NYSE : OGE
OGE Energy Corp. — Financial statements
Utilities · Utilities - Regulated Electric · United States
Last price 49.37 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 10.21B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
OGE Energy Corp. (OGE) reported revenue of 3.37B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 3.29B | 3.19B | 2.92B | 2.61B | 3.30B | 3.59B |
| Other Revenue | 83.80M | 69.20M | 68.70M | 67.00M | 71.50M | 65.00M |
| Revenue | 3.37B | 3.26B | 2.99B | 2.67B | 3.38B | 3.65B |
| Operations & Maintenance | 551.70M | 531.60M | 514.40M | 502.60M | 501.40M | 463.10M |
| Depreciation & Amortization | 558.80M | 559.80M | 539.50M | 506.60M | 460.90M | 416.00M |
| Other Operating Expenses | 1.40B | 1.38B | 1.19B | 1.01B | 1.78B | 2.24B |
| Total Operating Expenses | 2.51B | 2.47B | 2.24B | 2.02B | 2.74B | 3.12B |
| Operating Income | 860.80M | 788.40M | 743.10M | 655.80M | 636.60M | 538.10M |
| Interest Expense | -274.70M | -286.10M | -269.10M | -228.50M | -170.30M | -161.80M |
| Net Interest Expense | -274.70M | -286.10M | -269.10M | -228.50M | -170.30M | -161.80M |
| Income (Loss) on Equity Investments | 169.80M | |||||
| Allowance for Equity Funds for Construction | 28.90M | 26.00M | 25.50M | 19.40M | 6.90M | 6.70M |
| Allowance for Borrowed Funds for Construction | 14.40M | 15.80M | 14.60M | 7.10M | 4.00M | 3.50M |
| Other Non-Operating Income (Expenses) | 25.30M | 16.40M | 6.50M | 19.20M | 30.00M | 330.80M |
| EBT Excluding Unusual Items | 654.70M | 560.50M | 520.60M | 473.00M | 507.20M | 887.10M |
| Gain (Loss) on Sale of Investments | 282.10M | -8.60M | ||||
| Pretax Income | 654.70M | 560.50M | 520.60M | 473.00M | 789.30M | 878.50M |
| Income Tax Expense | 102.80M | 89.80M | 79.10M | 56.20M | 123.60M | 141.20M |
| Net Income | 551.90M | 470.70M | 441.50M | 416.80M | 665.70M | 737.30M |
| Net Income to Common | 551.90M | 470.70M | 441.50M | 416.80M | 665.70M | 737.30M |
| Shares Outstanding (Basic) | 205.80M | 201.90M | 200.80M | 200.30M | 200.20M | 200.10M |
| Shares Outstanding (Diluted) | 206.78M | 202.50M | 201.30M | 200.90M | 200.80M | 200.30M |
| EPS (Basic) | 2.68 | 2.33 | 2.20 | 2.08 | 3.33 | 3.68 |
| EPS (Diluted) | 2.66 | 2.32 | 2.19 | 2.07 | 3.32 | 3.68 |
| Free Cash Flow | 209.20M | 82.70M | -278.10M | 54.10M | -98.50M | -1.01B |
| Free Cash Flow Per Share | 1.01 | 0.41 | -1.38 | 0.27 | -0.49 | -5.03 |
| Dividend Per Share | 1.70 | 1.69 | 1.68 | 1.66 | 1.64 | 1.62 |
| Profit Margin | 16.36% | 14.44% | 14.79% | 15.58% | 19.72% | 20.18% |
| Free Cash Flow Margin | 6.20% | 2.54% | -9.32% | 2.02% | -2.92% | -27.60% |
| EBITDA | 1.38B | 1.30B | 1.25B | 1.13B | 1.07B | 936.00M |
| EBITDA Margin | 40.77% | 39.99% | 41.87% | 42.22% | 31.82% | 25.62% |
| D&A For EBITDA | 514.40M | 515.40M | 506.80M | 473.20M | 437.40M | 397.90M |
