OGE Energy Reiterates Its FY23 Guidance, Sees EPS Of $1.93 To $2.07 Vs $1.95 Est.
Portfolio Pulse from Benzinga Newsdesk
OGE Energy has reiterated its FY23 earnings guidance, projecting earnings between $387 million to $416 million. OG&E, a subsidiary, is expected to earn approximately $400 million to $421 million. Other Operations, primarily the Holding Company, projects a loss of $5 million to $13 million.
August 09, 2023 | 10:13 am
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OGE Energy has reaffirmed its FY23 earnings guidance, which is in line with market expectations. This could potentially stabilize the company's stock price in the short term.
OGE Energy's reaffirmation of its FY23 earnings guidance indicates that the company is on track to meet its financial targets. This could potentially reassure investors and stabilize the company's stock price in the short term. However, the projected loss from Other Operations could be a concern.
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