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Oge Energy Corp. (OGE)
NYSE:OGE
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.49Last Year’s EPS
0.24Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 6.72%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with strong financial performance driven by exceptional load growth and successful regulatory outcomes. Despite a decrease in net income and higher expenses, the company's operational excellence and investments in infrastructure position it well for future growth.Company Guidance
During the OGE Energy Corp. Q3 2024 Earnings Conference Call, CEO Sean Trauschke provided guidance indicating that the company expects to be at the top of its original earnings guidance range of $2.06 to $2.18 per share for the year. This expectation is based on strong demand and continued customer growth, particularly within the commercial and residential sectors, with weather-normalized load growth reaching an exceptional 8.4% for the quarter. The company also highlighted its anticipation of regulatory outcomes related to an uncontested settlement on a 5-year energy efficiency portfolio by year-end. Additionally, OGE is considering filing for generation capacity approval in the first half of 2025 and remains optimistic about constructive regulatory outcomes in Oklahoma and Arkansas.Strong Financial Performance
OGE reported third-quarter consolidated earnings of $1.09 per share, with electric company earnings of $1.12 per share, driven by robust demand and customer growth.
Exceptional Load Growth
Weather-normalized load growth was reported at 8.4%, with strong contributions from all customer classes, especially the commercial sector at 24.7%.
Positive Regulatory Developments
OGE reached an uncontested settlement on its 5-year energy efficiency portfolio and anticipates an order on the Oklahoma rate review by year-end.
Operational Excellence
The company achieved high operational efficiency, with a focus on affordability and digital self-service tools, leading to low rates and increased customer satisfaction.
Infrastructure and Reliability Investments
OGE celebrated centennials for Muskogee and Horseshoe Lake power generation sites and broke ground on new units adding 450 MW of capacity.
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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 |
|---|---|---|---|
| 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% |
| Feb 21, 2024 | $31.48 | $32.11 | +2.00% |
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 Feb 20, 2025, TBA Not Confirmed.
What is Oge Energy Corp. (OGE) earnings time?
Oge Energy Corp. (OGE) earnings time is at Feb 20, 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 2024 (Q4) is 0.49.
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