| EBIT | 860.80M | 788.40M | 743.10M | 655.80M | 636.60M | 538.10M |
| EBIT Margin | 25.52% | 24.18% | 24.89% | 24.52% | 18.86% | 14.73% |
| Effective Tax Rate | 15.70% | 16.02% | 15.19% | 11.88% | 15.66% | 16.07% |
| Revenue as Reported | 3.37B | 3.26B | 2.99B | 2.67B | 3.38B | 3.65B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 200.00K | 200.00K | 600.00K | 200.00K | 88.10M | |
| Accounts Receivable | 571.20M | 424.00M | 315.20M | 281.50M | 324.30M | 227.30M |
| Other Receivables | 100.00K | 37.30M | 18.20M | 20.70M | 2.60M | |
| Inventory | 345.80M | 324.70M | 377.70M | 412.80M | 289.30M | 158.50M |
| Other Current Assets | 64.90M | 71.70M | 201.60M | 58.80M | 618.40M | 225.20M |
| Total Current Assets | 982.20M | 857.90M | 895.10M | 771.50M | 1.34B | 613.60M |
| Property, Plant & Equipment | 13.20B | 12.73B | 11.54B | 10.95B | 10.36B | 9.70B |
| Regulatory Assets | 572.20M | 557.20M | 568.10M | 577.60M | 524.30M | 1.23B |
| Other Intangible Assets | 1.80M | 548.60M | 348.70M | 190.40M | 129.40M | |
| Long-Term Investments | 112.50M | 129.40M | 124.20M | 114.00M | 105.80M | 905.10M |
| Other Long-Term Assets | 71.80M | 95.60M | 42.00M | 26.60M | 27.00M | 24.00M |
| Total Assets | 14.94B | 14.37B | 13.72B | 12.79B | 12.54B | 12.61B |
| Accounts Payable | 293.60M | 350.60M | 305.70M | 276.40M | 448.90M | 274.00M |
| Accrued Expenses | 148.10M | 123.10M | 116.80M | 104.20M | 78.10M | 78.50M |
| Short-Term Debt | 135.10M | 292.00M | 469.30M | 499.20M | 486.90M | |
| Current Portion of Long-Term Debt | 180.90M | 32.40M | 999.90M | |||
| Current Portion of Leases | 4.30M | |||||
| Current Income Taxes Payable | 78.90M | 53.00M | 58.80M | 47.60M | 54.00M | 52.90M |
| Other Current Liabilities | 378.20M | 271.10M | 246.80M | 251.80M | 221.30M | 197.30M |
| Total Current Liabilities | 1.21B | 1.09B | 1.23B | 1.18B | 1.80B | 1.09B |
| Long-Term Debt | 5.53B | 5.37B | 5.02B | 4.34B | 3.55B | 4.50B |
| Long-Term Leases | 24.90M | 32.70M | 30.50M | 34.80M | 37.60M | |
| Pension & Post-Retirement Benefits | 141.50M | 164.40M | 170.90M | 172.70M | 176.90M | 159.80M |
| Long-Term Deferred Tax Liabilities | 1.59B | 1.50B | 1.38B | 1.31B | 1.25B | 1.35B |
| Other Long-Term Liabilities | 1.24B | 1.24B | 1.24B | 1.24B | 1.32B | 1.42B |
| Total Liabilities | 9.72B | 9.39B | 9.08B | 8.28B | 8.13B | 8.55B |
| Common Stock | 2.10M | 2.10M | 2.00M | 2.00M | 2.00M | 2.00M |
| Additional Paid-In Capital | 1.40B | 1.38B | 1.17B | 1.14B | 1.13B | 1.12B |
| Retained Earnings | 3.82B | 3.60B | 3.48B | 3.37B | 3.29B | 2.96B |
| Treasury Stock | -100.00K | -100.00K | ||||
| Comprehensive Income & Other | -2.50M | -2.60M | -2.70M | -7.20M | -11.90M | -24.80M |
| Shareholders' Equity | 5.22B | 4.98B | 4.64B | 4.51B | 4.41B | 4.06B |
| Total Liabilities & Equity | 14.94B | 14.37B | 13.72B | 12.79B | 12.54B | 12.61B |
