Earnings call transcript: OGE Energy beats Q3 2026 estimates, lifts guidance
OGE Energy reported better-than-anticipated third-quarter 2026 results, with earnings of $1.52 per share on revenue of $1.18 billion. This exceeded Wall Street expectations of $1.20 per share and $1.08 billion in revenue, respectively. The utility also increased its full-year earnings outlook after an unusually hot summer increased electricity demand.
Shares were recently up 0.49% at $49.15, close to the top of their 52-week range. OGE reported adjusted third-quarter earnings of $1.52 per share, a 33.3% increase from $1.14 a year earlier. Revenue rose to $1.18 billion, surpassing the $1.08 billion consensus estimate. Management lifted 2026 earnings guidance to $2.62 to $2.68 per share from a previous range.
Extreme summer heat drove electricity demand, with over 45 days of triple-digit temperatures in the company's service area.
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