OGE Energy management told financial analysts Thursday that it has completed its exit from the Enable Midstream Partners joint venture with the final sale of its interest units, allowing the company’s investors to focus on “a premium electric utility business.”

CEO Sean Trauschke did not sound disappointed during the company’s third-quarter earnings call that it would be the last in which he discussed midstream financial results, saying he wanted to “take a moment to reflect on the end of what has been a decade-long effort to close this part of our business and move forward.”

OGE, and CenterPoint Energy, completed a $7.2 billion sale of Enable to Energy Transfer Partners in December 2021. (See OGE, CenterPoint Complete Enable’s Disposal.)

The company is using the proceeds from the sale to pay down short-term debt and plan for the future by protecting customers with an equal focus on reliability and affordability. It has also increased its storage positions to increase its physical supply of natural gas, one of OGE’s key learnings from the February 2021 winter storm.

“At the end of the day, we’re accountable to making sure that energy is flowing to all of our customers, and we want to control that,” Trauschke said. “We want to make sure that we’re in charge of that, and we don’t want to rely on others to support us.”

OGE reported earnings of $262.8 million ($1.31/share), as compared to $252.5 million ($1.26/share) for the same quarter a year ago, attributed mostly higher operating revenues driven by warmer weather. The earnings exceeded analysts’ expectations of $1.16/share.

The company’s share price was trading at $37.07 in after hours, a gain of 69 cents on the day.