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Jun 30, 2023
OGE Energy Q2 2023 Earnings Report
OGE Energy reported mixed Q2 2023 results with revenue increase offset by lower EPS.
Key Takeaways
OGE Energy Corp. announced its Q2 2023 financial results, with revenue reaching $891 million, up from the previous year. However, diluted EPS decreased to $0.71 from $1.08 in the same period last year, while non-GAAP EPS was $0.77. The company reaffirmed its 2023 earnings guidance.
OGE Energy's Q2 revenue increased to $891 million.
Diluted EPS decreased to $0.71, compared to $1.08 in Q2 2022.
Non-GAAP EPS for Q2 2023 was $0.77.
The company reaffirmed its 2023 earnings guidance.
OGE Energy
OGE Energy
OGE Energy Revenue by Segment
Revenue by Segment
Residential Revenue
CapyFin.comCommercial Revenue
CapyFin.comIndustrial Revenue
CapyFin.comOilfield Revenue
CapyFin.comPublic Authorities & Street Light Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
OGE Energy reaffirmed its 2023 earnings guidance.
Positive Outlook
- Continued focus on operational efficiency.
- Investments in grid modernization.
- Commitment to sustainability initiatives.
- Strong financial position.
- Positive outlook for service territory economic growth.
Challenges Ahead
- Uncertainty in regulatory outcomes.
- Potential for increased operating costs.
- Impact of weather on energy demand.
- Volatility in fuel prices.
- Changes in customer usage patterns.
Revenue & Expenses
Visualization of income flow from segment revenue to net income