OGE Energy Earnings: Everything You Must Know Now

OGE Energy Corp. (NYSE:OGE) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

OGE Energy Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 4.17% to $0.46 in the quarter versus EPS of $0.48 in the year-earlier quarter.

Revenue: Decreased 14.15% to $734 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: OGE Energy Corp. reported adjusted EPS income of $0.46 per share. By that measure, the company missed the mean analyst estimate of $0.48. It beat the average revenue estimate of $0.

Quoting Management: “The second quarter saw OGE achieve a number of significant milestones,” said OGE Energy Corp. Chairman, President and CEO Pete Delaney. “We closed on the midstream partnership with CenterPoint Energy, announced a strong operations leadership team, revealed Enable Midstream Partners as the name, and closed on the credit facility for the partnership. At OG&E, we were honored to receive the prestigious Edison Award from EEI – our industry’s highest honor — and recently won yet another JD Power and Associates award for residential customer satisfaction. Looking ahead, we’ll continue to focus on integration at Enable Midstream, and I’m pleased to report that both businesses are on plan for 2013.”

Key Stats (on next page)…

Revenue decreased 18.57% from $901.4 million in the previous quarter. EPS increased 283.33% from $0.12 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.94 to a profit $0.93. For the current year, the average estimate is a profit of $1.78, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)