A month has gone by since the last earnings report for OGE Energy (OGE Quick QuoteOGE - Free Report) . Shares have added about 1.4% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is OGE Energy due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for OGE Energy Corporation before we dive into how investors and analysts have reacted as of late.

OGE Energy’s Q4 Earnings Beat Estimates, Revenues Rise Y/Y

The company reported fourth-quarter 2025 earnings of 33 cents per share, which missed the Zacks Consensus Estimate of 30 cents by 10%. However, the figure declined 35.3% from 51 cents per share recorded in the year-ago quarter.

OGE Energy’s Revenues

OGE’s operating revenues of $726 million declined 4.6% from $761 million recorded in the prior-year quarter. The top line missed the Zacks Consensus Estimate of $772 million by 5.9%.

OGE’s Operational Highlights

Total sales in the reported quarter were 8.2 million megawatt-hours (MWh), up from 7.7 MWh in the prior-year quarter. The company’s customer count increased 0.7% to 913,305.

During 2025, the cost of fuel, purchased power and direct transmission increased 17% to $1.26 billion from $1.08 billion in the prior year.

Total operating expenses for 2025 rose 3.2% to $1.20 billion, primarily driven by higher other operation and maintenance expenses.

Operating income totaled $799.4 million in 2025, up 7.3% from the year-ago level of $745.3 million.

Financial Highlights of OGE

OGE had cash and cash equivalents of $0.2 million as of Dec. 31, 2025, compared with $0.6 million as of Dec. 31, 2024.

Long-term debt totaled $5.37 billion as of Dec. 31, 2025, up from $5.02 billion as of Dec. 31, 2024.

During 2025, OGE generated cash from operating activities worth $1.14 billion compared with the year-ago figure of $0.81 billion.

OGE’s 2026 Guidance

The company expects to generate earnings in the range of $2.38-$2.48 per share. The Zacks Consensus Estimate is pegged at $2.43, which is in line with the midpoint of the company’s guided range.

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed a downward trend in estimates review.

VGM Scores

Currently, OGE Energy has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a score of C on the value side, putting it in the middle 20% for value investors.

Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, OGE Energy has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry Player

OGE Energy is part of the Zacks Utility - Electric Power industry. Over the past month, Exelon (EXC Quick QuoteEXC - Free Report) , a stock from the same industry, has gained 1.4%. The company reported its results for the quarter ended December 2025 more than a month ago.

Exelon reported revenues of $5.41 billion in the last reported quarter, representing a year-over-year change of -1.1%. EPS of $0.59 for the same period compares with $0.64 a year ago.

For the current quarter, Exelon is expected to post earnings of $0.89 per share, indicating a change of -3.3% from the year-ago quarter. The Zacks Consensus Estimate has changed -1.4% over the last 30 days.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Exelon. Also, the stock has a VGM Score of D.