earnings
confidence high
sentiment neutral
materiality 0.55
OGE Energy Q3 EPS $1.31, up from $1.26; sold all Energy Transfer LP units
OGE ENERGY CORP.
2022-Q3 EPS reported
$3.07
revenue$2,663,800,000
- Diluted EPS $1.31 vs $1.26 YoY; OG&E contributed $1.26 (up from $1.12) on warmer weather and capital recovery.
- Natural Gas Midstream contributed $0.08, down from $0.15, impacted by Enable merger close and subsequent stake sale.
- OGE sold all 95.4 million Energy Transfer LP units; no remaining midstream ownership as of Sept 30, 2022.
- 2022 OG&E guidance: net income $417M-$425M ($2.08-$2.12/share); holding company loss expected $2M-$6M.