OGE Energy Corp. (NYSE:OGE) Q2 2017 Earnings Conference Call - Preliminary Transcript

Aug 03, 2017 • 09:00 am ET

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OGE Energy Corp. (NYSE:OGE) Q2 2017 Earnings Conference Call - Preliminary Transcript

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Presentation
Executive
Steve Merrill

of producer rig activity that have on our system in two years. At the same time, the distribution coverage improved to 1.13 times.

Turning 2017 outlook, guidance remains unchanged. At the utility, we project earnings per share to be at the low end of the earnings range of $58 to $70 for average diluted share. As you know, over half of earnings will occur in the third quarter. As a reminder, guidance includes approximately $0.6 per share for rates implemented on July 1st 2016 through December 31st 2016. The 2017, full year impact of the rate order is approximately $0.14.

That concludes our prepared remarks. We'll now answer your questions.