OGE Energy Corp. on Aug. 9 reported second-quarter 2018 net income of $110.7 million, or 55 cents per share, an increase from $104.8 million, or 52 cents per share, a year ago.
The results missed the S&P Global Market Intelligence consensus normalized EPS estimate for the quarter of 57 cents.
Operating revenues were $567.0 million, a drop from $586.4 million a year earlier. The company also reported operating income of $131.7 million, down from $145.8 million in the same quarter a year earlier.
The company projects it will be at the upper end of its 2018 earnings guidance of $1.90 per share to $2.05 per share due to higher projected utility earnings.