OGE Energy reports Q2 EPS 53c, consensus 52c

Reports Q2 revenue $741.6M, consensus $719.97M. “Given the strong economies in Oklahoma and Arkansas, we are currently constructing approximately 550 MW of new natural gas combustion turbine generation projects which will be operational in 2026,” stated Sean Trauschke, Chairman, President, and CEO of OGE Energy (OGE) Corp. “We have proposed two additional natural gas combustion turbines, which are expected to be operational by the end of 2029. These projects are part of our broader strategy to ensure reliable and affordable service while addressing the increasing energy needs of our customers.”