OGE Energy Q2 Profit Decreases - Quick Facts

(RTTNews) - OGE Energy Corp. (OGE) reported that its second-quarter net income to company decreased to $91.7 million or $0.46 per share, from $93.9 million or $0.47 per share, last year.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.48 for the quarter. Analytsts' estimates typically exclude special items. Total operating revenues decreased to $734.2 million from $855.0 million last year.

The company said its 2013 consolidated earnings guidance remains unchanged between approximately $335 million to $360 million of net income, or $1.68 to $1.80 per share. However, the company is now projecting earnings to be at the high end of the guidance range. Analysts expect the company to report fiscal 2013 earnings per share of $1.78.