Summary
OGE Energy Corp. on Wednesday reported a 48 percent drop in net income for the first quarter.
The parent company of Oklahoma Gas and Electric Co. and Enogex Inc. said the decline was primarily from lower gross margins at Enogex and higher expenses at both Enogex and OG&E, which more than offset higher gross margins at OG&E.See the full content of this document
Extract
Oge Energy Corp.'S Net Income Drops 48 Percent
Net income for the quarter totaled $5.3 million, or 6 cents per share, down from $10.2 million...
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