NYSE$OGE
OGE Energy Corp. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
OGE Energy reported mixed Q2 2023 results with revenue increase offset by lower EPS.
OGE Energy Corp. announced its Q2 2023 financial results, with revenue reaching $891 million, up from the previous year. However, diluted EPS decreased to $0.71 from $1.08 in the same period last year, while non-GAAP EPS was $0.77. The company reaffirmed its 2023 earnings guidance.
- OGE Energy's Q2 revenue increased to $891 million.
- Diluted EPS decreased to $0.71, compared to $1.08 in Q2 2022.
- Non-GAAP EPS for Q2 2023 was $0.77.
- The company reaffirmed its 2023 earnings guidance.
Headline financials
Revenue & EPS history
OGE Energy · Revenue · Quarterly
$605M
Revenue by segment
OGE Energy · $891M total across 6 segments · Q2 2023
- Residential$298M+8.0%33.4%
- Commercial$229M+4.6%25.7%
- Industrial$154M+13.2%17.3%
- Other$96M+21.5%10.8%
- Public authorities & SL$75M+7.1%8.4%
- Oilfield$39M+11.4%4.4%
Forward guidance
OGE Energy reaffirmed its 2023 earnings guidance.
Tailwinds
- Continued focus on operational efficiency.
- Investments in grid modernization.
- Commitment to sustainability initiatives.
- Strong financial position.
- Positive outlook for service territory economic growth.
Headwinds
- Uncertainty in regulatory outcomes.
- Potential for increased operating costs.
- Impact of weather on energy demand.
- Volatility in fuel prices.
- Changes in customer usage patterns.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+0.2%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+1.7%
Avg return
30 days after
65%
44 / 68 earnings
Positive
+6.9%
Q4 2017
Best reaction
-11.6%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.5% | +1.2% | -0.5% | |
| Q4 2025 | -0.9% | +2.6% | -1.6% | |
| Q3 2025 | -2.3% | -2.8% | +0.9% | |
| Q1 2025 | -0.7% | -1.2% | -2.7% | |
| Q4 2024 | +0.4% | +2.9% | +2.5% | |
| Q3 2024 | +5.9% | +7.7% | +8.2% | |
| Q2 2024 | +0.9% | +0.8% | +2.0% | |
| Q1 2024 | +1.1% | +2.7% | +4.8% | |
| Q4 2023 | +1.0% | -0.3% | +2.4% | |
| Q3 2023 | +2.2% | -0.3% | +2.9% | |
| Q2 2023 | -4.1% | -4.6% | -6.6% | |
| Q1 2023 | +2.6% | +2.1% | -3.1% | |
| Q4 2022 | -1.8% | -5.2% | -5.4% | |
| Q3 2022 | +3.1% | +2.3% | +8.8% | |
| Q2 2022 | -1.0% | +0.9% | -0.0% | |
| Q1 2022 | -0.9% | -2.4% | +3.3% | |
| Q4 2021 | +4.9% | +5.9% | +12.6% | |
| Q3 2021 | +0.0% | -1.4% | +3.9% | |
| Q2 2021 | +2.8% | +3.3% | +4.6% | |
| Q1 2021 | +1.5% | +0.0% | +2.7% | |
| Q4 2020 | -6.1% | -4.5% | +4.0% | |
| Q3 2020 | -1.7% | +6.1% | +2.0% | |
| Q2 2020 | +3.3% | +1.9% | -2.1% | |
| Q1 2020 | +6.2% | +2.4% | +14.9% | |
| Q4 2019 | -11.6% | -10.3% | -25.8% | |
| Q3 2019 | +0.2% | +0.4% | +0.6% | |
| Q2 2019 | +1.2% | +1.3% | +1.8% | |
| Q1 2019 | -0.2% | +0.4% | -0.3% | |
| Q4 2018 | +2.0% | -0.0% | +2.8% | |
| Q3 2018 | +2.1% | +4.6% | +8.0% | |
| Q2 2018 | +1.6% | +1.7% | +2.0% | |
| Q1 2018 | +3.2% | +2.2% | +3.9% | |
| Q4 2017 | +6.9% | +2.5% | +2.0% | |
| Q3 2017 | -2.7% | -2.1% | -3.7% | |
| Q2 2017 | +0.5% | +1.4% | +0.1% | |
| Q1 2017 | -1.3% | -3.2% | +3.1% | |
| Q4 2016 | +3.3% | +5.4% | +2.1% | |
| Q3 2016 | +2.3% | +6.3% | +8.8% | |
| Q2 2016 | -1.2% | -0.1% | +0.8% | |
| Q1 2016 | +0.1% | — | — | |
| Q4 2015 | -7.7% | — | — | |
| Q3 2015 | -8.2% | — | — | |
| Q2 2015 | +1.5% | — | — | |
| Q1 2015 | -0.1% | — | — | |
| Q4 2014 | -3.8% | — | — | |
| Q3 2014 | +0.7% | — | — | |
| Q2 2014 | +0.5% | — | — | |
| Q1 2014 | -2.8% | — | — | |
| Q4 2013 | +0.2% | — | — | |
| Q3 2013 | +2.3% | — | — | |
| Q2 2013 | +1.5% | — | — | |
| Q1 2013 | +1.9% | — | — | |
| Q4 2012 | -1.2% | — | — | |
| Q3 2012 | -2.5% | — | — | |
| Q2 2012 | +4.2% | — | — | |
| Q1 2012 | +3.0% | — | — | |
| Q4 2011 | +0.9% | — | — | |
| Q3 2011 | +2.9% | — | — | |
| Q2 2011 | -8.9% | — | — | |
| Q1 2010 | -3.8% | — | — | |
| Q1 2011 | +1.8% | — | — | |
| Q4 2010 | +3.8% | — | — | |
| Q4 2008 | +3.8% | — | — | |
| Q3 2009 | +1.7% | — | — | |
| Q3 2010 | +1.7% | — | — | |
| Q2 2010 | +0.5% | — | — | |
| Q4 2009 | +0.5% | — | — | |
| Q2 2009 | +0.5% | — | — |
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