Analyst Consensus ?
ConsensusHold24 ratings
Bullish937.5%
Neutral1562.5%
Bearish00.0%
OGE Energy Corp. · OGE · FY2025 Q4 · Calendar Q1 2026
OGE’s 2026 growth plan depends on converting large-load demand into infrastructure returns
OGE’s growth case rests on expanding electricity demand and infrastructure investment translating into durable earnings growth. Management described a substantial investment program and large-load opportunities, while execution depends on regulatory approvals, contract terms and timely recovery of capital costs.
Reported Before market openNYSEUtilities
$10.23B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.33
Consensus $0.30
EPS surprise
+10.0%
Reported versus consensus
Reported revenue
$725.8M
Consensus $570.6M
Revenue surprise
+27.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.9%
Event window
SPY move
+0.5%
Same window
Abnormal move
-1.4%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
+2.8%
Up to 20 sessions
OGESPY benchmark
Ask FN2 about OGE FY2025 Q4
Transcript, numbers and history already loaded
Why did OGE fall 0.9% after beating EPS estimates in FY2025 Q4?What changed in OGE's guidance and outlook in FY2025 Q4?Give me the bull and bear case for OGE after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current call shifted the focus from the prior quarter’s early data-center opportunity and project announcements to the full-year outlook and a broader execution agenda: large-load tariffs and contracts, storage approvals, transmission development, and capacity procurement. Management maintained its 2026 guidance; the supplied analysis does not describe a change to that outlook.
Guidance delta
Maintained. Management set 2026 EPS guidance at $2.43 and retained a long-term EPS growth target of 5–7%, according to the supplied call analysis.
Key takeaways
- Management said FY2025 earnings reached the top of guidance, supported by weather-normalized load growth and customer additions.
- The capital plan includes generation, storage and transmission investments, alongside a targeted rate-base growth trajectory.
- Large-load data-center contracts and the associated tariff process are important potential demand drivers, but contract execution and customer protections remain central.
- Management emphasized maintaining low rates while expanding reliable infrastructure.
Management priorities
- Pursue Oklahoma and Arkansas rate reviews and required project approvals.
- Finalize the large-load tariff and Customer X agreement and progress the related filings.
- Advance the Seminole–Shreveport transmission project and continue capacity procurement through RFPs.
- Develop generation and storage capacity while protecting reliability and the company’s low-rate positioning.
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Try FN2 freeEarnings History
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Beat
Miss
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Analyst 52W Price Targets
$49.47Current
$39Low
$47.81Average
$55High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 30, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Oct 29, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Oct 21, 2026 |
| Argus Research | Buy | Buy | Maintain | Sep 16, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Sep 9, 2026 |
| RBC Capital | Outperform | Sector Perform | Upgrade | Sep 2, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 22, 2026 |
| Ladenburg Thalmann | Neutral | Neutral | Maintain | May 11, 2026 |
| UBS | Neutral | Neutral | Maintain | Dec 17, 2025 |
| Mizuho | Neutral | Neutral | Maintain | Oct 30, 2025 |
| Jefferies | Buy | Buy | Maintain | Oct 22, 2025 |
| Evercore ISI Group | Outperform | In Line | Upgrade | Jan 21, 2025 |
| Guggenheim | Neutral | Neutral | Maintain | Jul 7, 2023 |
| B of A Securities | Neutral | Buy | Downgrade | Feb 24, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Apr 26, 2022 |
| Goldman Sachs | Neutral | Sell | Upgrade | Oct 20, 2020 |
| Bank of America | Buy | Neutral | Upgrade | Sep 6, 2019 |
| Argus | Buy | Hold | Upgrade | May 5, 2018 |
| Edward Jones | Hold | Buy | Downgrade | Dec 27, 2017 |
| Wunderlich Securities | Hold | Hold | Maintain | Aug 7, 2015 |
| Wunderlich | Hold | Hold | Maintain | Aug 7, 2015 |
| Tudor Pickering | Buy | Accumulate | Maintain | Sep 25, 2014 |
| KeyBanc | Hold | Hold | Maintain | Dec 23, 2013 |
| Williams Capital | Buy | Buy | Maintain | Aug 15, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $49.47. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Scotiabank | Analyst unavailable | $54 | $49.2 | +9.2% | Oct 28, 2026 |
