OGE Energy (OGE) Q2 Earnings Lag Estimates, Revenues Rise Y/Y
OGE Energy's (OGE) second-quarter earnings and revenues lag estimates. Total operating expenses and interest expenses increase during the same period.
OGE Energy Corp (OGE) Q2 2024 Earnings Call Transcript
OGE Energy Corp (NYSE:OGE ) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Jason Bailey - Director of Investor Relations Sean Trauschke - Chairman, President and Chief Executive Officer Bryan Buckler - Chief Financial Officer Conference Call Participants Shahriar Pourreza - Guggenheim Partners Nicholas Campanella - Barclays Alexander Mortimer - Mizuho Securities Brian Russo - Jefferies Travis Miller - Morningstar Paul Fremont - Ladenburg Thalmann & Co. Operator Good day and thank you for standing by. Welcome to the OGE Energy Corp 2024 Second Quarter Earnings and Business Update Call.
OGE Energy (OGE) Q2 Earnings and Revenues Lag Estimates
OGE Energy (OGE) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.44 per share a year ago.
OGE Energy: Interest Expenses Dragging On Results, But Valuation Has Improved
OGE Energy Corp. primarily serves Oklahoma and western Arkansas, with a customer base of approximately 900,000, benefiting from population growth due to remote work trends. The stock price has appreciated by 5.49% since October 2023 but underperformed the S&P 500 Index, offering a forward dividend yield of 4.73%. The company's customer base and electricity consumption are growing, with revenue increasing by 7.11% year-over-year, but net income growth is impacted by rising interest expenses.
Why Is OGE Energy (OGE) Up 0.9% Since Last Earnings Report?
OGE Energy (OGE) reported earnings 30 days ago. What's next for the stock?
