Pricing Log in Create free account
Friday 6 November 2026 Export OGE’s income statement to Excel — free account

OGE Energy Corporation

OGE Utilities Utilities Regulated Electric

OGE Energy Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.3 billion, up 9.21% from fiscal 2024.

Revenue
+13.2%
EPS
+33.0%
Free cash flow
−38.6%
Total debt
+0.27%

Quarter to September 2026, against a year earlier

50.79 0.16 +0.32%
Market cap
$10.5B
P/E
19.0×
Fwd P/E
19.8×
Dividend yield
3.35%
F-score
6/9
Altman Z
1.29
Beneish M
−2.14
Dividend safety
30/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Insider Decisions last twelve months

Bought, $m 0.50
Sold, $m 0.95
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — — — — — — — —
Sell — — 1 — — 1 — — 1 — — —
Insider Ownership 0.39%

Capital & Financial Ratios $m

Size
Market Cap 10,510.00
Revenue ttm 3,373.10
Net income ttm 551.90
Free cash flow ttm 209.20
Net debt Q 5,849.90
Valuation
P/E 19.02
Forward P/E 19.80
Price / sales 3.11
Forward P/S Powerpack
Price / FCF 50.18
Price / book 2.01
Financial health
Current ratio Q 0.81 (below 1: weak)
Debt / equity Q 1.12
Interest coverage Q 6.44
Growth
Revenue growth Q +13.19% (above 0%: growing)
Operating income growth Q +25.55% (above 0%: growing)
EPS, this year +9.29%
EPS, next year A +3.20%
Revenue, next year A +0.64%
EPS, past 5 yrs —
EPS, next 5 yrs A +7.17%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.8×, against a ten-year median of 4.5×; over the ten years it ranged from 3.2× in 2021 to 5.6× in 2020.
P/E against its own 10 years 62.38%
10-year low 10-year high
P/S against its own 10 years 79.24%
10-year low 10-year high
P/B against its own 10 years 83.39%
10-year low 10-year high
EV/Sales against its own 10 years 82.73%
10-year low 10-year high
EV/FCF against its own 10 years 53.09%
10-year low 10-year high

Dividends raised every year since 2018

Yield
3.35%
Annual rate
1.70
Payout ratio
64.3%
Growth, 2018–26
+2.83%/yr
  1. 1.36 ’18
  2. 1.48 ’19 +9
  3. 1.57 ’20 +6
  4. 1.62 ’21 +3
  5. 1.64 ’22 +2
  6. 1.66 ’23 +1
  7. 1.68 ’24 +1
  8. 1.69 ’25 +1
  9. 1.70 ’26 +1
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 0 1 0 0
Receivables 227 241 385 462
Inventory 413 378 325 346
Other 132 276 148 175
772 895 858 982
2023 2024 2025 Q'26
Payables 276 306 351 294
ST’ Debt 499 502 292 316
Other 168 162 188 290
1,179 1,230 1,094 1,215

Compound Annual Growth %

10y 5y 3y
Sales 4.03% 8.96% (1.15%)
Cash Flow 2.75% 9.79% 6.09%
Earnings 5.66% 0.00% (10.91%)
Book Value 4.11% 6.51% 4.09%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.38 Actual 1.52

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.30 0.33 Beat by 0.03
Q1 FY26 0.24 0.24 Met by 0.00
Q2 FY26 0.57 0.56 Miss by 0.01
Q3 FY26 1.38 1.52 Beat by 0.14
Q4 FY26 0.37 — Reports 17 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.24 0.56 1.52 — —
’25 0.31 0.53 1.14 0.33 2.32
’24 0.09 0.51 1.09 0.51 2.19
’23 0.19 0.44 1.20 0.24 2.07
’22 1.39 0.36 1.31 0.25 3.32
’21 0.26 0.56 1.26 1.59 3.68
’20 (2.46) 0.43 0.89 0.27 (0.87)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 753 712 1,183 — —
’25 748 742 1,045 726 3,260
’24 597 663 965 761 2,985
’23 557 605 945 567 2,674
’22 589 804 1,271 712 3,376
’21 1,631 577 864 581 3,654
’20 431 504 702 485 2,122
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 176 336 383 — —
’25 16 339 398 385 1,137
’24 83 253 347 130 813
’23 172 334 415 311 1,232
’22 59 (51) 760 185 952
’21 (940) 172 238 300 (230)
’20 104 159 262 188 713
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (91) 114 103 — —
’25 (234) 65 168 83 83
’24 (144) (70) 103 (167) (278)
’23 (114) 39 116 12 54
’22 (161) (281) 520 (175) (98)
’21 (1,099) (23) 51 62 (1,008)
’20 (23) 6 123 (43) 62
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 24.9% a year for ten years.