| Morgan Stanley | Analyst unavailable | $47 | $48 | -5.0% | Oct 21, 2026 |
| Wells Fargo | Shahriar Pourreza | $49 | $46.72 | -1.0% | Oct 20, 2026 |
| Barclays | Nicholas Campanella | $48 | $47.53 | -3.0% | Oct 19, 2026 |
| Morgan Stanley | Analyst unavailable | $46 | $45.54 | -7.0% | Sep 18, 2026 |
| RBC Capital | Stephen D\'Ambrisi | $54 | $45.99 | +9.2% | Sep 2, 2026 |
| Morgan Stanley | Analyst unavailable | $49 | $46.53 | -1.0% | Aug 21, 2026 |
| Morgan Stanley | Analyst unavailable | $51 | $48.89 | +3.1% | Jul 22, 2026 |
| BMO Capital | Edward DeArias | $49 | $48.85 | -1.0% | Jul 22, 2026 |
| Barclays | Analyst unavailable | $52 | $48.99 | +5.1% | Jul 14, 2026 |
| Morgan Stanley | Analyst unavailable | $50 | $48.37 | +1.1% | Jun 24, 2026 |
| Wells Fargo | Analyst unavailable | $47 | $47.1 | -5.0% | Apr 27, 2026 |
| Mizuho Securities | Anthony Crowdell | $49 | $46.49 | -1.0% | Feb 19, 2026 |
| Wells Fargo | Shahriar Pourreza | $41 | $46.49 | -17.1% | Feb 19, 2026 |
| Barclays | Nicholas Campanella | $49 | $43.7 | -1.0% | Jan 22, 2026 |
| Wells Fargo | Shahriar Pourreza | $39 | $43.64 | -21.2% | Jan 20, 2026 |
| BMO Capital | Analyst unavailable | $45 | $42.49 | -9.0% | Jan 13, 2026 |
| UBS | Analyst unavailable | $44 | $43.07 | -11.1% | Dec 17, 2025 |
| Mizuho Securities | Anthony Crowdell | $47 | $44.41 | -5.0% | Oct 29, 2025 |
| Wells Fargo | Analyst unavailable | $45 | $46.48 | -9.0% | Oct 27, 2025 |
| RBC Capital | Stephen D'Ambrisi | $51 | $46.48 | +3.1% | Oct 27, 2025 |
| Jefferies | Analyst unavailable | $55 | $46.66 | +11.2% | Oct 22, 2025 |
| Barclays | Nicholas Campanella | $51 | $46.65 | +3.1% | Oct 21, 2025 |
| UBS | Analyst unavailable | $47 | $45.35 | -5.0% | Oct 10, 2025 |
| Barclays | Nicholas Campanella | $39 | $39.32 | -21.2% | Aug 12, 2024 |
| Barclays | Nicholas Campanella | $35 | $35.13 | -29.3% | Jun 18, 2024 |
| Barclays | Nicholas Campanella | $34 | $34.04 | -31.3% | Apr 22, 2024 |
| Wells Fargo | Sarah Akers | $40 | $36.95 | -19.1% | May 16, 2023 |
| Mizuho Securities | Anthony Crowdell | $57 | $37.72 | +15.2% | Apr 19, 2023 |
| Wells Fargo | Sarah Akers | $66 | $36.12 | +33.4% | Mar 17, 2023 |
| Barclays | Analyst unavailable | $41 | $39.18 | -17.1% | Jul 18, 2022 |
| Mizuho Securities | Analyst unavailable | $39 | $40.04 | -21.2% | Jul 5, 2022 |
| Mizuho Securities | Anthony Crowdell | $38 | $37.04 | -23.2% | Jun 14, 2022 |
| Wells Fargo | Analyst unavailable | $43 | $40.52 | -13.1% | Apr 27, 2022 |
| Credit Suisse | Analyst unavailable | $42 | $41.07 | -15.1% | Apr 26, 2022 |
| Mizuho Securities | Analyst unavailable | $42 | $42.35 | -15.1% | Apr 20, 2022 |
Track every rating change on OGE the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationOGE Energy Corp., along with its various subsidiaries, operates as a comprehensive energy and utility provider. The company facilitates the physical delivery and associated services for electricity, natural gas, crude oil, and natural gas liquids across the United States. Its core operations encompass the generation, transmission, distribution, and sale of electrical power. OGE Energy serves approximately 879,000 retail electric customers within an expansive service area spanning about 30,000 square miles in Oklahoma and western Arkansas. The company also owns and manages a diverse portfolio of power generation facilities, utilizing coal, natural gas, wind, and solar sources. As of December 31, 2021, OGE Energy Corp.…
Historical context
All OGE earningsUtilities peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| EXC Exelon Corporation | FY2026 Q3 · Calendar Q4 2026 | +10.4% | +0.5% | Exelon narrows 2026 outlook as transmission and storage pipeline expands |
| D Dominion Energy, Inc. | FY2026 Q3 · Calendar Q4 2026 | +5.8% | +2.3% | Dominion raises guidance as data-center demand and CVOW progress continue |
| LNT Alliant Energy Corporation | FY2026 Q3 · Calendar Q4 2026 | +16.0% | +1.4% | Alliant expands capital plan as data-center demand lifts growth outlook |
| EIX Edison International | FY2026 Q3 · Calendar Q4 2026 | +3.3% | -0.2% | Edison reaffirms 2026 outlook as wildfire reform remains unresolved |
Latest beats and misses
Who reports nextBeat on EPS
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- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the OGE recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-02T04:20:44.443472+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T04:20:44.440471+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.