OGE Energy (OGE) Misses Q1 EPS by 3c

OGE Energy (NYSE: OGE) reported Q1 EPS of $0.09, $0.03 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $596.8 million versus the consensus estimate of $697 million.

GUIDANCE:

OGE Energy sees FY2024 EPS of $2.06-$2.18, versus the consensus of $2.13.

• OGE Energy's 2024 earnings guidance remains unchanged and is projected to be $2.12 per average diluted share, within a range of $2.06 to $ 2.18 per average diluted share. The Company forecasts earnings for OG&E, the electric company, of $2.22 per average diluted share and earnings for the holding company of a loss of approximately $0.10 per average diluted share. The guidance assumes, among other things, approximately 201.5 million average diluted shares outstanding and normal weather for the remainder of the year. OG&E has significant seasonality in its earnings due to weather on a year over year basis.

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

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