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Oge Energy Corp (NYSE: OGE) |
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Price: $45.0600
$0.67 
1.509%
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| Day's High:
| $45.28
| Week Perf:
| 1.81 %
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| Day's Low: |
$ 44.36 |
30 Day Perf: |
3.9 % |
| Volume (M): |
1,231 |
52 Wk High: |
$ 46.54 |
| Volume (M$): |
$ 55,464 |
52 Wk Avg: |
$39.30 |
| Open: |
$44.36 |
52 Wk Low: |
$32.37 |
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| Market Capitalization (Millions $) |
9,084 |
| Shares
Outstanding (Millions) |
202 |
| Employees |
4,000 |
| Revenues (TTM) (Millions $) |
2,985 |
| Net Income (TTM) (Millions $) |
442 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
1,091 |
Oge Energy Corp
OGE Energy Corp. is an American public utility holding company based in Oklahoma City, Oklahoma. The company primarily operates in the electric utility industry and natural gas transportation and storage industry. OGE Energy provides electricity services to more than 859,000 customers in Oklahoma and western Arkansas. The company also operates in the oil and gas exploration and production business through its subsidiary, Enogex LLC, which provides natural gas transportation and storage services.
OGE Energy was founded in 1995 after the merger of two previously independent energy companies: Oklahoma Gas and Electric Company (OG&E) and Enogex. The combined company became one of the largest energy providers in the southwestern United States. In 2014, OGE Energy spun off Enogex into a separate entity, creating Enable Midstream Partners.
The company's electric utility business is primarily operated by OG&E, which was founded in 1902 in downtown Oklahoma City. The company provides power to residential, commercial, and industrial customers through a network of generating stations, high-voltage transmission lines, and distribution lines. OG&E operates several power plants, including natural gas-fired plants, coal-fired plants, and wind farms. The wind farms contribute significantly to the company's power generation, with over 30% of the company's total generating capacity being sourced from wind energy.
OGE Energy has made efforts to integrate renewable energy sources into its operations, including expanding its wind power capacity and investing in solar energy development. The company has also implemented energy efficiency programs to help customers reduce their energy usage and costs. OGE Energy has been recognized for its strong sustainability practices, earning a spot on the Dow Jones Sustainability Index for North America for several consecutive years.
In addition to its electric utility operations, OGE Energy also operates in the natural gas transportation and storage industry. Through Enogex, the company owns and operates over 8,800 miles of natural gas transmission pipelines and 11 storage facilities in Oklahoma and Texas. Enogex provides natural gas transportation and storage services to customers in a variety of industries, including power generation, industrial, and commercial.
Overall, OGE Energy Corp. is a leading energy company in the southwestern United States, with a diverse portfolio of businesses in the electric utility and natural gas transportation and storage industries. The company has a strong commitment to sustainability and is well-positioned to meet the energy needs of its customers in the years to come.
Company Address: 321 North Harvey Oklahoma City 73101 OK
Company Phone Number: 553-3000 Stock Exchange / Ticker: NYSE OGE
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| Stock Performances by Major Competitors |
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| Dividend
Published Wed, Dec 6 2023 9:55 PM UTC
Oklahoma-based OGE Energy Corp. (NYSE: OGE) has recently announced a favorable dividend payment for its shareholders in the upcoming year. The company s Board of Directors has approved a first quarter dividend of $0.4182 per common share of stock, which is scheduled to be paid on January 26, 2024. This decision comes as a positive reinforcement of the company s commitment to...
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| Oge Energy Corp
In the face of a robust market performance, Oge Energy Corp, an electric utility company serving Oklahoma and Western Arkansas, recently released its financial results for the July to September 30, 2023, period. The company's report reflects a significant decline in income, a surge in earnings per share (EPS), and a slump in revenue, along with notable improvements in profit margins and operating earnings. While this juxtaposition of results may raise some concerns, it is important to consider the broader market context in order to gauge the impact of these financials.
Income and Revenue Decline
During the July to September 30, 2023, timeframe, Oge Energy Corp experienced a decline in income by 8.4%, with earnings per share dropping from $1.31 to $1.20 compared to the same period the previous year. Additionally, revenue declined by a substantial 25.606% to $945.40 million, compared to $1.27 billion in the corresponding period last year. However, this decline in revenue needs to be examined in the context of a sequentially significant increase of 56.264% from $605.00 million.
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| Oge Energy Corp
OGE Energy Corp Announces Strong Income Growth and Margin Improvement in Q2 2023
OGE Energy Corp, a leading energy company, reported a remarkable improvement in its income for the second quarter of 2023, with earnings per share (EPS) increasing by 22.22% to $0.44. This positive development comes despite a decline in revenue by -24.723% to $605.00 million compared to the same period last year.
Contrasting the declining revenue, OGE Energy Corp witnessed a significant boost in its Q1 revenue, which rose by 8.579% from $557.20 million. Additionally, the EPS more than doubled, increasing by 131.58% from $0.19 per share. The company's net earnings also saw a substantial increase of 20.93% to $88.400 million in the April to June 30, 2023 timeframe, compared to $73.100 million during the same period a year ago.
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| Oge Energy Corp
Despite the recent decline in revenue and earnings of Oge Energy Corp for the first quarter of 2023, there are still solid fundamentals and bright spots to consider. In fact, the market outlook is bullish for the utility giant, as we can see how the company is adjusting to adapt to the current market condition.
Of course, the decline of the company's revenue by -5.447% to $557.20 million for the first quarter of 2023 is still a cause for concern. Likewise, earnings per share tumbling by -86.33% to $0.19 is not an encouraging sign. However, it's essential to look at the company's performance from the previous reporting season, where revenue fell by -21.731 % from $711.90 million. This represents a substantial improvement from the previous quarter, which should be noted.
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| Per Share |
Current |
| Earnings (TTM) |
2.19 $ |
| Revenues (TTM) |
14.81 $
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| Cash Flow (TTM) |
0 $ |
| Cash |
0 $
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| Book Value |
23.02 $
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| Dividend (TTM) |
1.68 $ |
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| Per Share |
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| Earnings (TTM) |
2.19 $
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| Revenues (TTM) |
14.81 $ |
| Cash Flow (TTM) |
0 $ |
| Cash |
0 $
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| Book Value |
23.02 $ |
| Dividend (TTM) |
1.68 $ |
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| Provision for Rate Refund and Tax Refund |
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 -4.51 % |
of total Revenue |
| Integrated Market |
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1.99 % |
of total Revenue |
| Transmission |
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3.79 % |
of total Revenue |
| Other |
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0.79 % |
of total Revenue |
| Residential |
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42.74 % |
of total Revenue |
| Commercial |
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29.25 % |
of total Revenue |
| Industrial |
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8.03 % |
of total Revenue |
| Oilfield |
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7.02 % |
of total Revenue |
| Public Authority and Street Light |
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8.8 % |
of total Revenue |
| System Sales |
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95.85 % |
of total Revenue |
| Electric Company |
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100 % |
of total Revenue |
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