OGE plans Google data center contracts while reaffirming $2.43 2026 EPS guidance

OGE Energy reported Q1 consolidated EPS of $0.24 and management reaffirmed 2026 EPS guidance of $2.43, despite milder weather weighing on results. The company disclosed planned large-load arrangements with Google for a data center; management says the contracts increase load visibility but are not yet incremental to earnings and any upside will be reflected after final filings and regulatory approvals. Protections for existing customers include minimum charges, exit provisions, cost-causation measures, and Google covering connection costs. Management also noted debt financing needs are complete and Moody’s upgraded outlooks, reducing financing risk. Overall, near-term market impact is limited (guidance intact), but execution timing and weather introduce risk — a mixed signal for investors.