Implied
24.9%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,259 2,261 2,270 2,232 2,122 3,654 3,376 2,674 2,985 3,260 3,373 +4.2% 3,281 3,540 3,727 +4.6%
Gross margin, % 61.04 60.30 60.69 64.74 69.63 41.77 50.75 65.91 63.94 61.35 62.00 +0.3 pt
EBT 486 570 498 463 (301) 879 789 473 521 561 655 +1.6%
EBT margin, % 21.53 25.20 21.92 20.77 (14.19) 24.04 23.38 17.69 17.44 17.19 19.41 (4.3) pt
Net income 338 619 426 434 (174) 737 666 417 442 471 552 +3.7%
Per share, $
Per share, $ Revenue 11.31 11.32 11.37 11.15 10.61 18.26 16.86 13.35 14.87 16.15 16.32 +4.0%
Earnings 1.69 3.10 2.13 2.17 (0.87) 3.68 3.33 2.08 2.20 2.33 2.67 +3.6%
Cash flow 3.23 3.93 4.76 3.41 3.56 (1.15) 4.76 6.15 4.05 5.63 6.19 +6.4%
Capex (3.30) (4.12) (2.87) (3.18) (3.25) (3.89) (5.25) (5.88) (5.43) (5.22) (5.18) +5.2%
Free cash flow (0.07) (0.19) 1.89 0.23 0.31 (5.04) (0.49) 0.27 (1.38) 0.41 1.01 n/m
Book value 17.24 19.28 20.06 20.69 18.15 20.27 22.05 22.52 23.11 24.65 25.25 +4.1%
Shares, m 200 200 200 200 200 200 200 200 201 202 205 +0.1%
Valuation, ×
Valuation, × P/E 19.83 10.54 18.40 20.49 0.00 10.46 11.86 17.02 18.75 18.33 19.02 14.6
P/S 2.96 2.89 3.45 3.99 3.00 2.10 2.34 2.65 2.77 2.64 3.11 2.9
P/B 1.94 1.69 1.95 2.15 1.76 1.89 1.79 1.57 1.78 1.73 2.01 1.8
EV/Sales 4.23 4.28 4.79 5.46 4.69 3.47 3.66 4.46 4.62 4.38 4.85 4.4
EV/FCF (659.20) (248.78) 28.81 265.05 159.93 (12.56) (125.59) 220.56 (49.64) 172.70 78.15 (24.9)
Cash, $m
Cash, $m Operating cash flow 645 785 951 682 713 (230) 952 1,232 813 1,137 1,279 +6.5%
Capex (659) (823) (573) (635) (650) (778) (1,051) (1,178) (1,091) (1,054) (1,070) +5.4%
Free cash flow (14) (39) 378 46 62 (1,008) (98) 54 (278) 83 209 n/m
Balance, $m
Balance, $m Working capital (478) (453) (312) (228) (269) (476) (461) (408) (335) (236) (233) (7.5%)
Net debt 2,866 3,153 3,053 3,307 3,588 4,983 4,461 4,840 5,522 5,661 5,850 +7.9%
Shareholders’ equity 3,444 3,851 4,005 4,140 3,632 4,056 4,413 4,512 4,641 4,977 5,220 +4.2%
Returns, %
Returns, % ROA 3.47 6.08 4.02 3.98 (1.60) 6.32 5.29 3.29 3.33 3.35 3.78 (0.1) pt
ROIC 5.26 4.75 4.34 4.23 4.52 3.76 4.57 4.35 4.58 4.70 4.92 (0.6) pt
ROE 9.99 16.97 10.83 10.65 (4.47) 19.18 15.72 9.34 9.65 9.79 11.02 (0.2) pt
People
People Employees 2,453 2,413 2,292 2,425 2,360 2,185 2,237 2,329 2,291 2,248 — (1.0%)
Revenue/emp, $m 0.92 0.94 0.99 0.92 0.90 1.67 1.51 1.15 1.30 1.45 — +5.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

