OGE Energy Q2 EPS $0.51 vs $0.44 YoY; reaffirms FY guidance at top half

OGE ENERGY CORP.

2024-Q2 EPS reported $0.60 revenue$1,259,400,000

Net income $102.3M ($0.51/diluted share) vs $88.4M ($0.44) in Q2 2023.
OG&E contributed $0.54/diluted share, up from $0.46 YoY, driven by warmer weather and load growth.
2024 EPS guidance reaffirmed at $2.06-$2.18; expects top half due to strong H1 performance.
Other operations (holding company) loss of $0.03/diluted share vs $0.02 loss YoY on higher interest.
Management cites consistent operational performance and growing service area demand.

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