OGE Energy Q2 Profit Declines, Cuts 2015 Outlook - Quick Facts

(RTTNews) - OGE Energy Corp. (OGE), the parent company of Oklahoma Gas and Electric Co., reported that second-quarter net income attributable to the company declined to $87.5 million or $0.44 per share from $100.8 million or $0.50 per share in the prior-year quarter.

On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.44 per share for the quarter. Analysts' estimates typically exclude one-time items.

Total operating revenues for the quarter declined to $549.9 million from $611.8 million in the same quarter last year.

Looking ahead to fiscal 2015, the company lowered its earnings to a range of $1.76 to $1.89 per share from its previous range of $1.94 to $2.06 per share. Analysts expect the company to earn $1.88 per share for the year.