trending Market Intelligence /marketintelligence/en/news-insights/trending/SMKie6LHBQxFKDaN9znv0A2 content esgSubNav
In This List

OGE Energy Q2 net income falls short of Street estimates

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Infographic: Q1’22 U.S. Wind Power by the Numbers

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy


OGE Energy Q2 net income falls short of Street estimates

OGE Energy Corp. on Aug. 9 reported second-quarter 2019 net income of $100.2 million, or 50 cents per share, a decline from $110.7 million, or 55 cents per share, in the year-ago period.

The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was 52 cents.

Operating revenues were $513.7 million, compared to $567 million a year earlier. The company also reported operating income of $110 million, down from $137.7 million in the same quarter a year earlier.

The company continues to target 2019 consolidated earnings in the range of $412 million and $442 million, or $2.05 per share to $2.20 per share.