OGE Energy (OGE) Tops Q4 Earnings Estimate, Sales Down Y/Y
Zacks Investment Research | Feb 23, 2018 03:37AM ET
OGE Energy Corp. (NYSE:OGE) reported fourth-quarter 2017 adjusted earnings of 30 cents per share, beating the Zacks Consensus Estimate of 28 cents by 7.1%. Adjustments include a one-time tax impact of $1.18 per share in relation to the recent U.S. Tax reform.
The company reported GAAP earnings of $1.48, which surpassed the year-ago quarter’s figure of 29 cents by a whopping 410%.
In 2017, the company reported adjusted earnings of $1.92 per share, which surpassed the Zacks Consensus Estimate by 1.1%.
Revenues
OGE Energy’s operating revenues of $501.9 million fell 5% from the prior-year quarter’s figure of $530.8 million.
In 2017, the company’s operating revenues of $2,261 slipped 0.1% from the prior-year’s figure of $2,259 million.
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