OGE Energy Corp. (OGE) Releases Earnings Results, Reports EPS of $0.13 EPS

OGE Energy Corp. (OGE) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.13 EPS for the quarter. Analysts had a consensus estimate of $0.13. The company posted revenue of $433.10 million in the period. The company’s revenue was down -9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS.

OGE Energy Corp. opened for trading at $29.29 and hit $30.02 on the upside on Wednesday, eventually ending the session at $29.92, with a gain of 1.98% or 0.58 points. The heightened volatility saw the trading volume jump to 13,65,385 shares. Company has a market cap of $5,975 M.

In a different news, on May 3, 2016, H Scott Forbes (Controller and CAO) sold 1,353 shares at $29.50 per share price. According to the SEC, on Aug 14, 2015, Jerry A Peace (Chief Gen Plan & Procurement) sold 6,000 shares at $30.42 per share price. On Mar 6, 2015, Judy R Mcreynolds (director) purchased 1,000 shares at $31.70 per share price, according to the Form-4 filing with the securities and exchange commission.

OGE Energy Corp. (OGE Energy) is an energy and energy services provider offering physical delivery and related services for both electricity and natural gas in the south central United States. The Company operates through two business segments: electric utility and natural gas midstream operations. The electric utility segment generates transmits distributes and sells electric energy in Oklahoma and western Arkansas. Its operations are conducted through Oklahoma Gas and Electric Company (OG&E) a wholly owned subsidiary of the Company and an electric utility-based in Oklahoma with its franchised service territory at the Fort Smith Arkansas area. The natural gas midstream operations segment through its investment in Enable Midstream Partners LP (Enable) through its wholly owned subsidiary OGE Holdings which is engaged in the business of gathering processing transporting and storing natural gas.

OGE Energy Corp.

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