OGE Energy (NYSE: OGE) reported Q2 EPS of $0.43, $0.06 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $503.5 million versus the consensus estimate of $540.73 million.

GUIDANCE:

OGE Energy sees FY2020 EPS of $1.72-$1.78, versus the consensus of $2.15.

• The 2020 outlook is unchanged with OG&E projected to earn between $1.72 and $1.78 per average diluted share. OGE Energy consolidated earnings guidance for 2020 is projected to range from a net loss of approximately ($173) million to ($154) million, or ($0.87) to ($0.77) per average diluted share. Ongoing earnings are projected to be between approximately $417 million to $436 million of net income, or $2.08 to $2.18 per average diluted share. The guidance assumes approximately 201 million average diluted shares outstanding. More information regarding the Company’s 2020 earnings guidance is contained in the Company's 2019 Form 10-K and Form 10-Q for the period ending March 31, 2020 as filed with the Securities and Exchange Commission.

For earnings history and earnings-related data on OGE Energy (OGE) click here.