Overview

* OGE Energy ( OGE ) Q3 earnings rise to $1.14 per share from $1.09 in 2024

* OG&E ( OGE ) net income increases due to capital investment recovery

* Company maintains 2025 earnings guidance in top half of range

Outlook

* OGE Energy ( OGE ) maintains 2025 earnings guidance in top half of $2.21-$2.33 per share range

* Company assumes normal weather for remainder of 2025 in its earnings guidance

* OG&E's ( OGE ) earnings show significant seasonality due to weather variations

Result Drivers

* CAPITAL INVESTMENT RECOVERY - OG&E's ( OGE ) net income increase attributed to higher recovery of capital investments

* HIGHER OPERATIONAL COSTS - Increased operation and maintenance expenses partially offset income gains

* NEW TURBINES - Co constructing new natural gas turbines to meet regional energy needs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $276.80

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", 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 ( OGE ) is $47.50, about 4.4% above its October 28 closing price of $45.39

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

Press Release:

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(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.)