OGE Energy reports Q1 2023 earnings of $0.19 per diluted share, reaffirms 2023 guidance

OGE ENERGY CORP.

2023-Q1 EPS reported $0.19 revenue$557,200,000

OG&E contributed $0.20 per diluted share, up from $0.19 in Q1 2022, driven by higher recovery of capital investments.
Prior-year Q1 included $1.15 per share from natural gas midstream operations, exited in 2022 via sale of Energy Transfer units.
2023 earnings guidance remains at $1.93 to $2.07 per average diluted share, with midpoint of $2.00.
First-quarter net income was $38.3 million, compared to $279.5 million in Q1 2022 (including midstream gains).
Conference call scheduled for May 4, 2023, at 8 a.m. CDT.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OGE ENERGY CORP. reported the three months that ended March 31, 2023 results: net income $38.3 million, EPS $0.19 per diluted share. Guidance reaffirmed.

Period: the three months that ended March 31, 2023
Net income: $38.3 million
EPS: $0.19 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), today reported earnings of $0.19 per diluted share during the three months that ended March 31, 2023, compared to $1.39 per diluted share in the same period 2022.

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Source: SEC EDGAR

accession 0000950170-23-017339

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