OGE Energy (OGE) Sees FY09 EPS Above $2.30 - $2.60
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OGE Energy Corp. (NYSE: OGE) announced it expects 2009 earnings to exceed the previously announced guidance of $2.30 to $2.60 per diluted share. Consensus sees FY09 EPS of $2.49.
The primary drivers for the higher 2009 earnings expectations are:
- Higher than previously forecasted results for the Enogex processing
business
- Colder than normal weather in December in the OG&E service area
- Lower than previously forecasted operation and maintenance expenses at
both businesses
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