OGE Energy Corp.’s OGE third-quarter 2020 earnings of $1.04 per share missed the Zacks Consensus Estimate of $1.09 by 4.6%. The bottom line, moreover, declined 16.8% from $1.25 registered in the year-ago quarter.Including one-time items, the company reported GAAP earnings of 89 cents per share compared with earnings of $1.25 in the year-ago quarter.RevenuesOGE Energy’s operating revenues of $702.1 million declined 7.1% from $755.4 million in the prior-year quarter. The year-over-year downside was primarily due to lower revenues from contracts with customers and other reduced revenues.Operational HighlightsTotal sales in the reported quarter amounted to 8.7 million megawatt-hours (MWh), lower than 9 million MWh in the prior-year quarter. Meanwhile, the company’s customer count inched up 1.1% to 865,259.Cost of sales summed $209.1 million compared with $234 million in the prior-year quarter.Total operating expenses declined 4.9% year over year to $235 million on account of lower depreciation and amortization expenses along with reduced operation and maintenance expenses.Operating income declined 5.9% to $258 million from the year-ago quarter’s $274.3 million.Interest expenses totaled $39.8 million in the third quarter, marginally up from $39.6 million a year ago.OGE Energy Corporation Price, Consensus and EPS Surprise OGE Energy Corporation price-consensus-eps-surprise-chart | OGE Energy Corporation QuoteOther HighlightsOGE Energy reported a net income of $177 million in the third quarter, down from the prior-year quarter’s $251 million.The OG&E segment’s net income plunged 12.3% to $199 million from $227 million reported in the prior-year quarter. The decrease can be primarily attributed to less favorable weather in the quarter compared to the year-ago quarter.The Natural Gas Midstream Operations segment posted third-quarter net income of $10 million compared with $29 million in the prior-year quarter. The decrease was primarily led by OGE's share of Enable's impairment of its investment in the Southeast Supply Header pipeline and lower net income from its gathering and processing business.2020 GuidanceOGE Energy updated its 2020 earnings guidance in the range of $2.00-$2.06 per share. The Zacks Consensus Estimate for 2020 earnings is pegged at $2.06 per share, above the midpoint of the company’s guided range.Zacks RankOGE Energy currently carries a Zacks Rank #5 (Strong Sell).Recent Utility ReleasesAmerican Electric Power AEP, a Zacks Rank #3 (Hold) company, reported third-quarter 2020 adjusted earnings per share of $1.47, which beat the Zacks Consensus Estimate of $1.46 by 0.7%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.NextEra Energy NEE, a Zacks Rank #3 company, reported third-quarter 2020 adjusted earnings of $2.66 per share, which beat the Zacks Consensus Estimate of $2.65 by 0.4%.Entergy Corporation ETR, a Zacks Rank #3 company, reported third-quarter 2020 adjusted earnings of $2.44 per share, which surpassed the Zacks Consensus Estimate of $2.42 by 0.8%.Breakout Biotech Stocks with Triple-Digit Profit PotentialThe biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Entergy Corporation (ETR): Free Stock Analysis Report American Electric Power Company, Inc. (AEP): Free Stock Analysis Report OGE Energy Corporation (OGE): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report To read this article on Zacks.com click here.