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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.