Procore signs multi-year strategic collaboration agreement with AWS
OKLAHOMA CITY - On Wednesday, OGE Energy Corp. (NYSE:OGE) reported second quarter earnings of $0.53 per diluted share, falling short of analyst expectations of $0.55, while revenue exceeded forecasts.
The company’s shares were nearly unchanged, dipping just 0.02% in after hours trading following the announcement.
The parent company of Oklahoma Gas and Electric Company posted revenue of $741.6 million for the quarter ended June 30, 2025, surpassing the consensus estimate of $719.97 million and representing an 11.9% increase from $662.6 million in the same period last year. Despite the revenue beat, earnings came in below analyst projections.
OG&E, the company’s regulated electric utility, contributed $0.53 per diluted share, slightly down from $0.54 per diluted share in the second quarter of 2024. The decrease was primarily attributed to milder weather compared to last year and higher interest and depreciation expenses, partially offset by increased recovery of capital investments and higher weather-normalized load.
"Given the strong economies in Oklahoma and Arkansas, we are currently constructing approximately 550 MW of new natural gas combustion turbine generation projects which will be operational in 2026," stated Sean Trauschke, Chairman, President, and CEO of OGE Energy Corp.
The company maintained its full-year 2025 earnings guidance of $2.21 to $2.33 per diluted share, in line with the analyst consensus of $2.27. However, management noted that due to year-to-date performance and continued strong economic growth in its service territories, earnings are expected to be in the top half of the guidance range.
OGE Energy is expanding its generation capacity with plans for additional natural gas combustion turbines expected to be operational by the end of 2029, part of its strategy to ensure reliable service while addressing increasing energy demands from customers.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.