ADVFN - Advanced Financial Network.
HOME» NYSE » O » OGE Stock Price » OGE Stock News

Oge Share News

 Oge Energy Corp. Stock Price
OGE Stock Price
 Oge Energy Corp. Stock Chart
OGE Stock Chart
 Oge Energy Corp. Stock News
OGE Stock News
 Oge Energy Corp. Company Information
OGE Company Information
 Oge Energy Corp. Stock Trades
OGE Stock Trades

OGE Energy 2Q Profit Up 33% On Pipelines Unit, Weather

DOW JONES NEWSWIRES OGE Energy Corp.'s (OGE) second-quarter earnings rose 33% on better performance in its pipeline business as a sweltering start to the summer drove higher revenue at its electric utility. The parent company of Oklahoma Gas and Electric Co. also said it expected full-year earnings will top its February forecast of $3 to $3.20 a share. OGE has posted growing revenue last year as its Enogex pipeline business outpaced sluggish residential demand over the past few quarters. The pipeline unit again posted higher earnings in the latest quarter on rising demand, rebounding from a weak first-quarter performance. "In our midstream business, we're pleased to report margins are up in all areas as we continue to see growth in the natural gas liquids-rich basins of the midcontinent," Chairman and Chief Executive Pete Delaney said. OGE posted a profit of $103 million, or $1.04 a share, up from $77.3 million, or 78 cents a share, a year earlier. Analysts surveyed by Thomson Reuters predicted earnings of 88 cents a share. Revenue increased 10% to $978.1 million. Gross margin edged up to 43.8% from 42.9%. Oklahoma Gas and Electric reported 11% higher revenue on weather-related demand, while the midstream business saw revenue climb 9.4% as margins expanded. Shares closed Wednesday at $49.42 and weren't active premarket. In April, the stock hit its highest level since going public in 2004 and has since fallen 7.6%. -By Joan E. Solsman and Drew FitzGerald, Dow Jones Newswires; 212-416-2291;

Stock News for Oge (OGE)
11/25/201510:57:00Trauschke to succeed Delaney as Chairman of OGE Energy Corp.
11/17/201514:59:06Statement of Changes in Beneficial Ownership (4)
11/05/201508:40:20Quarterly Report (10-q)
11/05/201508:18:57Current Report Filing (8-k)
11/05/201506:50:00OGE Energy Corp. reports third quarter results
11/04/201506:50:00OGE Energy Corp. provides impact of Enable goodwill impairment
10/17/201508:26:14OGE Energy Is A Unique Opportunity For Energy Bulls
10/15/201508:00:00OGE Energy Corp. 3rd Quarter 2015 Earnings Webcast
10/01/201518:14:59Statement of Changes in Beneficial Ownership (4)
10/01/201518:14:59Statement of Changes in Beneficial Ownership (4)
10/01/201518:14:35Statement of Changes in Beneficial Ownership (4)
10/01/201518:14:06Statement of Changes in Beneficial Ownership (4)
10/01/201518:14:06Statement of Changes in Beneficial Ownership (4)
09/30/201512:34:00OGE Energy Corp. increases annual dividend to $1.10 per share
09/18/201509:00:00Electric Utilities Equities Coverage -- AES Corp., Calpine, DTE...
08/14/201516:36:25Statement of Changes in Beneficial Ownership (4)
08/06/201508:40:22Quarterly Report (10-q)
08/06/201508:14:40Current Report Filing (8-k)
08/06/201507:00:00OGE Energy Corp. reports second quarter results
07/17/201510:06:41Current Report Filing (8-k)

Oge Energy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations