OGE Energy Q1 revenue beats estimates

OGE Energy

29/04/2026 11:14

Overview

U.S. regulated electric utility's Q1 revenue beat analyst expectations

Q1 EPS fell yr/yr, impacted by mild weather and higher operation and maintenance expenses

Company maintained 2026 earnings guidance, assuming normal weather for the rest of the year

Outlook

OGE Energy maintains 2026 EPS guidance at $2.43, range $2.38 to $2.48

Company says 2026 guidance assumes normal weather for the remainder of the year

OG&E expects significant seasonality in earnings due to weather

Result Drivers

MILD WEATHER - Co said mild weather reduced electricity demand, impacting Q1 net income

HIGHER O&M EXPENSE - Increased operation and maintenance expense weighed on Q1 results

LOWER DEPRECIATION AND INTEREST EXPENSE - Lower depreciation and interest expense on assets placed in service partially offset negative drivers

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$752.60 mln
$622.05 mln (3 Analysts)
Q1 EPS
$0.24
Q1 Operating Expenses
$302.80 mln
Q1 Operating Income
$113.10 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "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 $49.00, about 3% above its April 28 closing price of $47.59

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)