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Oge Energy Corp. (OGE)
NYSE:OGE
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 3.06%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in terms of exceeding earnings guidance, strong load and customer growth, and a robust financial position. The only notable challenge was the loss reported by the holding company. Overall, the positive aspects of growth and financial performance significantly outshine the negatives.Company Guidance
In the OGE Energy Corp. 2024 fourth quarter earnings call, the company reported consolidated earnings surpassing their guidance, at $2.19 per share for the year, with the electric company achieving $2.33 per share and the holding company experiencing a loss of $0.14 per share. Key achievements included a 1.2% increase in customer growth, driven by a 7.6% load growth, and a notable 21.4% growth in the commercial sector. For 2025, the company set a guidance midpoint 7% higher than the previous year and anticipates an 8.5% weather-normalized load growth, with long-term annual EPS growth projected at 5% to 7%. OGE Energy also highlighted the continuation of infrastructure projects and advancements in automation and AI to enhance customer service and operational efficiency.Exceeded Earnings Guidance
Consolidated earnings for 2024 exceeded the top end of guidance, achieving $2.19 per share, with the electric company earning $2.33 per share.
Significant Load Growth
The company experienced exceptional weather-normalized load growth of 7.6% for 2024, with a forecast of 8.5% growth for 2025.
Customer and Community Growth
Added over 10,000 customers, with a 1.2% increase in customer growth and a 2.4% increase in residential load growth.
Commercial and Industrial Expansion
Commercial load growth saw an extraordinary 21.4% increase, driven by diverse industries including multi-unit housing, defense, and manufacturing.
Strong Credit and Financial Base
Maintained strong balance sheet with FFO to debt forecast at approximately 17%, and no need for external equity issuances.
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OGE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OGE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $43.86 | $44.02 | +0.36% |
| Nov 05, 2024 | $39.44 | $40.61 | +2.97% |
| Aug 07, 2024 | $38.03 | $38.57 | +1.42% |
| May 01, 2024 | $33.54 | $33.93 | +1.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Oge Energy Corp. (OGE) report earnings?
Oge Energy Corp. (OGE) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Oge Energy Corp. (OGE) earnings time?
Oge Energy Corp. (OGE) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OGE EPS forecast?
OGE EPS forecast for the fiscal quarter 2025 (Q1) is 0.19.
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