OGE Energy Affirms FY24 GAAP EPS Guidance of $2.06-$2.18 vs $2.12 Estimate
Portfolio Pulse from Benzinga Newsdesk
OGE Energy has reaffirmed its FY24 GAAP EPS guidance of $2.06-$2.18, expecting earnings to be in the top half of this range due to strong load growth and warmer than normal weather in the first half of 2024.
August 07, 2024 | 10:11 am
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OGE Energy has reaffirmed its FY24 GAAP EPS guidance of $2.06-$2.18, with expectations to be in the top half of this range due to strong load growth and warmer than normal weather in the first half of 2024.
The reaffirmation of the earnings guidance and the expectation to be in the top half of the range due to favorable conditions (strong load growth and warmer weather) is likely to positively impact OGE's stock price in the short term.
CONFIDENCE 90
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