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OGE Energy Q3 profit rises on warmer weather; lifts outlook

By Reuters News


Overview

  • US regulated electric utility's Q3 revenue and net income rose sharply yr/yr

  • Company says stronger sales from significantly warmer weather drove results

  • OGE Energy raised full-year EPS guidance due to warmer than normal weather


Outlook

  • OGE Energy raises 2026 earnings guidance to $2.62-$2.68 per diluted share

  • Company says revised guidance assumes normal weather for remainder of year

  • OG&E earnings remain highly seasonal due to weather patterns


Result Drivers

  • WEATHER IMPACT - Co said significantly warmer weather led to stronger sales in Q3

  • GRID INVESTMENT - Co said ongoing investments to strengthen the grid supported reliability and future growth, per CEO Sean Trauschke

  • ENERGY INVESTMENTS - Higher income from energy-related investments and lower interest expense contributed to improved results in Other Operations


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Pretax Profit

$376.20 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $48.50, about 0.8% below its October 27 closing price of $48.91

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


Reuters Recommended Reads

  • Oct 28 - OGE Energy Q3 revenue rises on warmer weather

  • Oct 28 - US closes $5.1 billion loan to Alliant Energy for new gas power generation, energy storage

  • Oct 28 - Spain's Redeia increases power grid investments by 19%


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