• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    OGE Energy Corp. sets path to becoming a pure-play electric utility with the proposed merger between Energy Transfer LP and Enable Midstream Partners LP

    2/17/21 6:32:00 AM ET
    $OGE
    $ENBL
    $ET
    Electric Utilities: Central
    Utilities
    Natural Gas Distribution
    Public Utilities
    Get the next $OGE alert in real time by email

    OKLAHOMA CITY, Feb. 16, 2021 /PRNewswire/ -- 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 (NYSE: ENBL), today announced its support of the merger agreement between Energy Transfer LP (NYSE: ET) and Enable Midstream Partners LP.

    "While we are pleased to announce our support of the merger agreement between Energy Transfer and Enable, our full attention is on the unprecedented winter weather that is impacting our region and our customers.  Members of our utility have been working diligently with the Southwest Power Pool and state and local leaders to ensure that our customers have power during this extreme cold weather outbreak," said Sean Trauschke, Chairman, President, and CEO of OGE Energy Corp.

    "Due to our current focus on our customers, we will provide additional details on our earnings call on Thursday, February 25th.

    This transaction adds value for our shareholders and the communities we serve, and places OGE on a clear path to becoming a pure-play electric utility.  The transaction significantly enhances the liquidity of our midstream position and affords us flexibility to exit this investment in a manner that maximizes value for OGE Energy shareholders."

    Transaction Details
    Under the terms of the merger agreement, Energy Transfer will acquire all outstanding limited partnership ("LP") units of Enable through a unit-for-unit exchange ratio of 0.8595x.  OGE Energy Corp. will own approximately 3% of the outstanding LP units of Energy Transfer immediately after the consummation of the merger.

    As part of the transaction, Energy Transfer will also acquire the General Partner interests from OGE Energy Corp. and CenterPoint Energy for $10 million in aggregate cash consideration.  In addition, upon closing of the transaction, CenterPoint Energy will pay OGE Energy Corp. $30 million.

    Repositions Company on Path to Pure-play Electric Utility
    "Over the years, we have grown a modestly sized gas pipeline business into a publicly traded MLP that has returned over $1 billion in cash distributions to OGE," said Mr. Trauschke.  "Those distributions were used to help fund our annual dividends to shareholders and invest in our regulated utility business without the need to issue equity. 

    This proposed merger transaction will result in a stronger, much larger midstream company, transforming our investment into a passive one, albeit with increased flexibility and liquidity necessary to accomplish an exit in a manner that was previously unavailable with Enable units." 

    Mr. Trauschke continues, "However, with today's announcement, we are taking the first step of our plan to exit our midstream investment, becoming a pure-play electric utility focused on investing in our electric infrastructure and bringing outstanding service, jobs and economic development to the communities of Oklahoma and Arkansas.

    We remain committed to maintaining and prudently growing our current dividend, which along with earnings growth underpinned by our electric utility business, will continue to drive an attractive risk-adjusted total return proposition for our shareholders. The strength of our balance sheet remains a competitive advantage for our company and will continue to support our capital allocation priorities."

    Approvals and Time to Close

    This transaction is expected to close in 2021, subject to the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and customary closing conditions.

    Advisors

    Lazard and Morgan Stanley & Co. LLC are serving as financial advisors and Jones Day is acting as legal advisor to OGE Energy in connection with the transaction.

    Conference Call and Webcast Details

    OGE Energy Corp. will provide more details related to these matters when it hosts its live webcast to discuss the financial results of 2020 and the 2021 outlook on Thursday, February 25, at 8 a.m. CST. The conference will be available through www.ogeenergy.com. 

    About OGE Energy Corp.

    OGE Energy Corp. is the parent company of OG&E, a regulated electric utility with approximately 865,000 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 Partners LP, created by the merger of OGE's Enogex LLC midstream subsidiary and the pipeline and field services businesses of Houston-based CenterPoint Energy.

    Forward-Looking Statements

    This news release includes forward-looking statements. Actual events and results may differ materially from those projected. The statements in this news release regarding the anticipated closing of the announced transaction, including anticipated benefits, and other statements that are not historical facts are forward-looking statements.  Each forward-looking statement contained in this release speaks only as of the date of this release. Factors that could affect actual results include the satisfaction or waiver of the conditions to closing the transaction, the receipt of applicable regulatory approvals and the termination rights of the parties the agreement for the transaction, and other factors discussed in OGE Energy Corp.'s. filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and subsequent Quarterly Reports on Form 10-Q and other filings with the SEC.

