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OGE Energy Q3 net income slightly down
Thursday, November 05, 2009 12:55 AM


(Source: Datamonitor)trackingOGE Energy has reported a net income of $136.8 million, or $1.40 per diluted share, for the third quarter of 2009, compared to $139.5 million, or $1.50 per diluted share, for the same period of 2008.

The company has reported total operating revenues of $845.3 million for the third quarter of 2009, compared to $1.25 billion for the same quarter of 2008.

OGE Energy has reported a net income of $224 million, or $2.31 per diluted share, for the first nine months of 2009, compared to $210 million, or $2.26 per diluted share, for the corresponding period of 2008.

Year-to-date total operating revenues were $2.09 billion, compared to $3.38 billion for the first nine months of 2008.

Pete Delaney, chairman, president and CEO of OGE Energy, said: "We are pleased to report solid results in a difficult economy. In addition, we continue to make progress in positioning our businesses for growth. As a result, we are increasing our projected long term earnings growth rate to 5%-7%."

A service of YellowBrix, Inc.



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