OGE Energy Q1 Profit Declines, Backs 2015 Outlook - Quick Facts

(RTTNews) - OGE Energy Corp. (OGE), the parent company of Oklahoma Gas and Electric Co., reported that first-quarter net income attributable to the company declined to $43.2 million or $0.22 per share, up from $49.3 million or $0.25 per share in the prior-year quarter.

On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $0.16 per share for the quarter. Analysts' estimates typically exclude one-time items.

Total operating revenues for the quarter declined to $480.1 million from $560.4 million in the same quarter last year.

Looking ahead to fiscal 2014, the company maintained its outlook for consolidated earnings in a range of $1.94 to $2.06 per share. Analysts expect the company to earn $1.84 per share for the year.