Overview

* OGE Energy ( OGE ) Q2 rev rises to $741.6 mln, beating analyst expectations, per LSEG data

* Q2 diluted EPS rises to $0.53 from $0.51, driven by lower operating expenses

* 2025 earnings expected in top half of guidance range, supported by strong economic conditions

Outlook

* OGE Energy ( OGE ) expects 2025 earnings in top half of $2.21-$2.33 range

* OGE Energy's ( OGE ) 2025 guidance assumes normal weather conditions

Result Drivers

* MILDER WEATHER - OG&E's ( OGE ) net income decreased due to milder weather compared to last year

* HIGHER EXPENSES - Increased interest and depreciation expenses impacted OG&E's ( OGE ) earnings

* CAPITAL RECOVERY - Increased recovery of capital investments and lower operation and maintenance expenses supported earnings

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $741.60 $720 mln

Revenue mln (1

Analyst)

Q2 $129.50

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "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 ( OGE ) is $46.00, about 2.4% above its July 29 closing price of $44.91

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release:

(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.)