGE Energy Corp. Chairman, President and CEO Pete Delaney said in a statement on Tuesday. “Enable Midstream, under the leadership of Lynn Bourdon, continues to move forward with an IPO anticipated at the end of the first quarter in 2014.”

Saudis Cry Foul

With the promise of lightened sanctions on Iran’s petroleum trade, and increased competition in the U.S. Gulf Coast region, there is a lot of pressure on the Saudi oil industry. And then, of course, there’s the whole Fracking thing…

Angel Publishing Investor Club Discord - Chat Now

Brian Hicks Premium


Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.