OGE Energy (OGE) Misses Q4 EPS by 10c, Offers Guidance

OGE Energy (NYSE: OGE) reported Q4 EPS of $0.18, $0.10 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $472.5 million versus the consensus estimate of $555.47 million.

GUIDANCE:

OGE Energy sees FY2020 EPS of $2.19-$2.31, versus the consensus of $2.28.

• OG&E is projected to earn $1.72 to $1.78 per average diluted share. The Company projects the earnings contribution from its ownership interest in Enable Midstream to be at the lower end of approximately $0.47 to $0.53 per average diluted share and breakeven results at the holding company. Additionally, OGE Energy consolidated earnings guidance for 2020 is $2.19 to $2.31 per average diluted share. The guidance assumes approximately 201 million average diluted shares outstanding and normal weather for the year. More information regarding the Company’s 2020 earnings guidance and the Company’s 2019 financial results is contained in the Company's Form 10-K filed with the Securities and Exchange Commission.

For earnings history and earnings-related data on OGE Energy (OGE) click here.

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