earnings
confidence high
sentiment neutral
materiality 0.65
OGE Energy Q3 EPS $1.09 vs $1.20 YoY; guides to top of 2024 range $2.06-$2.18
OGE ENERGY CORP.
2024-Q3 EPS reported
$1.69
revenue$2,224,800,000
- Net income $218.7M ($1.09/diluted) vs $241.9M ($1.20) in Q3 2023.
- OG&E contributed $1.12/sh vs $1.22 YoY; higher depreciation/interest offset by load growth.
- Other operations loss $0.03/sh vs $0.02 on higher interest expense.
- 2024 EPS guidance raised to top of original $2.06-$2.18 range, assuming rate settlement approval and normal weather.
- Strong weather-normalized load growth and customer additions cited by management.