Utility OGE Energy's Q3 EPS rises on capital investment recovery

Reuters
Oct 29
Utility OGE Energy's Q3 EPS rises on capital investment recovery

Overview

  • OGE Energy Q3 EPS rises to $1.14 from $1.09 yr/yr

  • OG&E Q3 net income increases due to capital investment recovery

  • Company maintains 2025 earnings guidance in top half of original range

Outlook

  • OGE Energy expects 2025 earnings in the top half of $2.21-$2.33 range

  • Company assumes normal weather for remainder of 2025

Result Drivers

  • CAPITAL INVESTMENT RECOVERY - OG&E's net income increase attributed to higher recovery of capital investments

  • HIGHER EXPENSES - Increased operation and maintenance expenses partially offset income gains

  • NEW TURBINES - Construction of 550 MW of new natural gas turbines to address regional energy needs

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

$1.14

Q3 Operating Expenses

$315.20 mln

Q3 Operating Income

$341.30 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the electric utilities peer group is "buy"

  • Wall Street's median 12-month price target for OGE Energy Corp is $47.50, about 4.4% above its October 28 closing price of $45.39

  • The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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