| Total Debt | 5.85B | 5.69B | 5.56B | 4.87B | 4.58B | 5.02B |
| Net Cash (Debt) | -5.85B | -5.69B | -5.55B | -4.87B | -4.50B | -5.02B |
| Net Cash Per Share | -28.29 | -28.10 | -27.59 | -24.24 | -22.39 | -25.07 |
| Filing Date Shares Outstanding | 206.73M | 206.26M | 201.15M | 200.33M | 200.23M | 200.20M |
| Total Common Shares Outstanding | 206.73M | 206.10M | 201.00M | 200.30M | 200.20M | 200.10M |
| Working Capital | -232.60M | -236.20M | -334.70M | -407.70M | -461.40M | -476.00M |
| Book Value Per Share | 25.25 | 24.15 | 23.09 | 22.52 | 22.04 | 20.27 |
| Tangible Book Value | 5.22B | 4.98B | 4.09B | 4.16B | 4.22B | 3.93B |
| Tangible Book Value Per Share | 25.25 | 24.14 | 20.36 | 20.78 | 21.09 | 19.62 |
| Machinery | 16.47B | 15.61B | 14.89B | 14.15B | 13.30B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 551.90M | 470.70M | 441.50M | 416.80M | 665.70M | 737.30M |
| Depreciation & Amortization | 514.40M | 515.40M | 506.80M | 473.20M | 437.40M | 397.90M |
| Other Amortization | 44.40M | 44.40M | 32.70M | 33.40M | 23.50M | 18.10M |
| Loss (Gain) on Sale of Investments | -282.10M | 8.60M | ||||
| Loss (Gain) on Equity Investments | -96.40M | |||||
| Stock-Based Compensation | 15.70M | 14.00M | 11.70M | 13.10M | 9.70M | 9.80M |
| Change in Accounts Receivable | -38.70M | -108.80M | -33.60M | 42.80M | -97.00M | -1.90M |
| Change in Inventory | 11.90M | 81.90M | 25.70M | -122.80M | -130.10M | -3.40M |
| Change in Accounts Payable | 10.70M | 34.90M | -14.70M | -136.30M | 155.40M | 7.50M |
| Change in Income Taxes | -37.30M | 18.20M | 2.50M | -18.10M | 5.50M | |
| Change in Other Net Operating Assets | 171.10M | 156.60M | -124.20M | 616.70M | -356.50M | -198.50M |
| Other Operating Activities | -2.50M | -34.70M | -51.30M | -107.10M | 544.50M | -1.11B |
| Operating Cash Flow | 1.28B | 1.14B | 812.80M | 1.23B | 952.40M | -229.90M |
| Capital Expenditures | -1.07B | -1.05B | -1.09B | -1.18B | -1.05B | -778.50M |
| Investment in Securities | 1.07B | |||||
| Other Investing Activities | -77.40M | -72.20M | -70.30M | -93.90M | -112.70M | -54.00M |
| Investing Cash Flow | -1.15B | -1.13B | -1.16B | -1.27B | -96.40M | -832.50M |
| Short-Term Debt Issued | 499.20M | 391.90M | ||||
| Long-Term Debt Issued | 344.40M | 706.30M | 788.30M | 49.30M | 997.80M | |
| Total Debt Issued | 341.10M | 344.40M | 706.30M | 1.29B | 49.30M | 1.39B |
| Short-Term Debt Repaid | -177.30M | -29.90M | -486.90M | |||
| Long-Term Debt Repaid | -32.60M | -100.00K | -1.00B | -100.00K | -100.00K | |
| Total Debt Repaid | -331.40M | -209.90M | -30.00M | -1.00B | -487.00M | -100.00K |
| Net Debt Issued (Repaid) | 9.70M | 134.50M | 676.30M | 287.40M | -437.70M | 1.39B |
| Issuance of Common Stock | 214.20M | 203.80M | 17.10M | |||
| Common Dividends Paid | -350.20M | -341.90M | -338.50M | -333.20M | -329.30M | -324.90M |
