CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

OGE Energy Q3 revenue rises on warmer weather

By Reuters News


Overview

  • US regulated electric utility's Q3 revenue rose yr/yr, driven by warmer weather

  • Q3 adjusted EPS increased yr/yr

  • Company raised full-year 2026 earnings guidance above original range


Outlook

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

  • Company outlook assumes normal weather for the rest of 2026

  • Company notes earnings are highly seasonal and dependent on weather patterns


Result Drivers

  • WARMER WEATHER - Co said stronger sales from significantly warmer weather drove Q3 net income increase

  • INVESTMENT INCOME - Higher income from energy-related investments and lower interest expense helped reduce losses in other operations

  • GRID INVESTMENTS - Co said ongoing investments to strengthen the grid positioned it to support future growth, per CEO Sean Trauschke


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$1.18 bln

$1.10 bln (2 Analysts)

Q3 Operating Expenses

$313.10 mln

Q3 Operating Income

$428.50 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% above 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 - Spain's Redeia increases power grid investments by 19%

  • Oct 28 - Spain's Endesa confirms outlook after 15% profit increase

  • Oct 27 - CenterPoint Energy Q3 adjusted EPS beats estimates, raises 2026 outlook


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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.