trending Market Intelligence /marketintelligence/en/news-insights/trending/iXMg_OkO3uXMoMHJ0w7nng2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

OGE Energy Q2 earnings benefit from lower operating expenses

Essential Energy Insights - September, 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Bull market leaves US utilities behind in August

Utilities, midstream reckon with energy transformation on the horizon

OGE Energy Q2 earnings benefit from lower operating expenses

OGE Energy Corp. on Aug. 3 reported second-quarter 2017 net income of $104.8 million, or 52 cents per share, compared to $71.5 million, or 35 cents per share, in comparable quarter last year.

The S&P Capital IQ consensus normalized EPS estimate for the second quarter was 47 cents.

The company recorded $586.4 million in second-quarter operating revenues, an increase from $551.4 million a year ago, and reported operating income of $143.5 million, compared with $125.9 million in the 2016 quarter. Gross margin grew slightly to $354.3 million from $353.7 million in the comparable quarter of 2016.

Oklahoma Gas and Electric Co. posted second-quarter net income of $86 million, or 43 cents per share, compared with $72 million, or 36 cents per share, in the comparable quarter of 2016. The increase was attributed to lower operating expenses.

OGE Energy's interest in Enable Midstream Partners LP contributed $18 million toward second-quarter net income, compared with break-even results a year ago. The result reflects higher volumes across all business segments driven by contract execution and significant rig activity.

OGE Energy owns 25.7% limited partner interest and 50% general partner interest in Enable Midstream Partners.

For the full year of 2017, the company expects consolidated EPS to be at the lower end of the guidance range of $1.93 to $2.09. The S&P Capital IQ consensus normalized EPS estimate for the year is $1.96.