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities described herein, nor shall there be any sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any such offering may be made only by means of a prospectus.

    SOURCE OGE Energy Corp.

    Related Links

    http://www.oge.com

    Get the next $OGE alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $OGE
    $ENBL
    $ET

    CompanyDatePrice TargetRatingAnalyst
    OGE Energy Corp
    $OGE
    6/5/2025$47.00Equal Weight → Overweight
    Barclays
    OGE Energy Corp
    $OGE
    4/11/2025Hold → Buy
    Argus
    OGE Energy Corp
    $OGE
    1/21/2025$40.00 → $47.00In-line → Outperform
    Evercore ISI
    Energy Transfer L.P.
    $ET
    10/17/2024$20.00Buy
    BofA Securities
    OGE Energy Corp
    $OGE
    9/20/2024$46.00Buy
    Jefferies
    OGE Energy Corp
    $OGE
    5/23/2024Buy → Hold
    Argus
    OGE Energy Corp
    $OGE
    4/22/2024$34.00Overweight → Equal Weight
    Barclays
    OGE Energy Corp
    $OGE
    1/16/2024$36.00 → $34.00Buy → Neutral
    Ladenburg Thalmann
    More analyst ratings

    $OGE
    $ENBL
    $ET
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 4 filed by Director Rainbolt David E

      4 - OGE ENERGY CORP. (0001021635) (Issuer)

      6/26/25 2:33:27 PM ET
      $OGE
      Electric Utilities: Central
      Utilities
    • Director Perry James Richard bought $350,060 worth of Common Units (25,892 units at $13.52) and sold $25,299 worth of Common Units (1,369 units at $18.48) (SEC Form 4)

      4 - Energy Transfer LP (0001276187) (Issuer)

      6/17/25 6:00:04 PM ET
      $ET
      Natural Gas Distribution
      Public Utilities
    • VP- Utility Operations (OG&E) Jones Donnie O. sold $500,170 worth of Common Stock-$.01 par value per share (11,351 units at $44.06), decreasing direct ownership by 21% to 43,932 units (SEC Form 4)

      4 - OGE ENERGY CORP. (0001021635) (Issuer)

      5/29/25 4:31:59 PM ET
      $OGE
      Electric Utilities: Central
      Utilities

    $OGE
    $ENBL
    $ET
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Perry James Richard bought $350,060 worth of Common Units (25,892 units at $13.52) and sold $25,299 worth of Common Units (1,369 units at $18.48) (SEC Form 4)

      4 - Energy Transfer LP (0001276187) (Issuer)

      6/17/25 6:00:04 PM ET
      $ET
      Natural Gas Distribution
      Public Utilities
    • Director Bozich Frank A bought $44,685 worth of Common Stock- $.01 par value per share (1,000 units at $44.69), increasing direct ownership by 7% to 16,186 units (SEC Form 4)

      4 - OGE ENERGY CORP. (0001021635) (Issuer)

      5/21/25 3:54:28 PM ET
      $OGE
      Electric Utilities: Central
      Utilities
    • EVP - Operations Mcilwain Gregory G. bought $313,600 worth of Common Units (20,000 units at $15.68), increasing direct ownership by 4% to 591,211 units (SEC Form 4)

      4 - Energy Transfer LP (0001276187) (Issuer)

      8/26/24 8:00:03 AM ET
      $ET
      Natural Gas Distribution
      Public Utilities

    $OGE
    $ENBL
    $ET
    SEC Filings

    See more
    • Energy Transfer L.P. filed SEC Form 8-K: Other Events

      8-K - Energy Transfer LP (0001276187) (Filer)

      7/2/25 5:19:20 PM ET
      $ET
      Natural Gas Distribution
      Public Utilities
    • SEC Form 11-K filed by OGE Energy Corp

      11-K - OGE ENERGY CORP. (0001021635) (Filer)

      6/23/25 4:49:22 PM ET
      $OGE
      Electric Utilities: Central
      Utilities
    • Energy Transfer L.P. filed SEC Form 8-K: Other Events

      8-K - Energy Transfer LP (0001276187) (Filer)

      6/4/25 4:40:56 PM ET
      $ET
      Natural Gas Distribution
      Public Utilities

    $OGE
    $ENBL
    $ET
    Leadership Updates

    Live Leadership Updates

    See more
    • OGE Energy elects board of directors at annual meeting

      OKLAHOMA CITY, May 15, 2025 /PRNewswire/ -- OGE Energy Corp. (NYSE:OGE) virtually held its 2025 Annual Meeting of Shareholders today, electing its board of directors and acting on a number of items. Chairman, President and CEO Sean Trauschke began the meeting by thanking the company's employees for their strong execution and their continued focus on customers. "2024 delivered outstanding results for all stakeholders, including improved reliability for customers and continued economic prosperity in the growing communities we serve," Trauschke said. "Our dedicated team will continue our legacy of operational excellence and customer focus as we expect to continue our performance trajectory int

