Earnings Analysis for OGE’s Last 3 Years
Revenue Analysis
Total and Operating Revenue: Over the years, OGE’s total revenue has shown fluctuations. The latest data from 2024-03-31 shows a total revenue of approximately $596.8 million, compared to $566.7 million in 2023-12-31, $945.4 million in 2023-09-30, and $605 million in 2023-06-30. Operating revenue exhibits similar patterns, with incremental increases and high variability.
Gross Profit Margins: Gross profit has also varied, standing at $232.2 million as of 2024-03-31, indicating a change relative to previous quarters like $250 million in 2023-12-31 and a higher $488.9 million in 2023-09-30. The margins reflect the cost management and revenue generation effectiveness.
Cost Management
Cost of Revenue: The cost of revenue trends align with total revenue changes, with notable values of $364.6 million as of 2024-03-31, less than the $456.5 million in the third quarter of 2023. These fluctuations are indicative of varying operational costs and pricing strategies.
Operating Expense: Operating expenses have shown a variety in trend, with a notable value of $158.2 million as of 2024-03-31. Earlier figures like $146.7 million in 2023-12-31 provide insights into the company’s scaling and operational adjustments.
Total Expenses: Total expenses were reported at $522.8 million as of the first quarter of 2024, compared to previous quarters which also depicted significant variations supportive of the revenue and operational cost interplay.
Profitability Analysis
EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) have been robust over the selected periods, with $209.6 million documented in the latest 2024 quarter. These figures are vital for understanding operational effectiveness excluding financing and accounting impacts.
Operating and Pretax Income: Operating income for 2024-03-31 was $74 million, while pretax income was $20.2 million, showing profitability before tax obligations. These figures are crucial for assessing operational efficiency and fiscal discipline.
Net Income: Net income provides the bottom-line profitability which stood at $18.6 million as of 2024-03-31. This is a crucial metric for investors and stakeholders assessing the company’s profitability.
Cash Flow Indicators
Reconciled Depreciation: Depreciation values like $129.2 million as of 2024-03-31 illustrate the company’s asset depreciation over time, impacting fiscal assessments and tax calculations.
Interest Expense: Interest expenses such as the $60.2 million reported in the latest 2024 data are indicative of the company’s debt levels and financing costs.
Taxation
Tax Rate and Provisions: The corporate tax rate as of 2024-03-31 was low at about 7.92%, with a tax provision of $1.6 million indicating tax liabilities calculated for that period. Notably, the taxation figure provides insights into fiscal liabilities and planning.
Shareholder Metrics
Diluted and Basic EPS: Earnings per share values are essential for investors, with recent EPS being $0.09 in 2024, reflective of earnings available to shareholders per share.
Average Shares and Net Income Available: The total diluted average shares were around 200.6 million in 2024, with net income available to common stockholders at $18.6 million, determining the earnings distribution among shares.
Conclusion
OGE has demonstrated varied yet noteworthy financial performance over the past years, marked by fluctuations in revenue, costs, and profitability. The company’s management appears adept at navigating operational costs and capitalizing on revenue-generating opportunities. It’s advisable for potential investors and stakeholders to continue monitoring these trends for any significant changes that could affect the company’s long-term financial health.