Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
As you might know, OGE Energy Corp. (NYSE:OGE) last week released its latest full-year, and things did not turn out so...
To the annoyance of some shareholders, OGE Energy (NYSE:OGE) shares are down a considerable 34% in the last month...
ONEOK's (OKE) long-term fee-based commitments enable it to pay out dividends systematically.
Q1 2020 OGE Energy Corp Earnings Call
Q4 2019 OGE Energy Corp Earnings Call
OGE Energy Corp. (NYSE: OGE) held its 2020 Annual Meeting of Shareholders today virtually via the internet in support of the health and well-being of all company stakeholders, including shareholders, company personnel and local communities.
Moody's Investors Service, ("Moody's") today affirmed the ratings of CenterPoint Energy, Inc. (CenterPoint), including its Baa2 senior unsecured rating and Prime-2 short-term rating for commercial paper, and changed the rating outlook to negative from stable. "CenterPoint's loss of $155 million of cash flow from its Enable Midstream investment results in less cash flow serving the same debt load" said Robert Petrosino, Vice President -- Senior Analyst.
OGE Energy (OGE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
OGE Energy's (OGE) Q1 revenues of $431.3 million decline12% year over year, primarily on account of lower revenues from contracts.
OGE Energy Corp. (NYSE: OGE) announced today its support of the recent decision by Enable Midstream Partners, LP (NYSE: ENBL) to increase its annualized retained cash flow by approximately $450 million. OGE also reconfirmed the strength of its own balance sheet, credit metrics and liquidity position.
Companies in The News Are: BUD, GTN, OGE, PWR.
OGE Energy Corp. (NYSE: OGE) will hold its quarterly conference call to discuss fourth quarter and year-end 2019 results at 9 a.m. Eastern Time (8 a.m. Central Time), Thursday, Feb. 27, 2020.
Today we'll evaluate OGE Energy Corp. (NYSE:OGE) to determine whether it could have potential as an investment idea...
(Bloomberg) -- WEC Energy Group Inc. and OGE Energy Corp. may face the utility industry’s steepest hits to earnings as unpaid customer bills pile up, according to a research report.The Milwaukee-based utility’s pre-tax income may slide as much as 3.7%, Hugh Wynne and Eric Selmon, analysts with the investment research company SSR LLC, wrote Monday. They warn that the economic fallout from the coronavirus pandemic may drive uncollected electric and natural gas bills to the highest in two decades.Other utilities that may face a significant drag on earnings include Oklahoma-based OGE, with an estimated 3% decline, Avangrid Inc.with a 2.9% drop and Dominion Energy with a 2.8% fall.With millions of people out of work, many utilities have stopped disconnecting customers for failing to pay bills. While certain states allow utilities to recover the cost of unpaid bills through additional charges, utility cash flows will suffer until the rate increases go into effect, the analysts said. In addition, eleven states including Wisconsin are allowing utilities to track Covid-19 expenses, they said.Annual changes in unemployment rates account for about 39% of the increase in uncollected electric bills and 45% of gas bills, according to the report. U.S. unemployment skyrocketed to 14.7% in April, the highest since the Great Depression, as shelter-in-place orders forced businesses to shed millions of workers.WEC Energy said that under current regulations, the company can recover bad debt expenses and is working with regulators and stakeholders to track bills for future recovery. The company is also working with federal and state governments to help customers manage their bills. OGE, Avangrid and Dominion didn’t immediately respond to requests for comment.Regulators are letting utilities defer virus-related expenses including those from non-payments for future potential recovery, WEC Chairman Gale E. Klappa said during an earnings call last week.Dominion can recover the costs of lapsed collections over time for nearly all of its gas utilities. Chief Financial Officer James Chapman said on the Virginia-based company’s first-quarter earnings call that he does not expect “bad debt expense in excess of budgeted amounts to be a material driver for the year.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Ladies and gentlemen, thank you for standing by, and welcome to the Q1 2020 OGE Energy earnings conference call. Thank you, operator, and good morning, everyone, and welcome to OGE Energy Corp.'s first-quarter 2020 earnings call.
Unfortunately for some shareholders, the OGE Energy (NYSE:OGE) share price has dived 30% in the last thirty days...
OGE Energy's (OGE) bottom line during the fourth quarter plunges 33.3% from 27 cents in the year-ago quarter.
In this article we are going to estimate the intrinsic value of OGE Energy Corp. (NYSE:OGE) by estimating the...
In 2015, Robert Trauschke was appointed CEO of OGE Energy Corp. (NYSE:OGE). This report will, first, examine the CEO...