      5/15/25 4:31:00 PM ET
      $OGE
      Electric Utilities: Central
      Utilities
    • OGE Energy Corp. appoints Walworth as chief financial officer

      Board of Directors declares quarterly dividend OKLAHOMA CITY, Dec. 4, 2024 /PRNewswire/ -- OGE Energy Corp. (NYSE:OGE), the parent company of Oklahoma Gas and Electric Company, announced today that Charles Walworth is appointed Chief Financial Officer and Treasurer, effective December 4, 2024. Walworth is a 25-year veteran of the company, holding a variety of finance roles during his tenure. Most recently, Walworth served as treasurer. "Chuck is a respected leader and the architect of one of the strongest balance sheets in the industry," said Sean Trauschke, OGE Energy Corp. C

      12/4/24 5:00:00 PM ET
      $OGE
      Electric Utilities: Central
      Utilities
    • Evergy Appoints W. Bryan Buckler Executive Vice President and Chief Financial Officer

      Buckler Previously Served as Chief Financial Officer at OGE Energy Corp. Evergy, Inc. (NASDAQ:EVRG) today announced W. Bryan Buckler will become the company's executive vice president and chief financial officer, effective October 1, 2024. As chief financial officer, Buckler will be responsible for Evergy's corporate finance functions, including treasury, accounting, planning, tax, internal audit, capital allocation and investor relations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240823536709/en/W. Bryan Buckler will become Evergy's executive vice president and chief financial officer, effective October 1, 2024. (Photo:

      8/26/24 7:25:00 AM ET
      $EVRG
      $OGE
      Power Generation
      Utilities
      Electric Utilities: Central

    $OGE
    $ENBL
    $ET
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • OGE Energy Corp. second quarter 2025 earnings webcast

      OKLAHOMA CITY, June 30, 2025 /PRNewswire/ -- OGE Energy Corp. (NYSE:OGE) will hold its quarterly earnings and business update conference call at 9 a.m. Eastern Time (8 a.m. Central Time), Wednesday, July 30, 2025. This call is being webcast by Notified and can be accessed at OGE Energy's website at www.oge.com. OGE Energy Corp. is the parent company of OG&E, a regulated electric company with approximately 909,000 customers, in Oklahoma and western Arkansas. View original content:https://www.prnewswire.com/news-releases/oge-energy-corp-second-quarter-2025-earnings-webcast-302494911.html SOURCE OGE Energy Corp.

      6/30/25 4:26:00 PM ET
      $OGE
      Electric Utilities: Central
      Utilities
    • Energy Transfer Expands LNG Supply Agreement With Chevron by 1.0 Million Tonnes Per Annum From Lake Charles LNG

      Total Commitment from Chevron Now at 3.0 Million Tonnes Per Annum Energy Transfer LP (NYSE:ET) today announced its subsidiary, Energy Transfer LNG Export, LLC (Energy Transfer LNG), has signed an incremental Sale and Purchase Agreement (SPA) with Chevron U.S.A. Inc. (Chevron) for additional LNG supply from its Lake Charles LNG export facility. The 20-year agreement for 1.0 million tonnes per annum (mtpa) increases Chevron's total contracted volume from Energy Transfer LNG to 3.0 mtpa, following the initial 2.0 mtpa agreement signed in December 2024. As with the first SPA, the LNG will be supplied to Chevron on a free-on-board (FOB) basis and the purchase price will consist of a fixed li

      6/25/25 8:00:00 AM ET
      $ET
      $SUN
      $USAC
      Natural Gas Distribution
      Public Utilities
      Integrated oil Companies
      Energy
    • ISS and Glass Lewis Endorse Parkland's Value-Enhancing Arrangement with Sunoco

      CALGARY, AB, June 16, 2025 /PRNewswire/ - Parkland Corporation ("Parkland", "we", "our", or the "Company") (TSX:PKI) is pleased to announce that leading independent proxy advisory firms Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co. ("Glass Lewis") are recommending shareholders vote FOR the proposed arrangement (the "Arrangement") with Sunoco LP ("Sunoco") at the upcoming Annual and Special Meeting of Shareholders (the "Meeting"). Both firms highlighted the strategic and financial merits of the Arrangement as the basis for their recommendations. ISS not

