OGE Earnings Prediction
The chart below shows how OGE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OGE sees a -1.90% change in stock price 10 days leading up to the earnings, and a +2.46% change 10 days following the report. On the earnings day itself, the stock moves by +0.56%. This data can give you a slight idea of what to expect for the next quarter's release.
OGE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
965.40M
2.12%
45.70%
Gross Margin
48.82%
-3.67%
-2.92%
Operating Margin
32.44%
-7.37%
22.18%
Net Margin
22.65%
-11.49%
46.70%
EPS
1.09
-9.17%
113.73%
No Data Available
OGE Earnings Analysis
OGE Energy Corp. Corporation (OGE.N) Earnings Conference Call
Positive
Earnings Performance Highlights: 1. Strong Earnings Performance: OGE Energy reported consolidated earnings of $1.09 per share for Q3 2024, with electric company earnings at $1.12 per share, reflecting robust demand for energy and operational excellence.
Record Load Growth: 2. Exceptional Load Growth: The company achieved a weather-normalized load growth of 8.4% in Q3 2024, the largest quarter-over-quarter growth in 24 years, with year-to-date growth at 6.8%.
Customer Count Increase: 3. Customer Growth: OGE Energy's customer count increased by 1.2% year-over-year, driven by strong demand across all customer classes, particularly in commercial and residential sectors.
Earnings Guidance Outlook: 4. Positive Earnings Guidance: The company expects to finish 2024 at the top of its consolidated earnings per share guidance range of $2.06 to $2.18, supported by strong load growth and operational performance.
Capital Investment Impact: 5. Significant Capital Investment: OGE Energy's investment in the Horseshoe Lake project is projected to have an economic impact of $536 million, contributing to local economic growth and meeting increasing electricity demand.
Negative
Net Income Decline: 1. Declining Net Income: OGE Energy reported a net income of approximately $219 million or $1.09 per diluted share for Q3 2024, down from $242 million or $1.20 per share in Q3 2023, reflecting a decrease of 9.5%.
Operating Expenses Impact: 2. Increased Operating Expenses: The electric company experienced higher operation and maintenance expenses, contributing to a decrease in net income from $246 million or $1.22 per share in Q3 2023 to $225 million or $1.12 per share in Q3 2024.
Holding Company Financial Decline: 3. Holding Company Losses: The holding company reported a loss of approximately $6 million or $0.03 per diluted share in Q3 2024, compared to a loss of $4 million or $0.02 per diluted share in the same period of 2023, indicating a worsening financial position.
Increased Interest Expenses: 4. Higher Interest Expenses: The increase in net loss for the holding company was primarily due to higher interest expenses, which negatively impacted overall financial performance.
Regulatory Impact on Earnings: 5. Regulatory Uncertainty: The company is awaiting an order in its Oklahoma rate review, which introduces uncertainty regarding future earnings and operational stability.
OGE FAQs
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OGE Earning Call Sentiment
OGE Energy Corp. (OGE) Q3 2024 Earnings Call Transcript
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OGE.N
-0.53%Positive
The earnings call summary presents mixed signals: strong load growth and customer count, but declining EPS and net income. The Q&A reveals management's uncertainty on key projects and financing, which may concern investors. Despite reaffirmed EPS guidance and stable dividends, these factors suggest a neutral sentiment, with potential for mild positive or negative movement depending on further developments.
