OGE Energy maintains 2026 EPS guidance of $2.43, within a range of $2.38 to $2.48
Company assumes normal weather for remainder of yr in its 2026 guidance
OG&E earnings expected to show significant seasonality due to weather
Overview
U.S. regulated electric utility's Q2 revenue declined yr/yr, adjusted EPS rose modestly
Net income rose due to increased recovery of capital investments and lower interest expense
Company maintained full-year 2026 earnings guidance
Analyst coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy."
Wall Street's median 12-month price target for OGE Energy Corp is $51.00, about 3.4% above its July 28 closing price of $49.30
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago
Result Drivers and key details
CAPITAL INVESTMENT RECOVERY - Co said increased recovery of capital investments was the primary driver of higher net income
OGE•
