OGE Energy issued 319,421 and 324,321 new shares of common stock under its Automatic Dividend Reinvestment and Stock Purchase Plan during the three and six months ended June 30, 2024 and received proceeds of $10.8 million and $11.0 million, respectively. OGE Energy may, from time to time, issue additional shares under its Automatic Dividend Reinvestment and Stock

Purchase Plan to fund capital requirements or working capital needs. As of June 30, 2024, there were 4,477,823 shares of unissued common stock reserved for issuance under OGE Energy's Automatic Dividend Reinvestment and Stock Purchase Plan.

Basic earnings per share is calculated by dividing net income attributable to OGE Energy by the weighted-average number of OGE Energy's common shares outstanding during the period. In the calculation of diluted earnings per share, weighted-average shares outstanding are increased for additional shares that would be outstanding if potentially dilutive securities were converted to common stock. Potentially dilutive securities for OGE Energy consist of performance units and restricted stock units. The following table presents the calculation of basic and diluted earnings per share for OGE Energy.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In millions, except per share data)	2024		2023		2024		2023
Net income	$	102.3	$	88.4	$	120.9	$	126.7
Average common shares outstanding:
Basic average common shares outstanding		200.8		200.3		200.6		200.3
Effect of dilutive securities:
Contingently issuable shares (performance and restricted stock units)		0.6		0.5		0.4		0.5
Diluted average common shares outstanding		201.4		200.8		201.0		200.8
Basic earnings per average common share	$	0.51	$	0.44	$	0.60	$	0.63
Diluted earnings per average common share	$	0.51	$	0.44	$	0.60	$	0.63
Anti-dilutive shares excluded from earnings per share calculation		—		—		—		—