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OGE

OGE Energy Corp.

OGE

OGE Energy Corp. • NYSE
$45.78 ▲ 0.62% (+0.28)
Market Cap $9.21 B
52w High $47.33
52w Low $39.41
Dividend Yield 1.69%
P/E 18.39
Volume 636.85K
Outstanding Shares 201.25M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.045B ▲ $315.2M ▲ $231.3M ▲ 22.134% ▲ $1.15 ▲ $430.4M ▲
Q2-2025 $741.6M ▼ $166.8M ▼ $107.5M ▲ 14.496% ▲ $0.53 ▲ $342.3M ▲
Q1-2025 $747.7M ▼ $168.6M ▲ $62.7M ▼ 8.386% ▼ $0.31 ▼ $277.6M ▼
Q4-2024 $760.5M ▼ $157.9M ▼ $101.9M ▼ 13.399% ▼ $0.51 ▼ $315.2M ▼
Q3-2024 $965.4M $170.7M $218.7M 22.654% $1.09 $467.9M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $300K ▼ $14.257B ▲ $9.46B ▲ $4.797B ▲
Q2-2025 $500K ▼ $14.089B ▲ $9.444B ▲ $4.645B ▲
Q1-2025 $26.9M ▲ $13.953B ▲ $9.338B ▲ $4.616B ▼
Q4-2024 $600K ▼ $13.716B ▲ $9.075B ▲ $4.641B ▲
Q3-2024 $9.9M $13.476B $8.859B $4.617B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $231.3M ▲ $397.8M ▲ $-247.8M ▲ $-150.2M ▼ $-200K ▲ $921M ▲
Q2-2025 $107.5M ▲ $338.6M ▲ $-295.3M ▼ $-69.7M ▼ $-26.4M ▼ $64.9M ▲
Q1-2025 $62.7M ▼ $15.9M ▼ $-263.7M ▲ $274.1M ▲ $26.3M ▲ $-233.6M ▼
Q4-2024 $101.9M ▼ $129.6M ▼ $-309.9M ▼ $171M ▲ $-9.3M ▼ $-167M ▼
Q3-2024 $218.7M $347.1M $-261.7M $-75.6M $9.8M $103M

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
Electric Utility
Electric Utility
 $970.00M ▲$750.00M ▼$740.00M ▼$1.04Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been choppy over the last few years but is generally holding up, with a slight rebound recently after a dip. Profit margins look relatively healthy for a regulated utility, and operating profit has trended upward, suggesting good cost control and regulatory recovery of investments. However, net earnings are below the peak levels reached a few years ago and have shown some volatility, which points to one‑off items and changing cost or rate dynamics flowing through the bottom line. Overall, the core utility business appears solid, but recent years show less earnings strength than the earlier high point.

Balance Sheet

Balance Sheet The balance sheet reflects a typical capital‑intensive utility: large asset base, meaningful debt, and a steadily growing equity cushion. Assets have been gradually rising as the company invests in its grid and generation. Debt has also climbed, indicating greater financial leverage to fund those projects, but shareholder equity has grown as well, which helps support the balance sheet. Reported cash balances are minimal, which is normal for a regulated utility that relies more on stable cash inflows and access to capital markets than on holding large cash reserves. The key watchpoint is how comfortably future earnings and rates can support the higher debt load.

Cash Flow

Cash Flow Operating cash flow has generally been positive and reasonably strong, though there was one weak year that stands out as an exception. Free cash flow, after capital spending, is often near zero or negative because the company is consistently investing heavily in its system. This pattern is common for regulated utilities in an investment phase: they spend a lot upfront on grid and generation projects, then recover those costs over time through rates. It does mean ongoing reliance on external financing, so the success of these projects and regulatory support for cost recovery are critical to long‑term cash health.

Competitive Edge

Competitive Edge OGE benefits from the powerful advantage of being a regulated monopoly in its service area, which gives it a protected customer base and relatively predictable revenue. Its reputation for keeping electricity rates comparatively low improves its standing with both regulators and customers, helping when it seeks approval for new investments. The company’s early and broad deployment of smart meters and grid automation adds an operational edge, improving reliability and efficiency. Main competitive risks are not from other utilities but from regulatory decisions, political pressure on rates, weather‑related events, and the long‑term shift in how customers use and generate power (such as rooftop solar and energy efficiency).

Innovation and R&D

Innovation and R&D For a regulated utility, OGE is quite active on the innovation front. It has rolled out a smart grid with advanced meters, automated voltage control, and is now layering on more automation and “self‑healing” capabilities, supported by federal grants. The company is piloting AI tools for equipment inspections to cut costs and improve reliability. On the customer side, programs like time‑of‑use pricing, energy‑efficiency rebates, and EV charging incentives show a focus on demand management and customer engagement. Strategically, OGE is moving toward a cleaner and more flexible portfolio with expanded solar, battery storage agreements, and exploration of hydrogen as a future option. This positions the utility to handle more renewables and changing grid needs over the coming decades.

Summary

OGE looks like a traditional regulated electric utility that is in an investment‑heavy phase, modernizing its grid and preparing for cleaner, more flexible power supply. Financially, the core operations appear solid, with stable revenue and improving operating profitability, but net earnings have been less consistent, and rising debt reflects the cost of its capital program. Cash flows show that much of what it earns is being reinvested, which is typical but does increase dependence on regulators and capital markets. Competitively, its regulated monopoly status, relatively low rates, and operational improvements give it a sturdy position, while its smart grid, storage, and clean‑energy initiatives suggest a utility that is trying to stay ahead of industry shifts rather than react to them. Long‑term outcomes will hinge on regulatory support, execution of major projects, and how well it manages financial leverage during this elevated investment period.

NEWS

November 20, 2025 · 11:50 PM UTC

OGE Energy Corp. Prices Public Offering of 8,023,256 Shares of Common Stock

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November 20, 2025 · 4:47 PM UTC

OGE Energy Corp. Announces Public Offering of $345 Million of Shares of Common Stock

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October 29, 2025 · 7:00 AM UTC

OGE Energy Corp. reports third quarter 2025 results

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September 29, 2025 · 7:21 PM UTC

OGE Energy Corp. third quarter 2025 earnings webcast

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September 23, 2025 · 4:25 PM UTC

OGE Energy Corp. appoints treasurer

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