OGE Energy's Q1 Earnings Surpass Estimates, Revenues Rise Y/Y

OGE Energy Corp. OGE shares declined 0.5% to reach $45.14 on May 5 following the release of first-quarter 2025 results.

The company reported first-quarter 2025 earnings of 31 cents per share, which surpassed the Zacks Consensus Estimate of 22 cents by 40.9%. The figure also improved a massive 244.4% from 9 cents per share recorded in the year-ago quarter. (See the Zacks Earnings Calendar to stay ahead of market-making news.)

OGE Energy’s Revenues

OGE’s operating revenues of $747.7 million rose 25.3% from $596.8 million recorded in the prior-year quarter. The top line also beat the Zacks Consensus Estimate of $693 million by 8%.

OGE’s Operational Highlights

Total sales in the reported quarter were 8.2 million megawatt-hours (MWh), up from 7.4 MWh in the prior-year quarter. The company’s customer count increased 1% to 908,851.

During the first quarter of 2025, the cost of fuel, purchased power and direct transmission increased 39.6% to $324 million from $232.2 million in the prior-year quarter.

Total operating expenses for the first quarter of 2025 slipped 0.1% to $290.4 million, primarily driven by lower operation and maintenance expenses.

Operating income totaled $133.3 million in the first quarter of 2025, up 80.1% from the year-ago quarter’s level of $74 million.
For the first quarter of 2025, interest expenses totaled $67.3 million, up 11.8% from $60.2 million recorded a year ago.

OGE’s Segment Details

OGE Energy reported a first-quarter net income of $62.7 million, up 237.1% from the prior-year quarter’s figure of $18.6 million.

The OG&E segment’s net income amounted to $71 million, up 181.7% from the year-ago period’s $25.2 million. This increase was primarily driven by higher operating revenues and lower operation and maintenance expenses.

The Other Operations unit incurred a net loss of $8.3 million, which was wider than the year-ago quarter’s loss of $6.6 million. The deterioration was due to higher interest expenses.

Financial Highlights of OGE

OGE had cash and cash equivalents of $26.9 million as of March 31, 2025 compared with $0.6 million as of Dec. 31, 2024.

Long-term debt totaled $5.12 billion as of March 31, 2025, up from $5.02 billion as of Dec. 31, 2024.

During the first three months of 2025, OGE generated cash from operating activities worth $15.9 million compared with the year-ago figure of $83 million.

OGE’s 2025 Guidance

OGE Energy reiterated its 2025 earnings per share guidance. The company still expects to generate earnings in the range of $2.21-$2.33 per share. The Zacks Consensus Estimate is pegged at $2.27, in line with the midpoint of the company’s guided range.

OGE’s Zacks Rank

OGE Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Utility Releases

Edison International EIX reported first-quarter 2025 adjusted earnings of $1.37 per share, which surpassed the Zacks Consensus Estimate of $1.21 by 13.2%. The bottom line also increased 21.2% from $1.13 in the year-ago quarter.

Edison International's first-quarter operating revenues totaled $3.81 billion, which missed the Zacks Consensus Estimate of $4.14 billion by 7.8%. The top line also decreased 6.5% from the year-ago quarter’s figure of $4.08 billion.

PG&E Corporation PCG reported first-quarter 2025 adjusted EPS of 33 cents, which lagged the Zacks Consensus Estimate of 35 cents by 5.7%. The bottom line also declined 10.8% from the year-ago quarter’s reported figure of 37 cents.

PCG reported first-quarter total revenues of $5.98 billion, up 2.1% from $5.86 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.11 billion by 2.1%.

NextEra Energy, Inc. NEE reported first-quarter 2025 adjusted earnings of 99 cents per share, which beat the Zacks Consensus Estimate of 97 cents by 2.1%. The bottom line was also up nearly 8.8% year over year.

In the first quarter, NextEra Energy’s operating revenues were $6.24 billion, which lagged the Zacks Consensus Estimate of $7.34 billion by 14.9%. However, the top line improved 9% year over year.

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This article originally published on Zacks Investment Research (zacks.com).

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