      6/16/25 7:55:00 AM ET
      $ET
      $SUN
      Natural Gas Distribution
      Public Utilities
      Integrated oil Companies
      Energy

    $OGE
    $ENBL
    $ET
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • OGE Energy upgraded by Barclays with a new price target

      Barclays upgraded OGE Energy from Equal Weight to Overweight and set a new price target of $47.00

      6/5/25 7:31:53 AM ET
      $OGE
      Electric Utilities: Central
      Utilities
    • OGE Energy upgraded by Argus

      Argus upgraded OGE Energy from Hold to Buy

      4/11/25 8:04:48 AM ET
      $OGE
      Electric Utilities: Central
      Utilities
    • OGE Energy upgraded by Evercore ISI with a new price target

      Evercore ISI upgraded OGE Energy from In-line to Outperform and set a new price target of $47.00 from $40.00 previously

      1/21/25 8:24:26 AM ET
      $OGE
      Electric Utilities: Central
      Utilities

    $OGE
    $ENBL
    $ET
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by Energy Transfer L.P.

      SC 13D/A - Energy Transfer LP (0001276187) (Subject)

      9/17/24 4:30:26 PM ET
      $ET
      Natural Gas Distribution
      Public Utilities
    • SEC Form SC 13G/A filed by OGE Energy Corp (Amendment)

      SC 13G/A - OGE ENERGY CORP. (0001021635) (Subject)

      2/13/24 4:55:51 PM ET
      $OGE
      Electric Utilities: Central
      Utilities
    • SEC Form SC 13G/A filed by Energy Transfer L.P. (Amendment)

      SC 13G/A - Energy Transfer LP (0001276187) (Subject)

      2/9/24 5:11:49 PM ET
      $ET
      Natural Gas Distribution
      Public Utilities

    $OGE
    $ENBL
    $ET
    Financials

    Live finance-specific insights

    See more
    • OGE Energy Corp. second quarter 2025 earnings webcast

      OKLAHOMA CITY, June 30, 2025 /PRNewswire/ -- OGE Energy Corp. (NYSE:OGE) will hold its quarterly earnings and business update conference call at 9 a.m. Eastern Time (8 a.m. Central Time), Wednesday, July 30, 2025. This call is being webcast by Notified and can be accessed at OGE Energy's website at www.oge.com. OGE Energy Corp. is the parent company of OG&E, a regulated electric company with approximately 909,000 customers, in Oklahoma and western Arkansas. View original content:https://www.prnewswire.com/news-releases/oge-energy-corp-second-quarter-2025-earnings-webcast-302494911.html SOURCE OGE Energy Corp.

      6/30/25 4:26:00 PM ET
      $OGE
      Electric Utilities: Central
      Utilities
    • Energy Transfer Reports First Quarter 2025 Results

      Energy Transfer LP (NYSE:ET) ("Energy Transfer" or the "Partnership") today reported financial results for the quarter ended March 31, 2025. Energy Transfer reported net income attributable to partners for the three months ended March 31, 2025 of $1.32 billion compared to $1.24 billion for the three months ended March 31, 2024. For the three months ended March 31, 2025, net income per common unit (basic) was $0.37. Adjusted EBITDA for the three months ended March 31, 2025 was $4.10 billion compared to $3.88 billion for the three months ended March 31, 2024. Distributable Cash Flow attributable to partners, as adjusted, for the three months ended March 31, 2025 was $2.31 billion compared

      5/6/25 4:10:00 PM ET
      $ET
      $SUN
      $USAC
      Natural Gas Distribution
      Public Utilities
      Integrated oil Companies
      Energy
    • Sunoco LP Reports First Quarter 2025 Financial and Operating Results

      Reports solid first quarter results including net income of $207 million, Adjusted EBITDA(1) of $458 million and Distributable Cash Flow, as adjusted(1), of $310 millionAnnounces a series of definitive agreements to:Acquire Parkland Corporation in a cash and equity transaction valued at $9.1 billionAcquire TanQuid, a leading terminal operator in Germany and PolandIncreases quarterly distribution by 1.25%; on track to meet distribution growth target of at least 5% for 2025DALLAS, May 6, 2025 /PRNewswire/ -- Sunoco LP (NYSE:SUN) ("SUN" or the "Partnership") today reported financial and operating results for the quarter ended March 31, 2025.

      5/6/25 7:00:00 AM ET
      $ET
      $SUN
      Natural Gas Distribution
      Public Utilities
      Integrated oil Companies
      Energy