Electric company OGE's Q2 revenue beats estimates

OGE Energy

30/07/2025 12:35

Overview

OGE Energy Q2 rev rises to $741.6 mln, beating analyst expectations, per LSEG data

Q2 diluted EPS rises to $0.53 from $0.51, driven by lower operating expenses

2025 earnings expected in top half of guidance range, supported by strong economic conditions

Outlook

OGE Energy expects 2025 earnings in top half of $2.21-$2.33 range

OGE Energy's 2025 guidance assumes normal weather conditions

Result Drivers

MILDER WEATHER - OG&E's net income decreased due to milder weather compared to last year

HIGHER EXPENSES - Increased interest and depreciation expenses impacted OG&E's earnings

CAPITAL RECOVERY - Increased recovery of capital investments and lower operation and maintenance expenses supported earnings

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$741.60 mln
$720 mln (1 Analyst)
Q2 Pretax Profit
$129.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for OGE Energy Corp is $46.00, about 2.4% above its July 29 closing price of $44.91

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nPn4rJMXLa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)