OGE Energy has completed its exit from a midstream gas joint venture, allowing the company’s investors to focus on “a premium electric utility business.”

OGE has shed 77% of its investment in Enable Midstream Partners for an $813 million return at an average price of $11.09/unit, a 33% premium since December.

OGE Energy says its first-quarter earnings more than quintupled last year’s first quarter, which was marred by the severe winter storm.

CenterPoint executives celebrated their company’s status as a "pure play regulated utility” during a first-quarter earnings call with financial analysts.

OGE Energy and CenterPoint Energy have completed their sale of their Enable Midstream Partners gas-gathering partnership to Energy Transfer Partners.

CenterPoint Energy and OGE Energy delivered positive first-quarter earnings, a year after taking financial hits from their Enable Midstream joint venture.

CenterPoint and OGE said Energy Transfer’s acquisition of Enable Midstream will allow them to focus on moving to a fully regulated utility business model.

Energy Transfer said it has entered into an agreement to acquire Enable Midstream Partners in a $7.2 billion all-equity transaction.

CenterPoint and OGE declined to answer questions on potential sales of their interest in Enable Midstream during their third-quarter earnings calls.

CenterPoint Energy CEO David Lesar told financial analysts the company will "simplify the story" as it attempts to overcome recent bad news.