OGE Energy Q3 revenue rises on warmer weather

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

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.)