Key Highlights

  • Consensus EPS of 1.35 compares with second-quarter diluted EPS of 0.56, against 0.53 a year earlier.
  • Consensus revenue of USD 1.12 billion compares with second-quarter revenues of USD 711.9 million, against USD 741.6 million.
  • Net income was USD 116.3 million against USD 107.5 million, with cooling degree days up 33% in the quarter.
  • Six-month net cash from operating activities was USD 511.4 million against USD 354.5 million a year earlier.

OGE Energy (NYSE:OGE) reports third-quarter results on Wednesday, Oct. 28, before the market opens. Consensus stands at EPS of 1.35 on revenue of USD 1.12 billion, and the company has a market capitalization of USD 10.01 billion.

OGE Energy is the holding company of Oklahoma Gas and Electric Company, an electric utility. Second-quarter revenues were USD 711.9 million against USD 741.6 million, and net income was USD 116.3 million against USD 107.5 million.

Estimates Against the Last Reported Quarter

The EPS estimate of 1.35 is above the second-quarter diluted EPS of 0.56, which compared with 0.53 a year earlier, and the estimates table does not state its EPS basis. The revenue estimate of USD 1.12 billion is above the USD 711.9 million reported. The latest filing carries no third-quarter figures to compare against.

Diluted EPS for the six months was 0.80 against 0.84. The filing states that quarterly results are not necessarily indicative of the full year because of seasonal fluctuations.

What the Filing Gives and What the Sources Leave Open

The latest filings include no OGE Energy earnings call transcript or published guidance, so there are no management ranges to set against the estimates. The filing reports a dividend of 0.425 per share declared in the quarter against 0.42125.

Management states in the filing that operating cash, debt issuance, settlement of the forward sale agreements and common stock sales are adequate to meet cash needs. The filing does not give a quarterly earnings range.

Utility Segment Results and Weather

OG&E net income was USD 120.1 million against USD 107.7 million, an increase of USD 12.4 million, or 11.5%, while other operations posted a loss of USD 3.8 million against USD 0.2 million. OG&E operating revenues decreased USD 29.7 million, or 4.0%.

The filing attributes higher second-quarter results to a 33% increase in cooling degree days and weather price variance. Fuel, purchased power and direct transmission expense changed by negative USD 43.4 million, and cost of goods was USD 217.7 million against USD 261.1 million.

Operating Lines, Cash Flow and Financing

Operating income was USD 191.6 million against USD 186.6 million, and operating expenses were USD 302.6 million against USD 293.9 million. Interest expense was USD 66.7 million against USD 72.2 million, and income before taxes was USD 137.8 million against USD 129.5 million.

For six months, net cash from operating activities was USD 511.4 million against USD 354.5 million, and capital expenditures were USD 488.6 million against USD 523.2 million. On June 12, 2026, the company entered new five-year revolving credit facilities totaling USD 1.3 billion.

Total assets were USD 14,626.6 million against USD 14,370.5 million, and long-term debt was USD 5,598.2 million against USD 5,369.2 million. The estimates table lists a market capitalization of USD 10.01 billion.

Items to Track in the Report

Reported EPS against 1.35 and revenue against USD 1.12 billion are the headline comparisons. Other markers are weather effects, fuel cost lines and capital spending.