OGE Energy reaffirms profit forecast for the full-year
OKLAHOMA CITY—OGE Energy Corp. on Wednesday reaffirmed its earnings forecast for the full-year, predicting that a higher expected profit at its natural gas pipeline business will offset lower profit at its electric utility subsidiary.
The company expects to earn $2.40 per share to $2.60 per share for the year.
OGE Energy said it forecasts higher earnings at its natural gas pipeline business Enogex LLC, helped by higher commodity prices. But the company expects lower earnings at its Oklahoma Gas & Electric business because of higher operating costs.
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