| Other Financing Activities | -5.60M | -7.30M | -6.10M | -2.30M | -900.00K | -3.40M |
| Financing Cash Flow | -131.90M | -10.90M | 348.80M | -48.10M | -767.90M | 1.06B |
| Net Cash Flow | -100.00K | -400.00K | 400.00K | -87.90M | 88.10M | -1.10M |
| Free Cash Flow | 209.20M | 82.70M | -278.10M | 54.10M | -98.50M | -1.01B |
| Free Cash Flow Margin | 6.20% | 2.54% | -9.32% | 2.02% | -2.92% | -27.60% |
| Free Cash Flow Per Share | 1.01 | 0.41 | -1.38 | 0.27 | -0.49 | -5.03 |
| Levered Free Cash Flow | 4.51M | -60.16M | -318.55M | -32.34M | -728.36M | -303.41M |
| Unlevered Free Cash Flow | 176.20M | 118.65M | -150.36M | 110.47M | -621.92M | -202.29M |
| Cash Interest Paid | 268.70M | 268.70M | 251.10M | 202.40M | 164.00M | 156.40M |
| Cash Income Tax Paid | 75.10M | 75.10M | 36.90M | 41.50M | 276.00M | 8.70M |
| Change in Working Capital | 155.00M | 127.30M | -128.60M | 402.90M | -446.30M | -190.80M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.23B | 8.83B | 8.29B | 7.00B | 7.92B | 7.68B |
| Enterprise Value | 16.08B | 14.66B | 13.55B | 11.74B | 12.01B | 12.56B |
| PE Ratio | 18.61 | 18.75 | 18.77 | 16.79 | 11.89 | 10.42 |
| PS Ratio | 3.03 | 2.71 | 2.78 | 2.62 | 2.35 | 2.10 |
| PB Ratio | 1.96 | 1.77 | 1.79 | 1.55 | 1.79 | 1.89 |
| P/FCF Ratio | 48.88 | 106.74 | 129.32 | |||
| P/OCF Ratio | 8.00 | 7.76 | 10.20 | 5.68 | 8.31 | |
| EV/Sales Ratio | 4.77 | 4.50 | 4.54 | 4.39 | 3.56 | 3.44 |
| EV/EBITDA Ratio | 11.69 | 11.25 | 10.84 | 10.40 | 11.18 | 13.42 |
| EV/EBIT Ratio | 18.68 | 18.60 | 18.23 | 17.91 | 18.87 | 23.34 |
| EV/FCF Ratio | 76.85 | 177.29 | 217.09 | |||
| Debt / Equity Ratio | 1.12 | 1.14 | 1.20 | 1.08 | 1.04 | 1.24 |
| Debt / EBITDA Ratio | 4.24 | 4.35 | 4.43 | 4.29 | 4.24 | 5.33 |
| Debt / FCF Ratio | 27.96 | 68.81 | 90.02 | |||
| Net Debt / Equity Ratio | 1.12 | 1.14 | 1.20 | 1.08 | 1.02 | 1.24 |
| Net Debt / EBITDA Ratio | 4.25 | 4.36 | 4.44 | 4.31 | 4.19 | 5.36 |
| Net Debt / FCF Ratio | 27.96 | 68.81 | -19.97 | 90.02 | -45.64 | -4.98 |
| Quick Ratio | 0.47 | 0.42 | 0.26 | 0.25 | 0.24 | 0.21 |
| Current Ratio | 0.81 | 0.78 | 0.73 | 0.65 | 0.74 | 0.56 |
| Asset Turnover | 0.23 | 0.23 | 0.23 | 0.21 | 0.27 | 0.31 |
| Return on Equity (ROE) | 11.02% | 9.79% | 9.65% | 9.34% | 15.72% | 19.18% |
| Return on Assets (ROA) | 3.69% | 3.51% | 3.50% | 3.24% | 3.16% | 2.88% |
| Return on Capital Employed (ROCE) | 6.30% | 5.90% | 6.00% | 5.60% | 5.90% | 4.70% |
| Earnings Yield | 5.37% | 5.33% | 5.33% | 5.96% | 8.41% | 9.60% |
| FCF Yield | 2.05% | 0.94% | -3.36% | 0.77% | -1.24% | -13.13% |
| Dividend Yield | 3.47% | 3.94% | 4.06% | 4.75% | 4.16% | 4.21% |
| Payout Ratio | 64.51% | 72.64% | 76.67% | 79.94% | 49.47% | 44.07% |
| Buyback Yield / Dilution | -2.42% | -0.60% | -0.20% | -0.05% | -0.25% | -0.10% |
| Total Shareholder Return | 1.05% | 3.35% | 3.86% | 4.70% | 3.91% | 4.11% |