OGE Energy Q1 EPS drops to $0.09 from $0.19 YoY; guidance reaffirmed

OGE ENERGY CORP.

2024-Q1 EPS reported $0.09 revenue$596,800,000

Q1 2024 diluted EPS $0.09 vs $0.19; net income $18.6M vs $38.3M year ago.
OG&E contributed $0.12 per share, down from $0.20, driven by higher depreciation and interest.
Weather-normalized load growth exceeded 4%, partially offsetting higher costs.
2024 EPS guidance unchanged at $2.06-$2.18 per share, midpoint $2.12.
Holding company loss widened to $0.03 per share from $0.01.

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 quarter ended March 31, 2024 results: net income $18.6 million, EPS $0.09 per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Net income: $18.6 million
EPS: $0.09 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 $0.09 per diluted share during the three months that ended March 31, 2024, compared to $0.19 per diluted share in the same period 2023.

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Source: SEC EDGAR

accession 0000950170-24-050702

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