OGE Energy Q2 EPS $0.44 vs $0.36 YoY; load growth 3.5%; guidance reaffirmed

OGE ENERGY CORP.

2023-Q2 EPS reported $0.63 revenue$1,162,200,000

Net income $88.4M ($0.44/diluted share) vs $73.1M ($0.36) in Q2 2022.
OG&E contributed $0.46/diluted share, down from $0.50; weather-normal load grew 3.5% YoY.
FY 2023 EPS guidance reaffirmed at $1.93-$2.07; mid-point $2.00.
Midstream segment fully exited in 2022; no longer reported.
Other operations loss narrowed to $0.02/diluted share from $0.05.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OGE ENERGY CORP. reported 2023 results: net income $387 million to $416 million, EPS $1.93 to $2.07 per average diluted share. Guidance reaffirmed.

Period: 2023
Net income: $387 million to $416 million
EPS: $1.93 to $2.07 per average diluted share
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

OGE Energy’s 2023 earnings guidance is reaffirmed and is projected to be between $387 million to $416 million, or $1.93 to $2.07 per average diluted share, with a midpoint of $402 million, or $2.00 per average diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OGE ENERGY CORP. reported the quarter ended June 30, 2023 results: net income $88.4 million, EPS $0.44 per diluted share. Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Net income: $88.4 million
EPS: $0.44 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

OGE Energy Corp. reports second quarter 2023 results OKLAHOMA CITY — OGE Energy Corp. (NYSE: OGE), the parent company of Oklahoma Gas and Electric Company ("OG&E"), today reported earnings of $0.44 per diluted share during the three months that ended June 30, 2023, compared to $0.36 per diluted share in the same period of 2022.

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OGE ENERGY CORP. filing history →

Source: SEC EDGAR

accession 0000950170-23-039991

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