OGE Energy is a holding company whose wholly owned utility, OG&E, generates, transmits, distributes and sells electricity in Oklahoma and western Arkansas. OG&E serves homes, businesses, industrial users, oilfield customers and public authorities. Its business includes both producing power and operating the wires that deliver it to customers.

OG&E provides retail service across a territory that includes Oklahoma City and Fort Smith, Arkansas, as well as surrounding communities. It does not currently serve wholesale customers in either state. The utility also participates in a regional electricity market, where it offers power from its resources and bids to purchase power for its customers.

OGE Energy Corporation vs peers in Utilities Regulated Electric (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
EVRG Evergy Inc. $20.2B 18.9× 20.1× +15.84% (above 0%: growing) +28.64% (above 0%: growing) −62.16% (below 0%: shrinking) 0.00% 38.56% Compare
LNT Alliant Energy Corporation $19.1B 20.3× 20.8× +6.20% (above 0%: growing) +40.37% (above 0%: growing) −103.43% (below 0%: shrinking) 81.71% 30.27% Compare
KEP Korea Electric Power Corporation $14.3B 2.6× 4.1× −0.14% (below 0%: shrinking) −77.78% (below 0%: shrinking) −689.05% (below 0%: shrinking) 8.72% 5.15% Compare
PNW Pinnacle West Capital Corporation $12.6B 19.0× 22.0× +8.35% (above 0%: growing) +4.27% (above 0%: growing) −24.89% (below 0%: shrinking) 61.58% 31.47% Compare
OGE OGE Energy Corporation $10.5B 19.0× 19.8× +13.19% (above 0%: growing) +33.03% (above 0%: growing) −38.62% (below 0%: shrinking) 62.70% 36.23%
IDA IDACORP, Inc. $8.7B 22.1× 22.7× +15.95% (above 0%: growing) +20.87% (above 0%: growing) −18.34% (below 0%: shrinking) 66.73% 29.39% Compare
TXNM TXNM Energy, Inc. $6.4B 27.3× 19.2× +13.31% (above 0%: growing) +27.05% (above 0%: growing) −2,148.16% (below 0%: shrinking) 69.76% 36.97% Compare
POR Portland General Electric Company $5.5B 19.5× 14.9× +2.00% (above 0%: growing) +7.45% (above 0%: growing) −227.00% (below 0%: shrinking) 60.56% 19.26% Compare
NWE NorthWestern Corporation $5.1B 30.8× 23.6× +9.51% (above 0%: growing) −19.35% (below 0%: shrinking) −5.54% (below 0%: shrinking) 0.00% 17.61% Compare
Median of peers $10.6B 19.9× 20.5× +8.93% +14.16% −82.79% 61.07% 29.83%

All 39 Utilities Regulated Electric stocks →

From the latest earnings call

Updated

  • CEO Sean Trauschke said summer heat drove higher electricity consumption, while CFO Chuck Walworth reported approximately 1% growth in both customers and weather-normalized load.
  • Walworth said OGE raised its 2026 earnings guidance and added investment to its capital plan, while establishing an equity program to help fund growth.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 79.37%
Held by the ten largest 43.22%
Holder Shares Stake Change
BlackRock 26.25m 12.71% +1.07m
Vanguard 21.71m 10.51% +101.48k
Franklin Templeton 9.07m 4.39% +580.94k
State Street 7.23m 3.50% +198.59k
Boston Partners 5.69m 2.75% +172.32k
AQR Capital Management 5.03m 2.43% +2.37m
T. Rowe Price 4.36m 2.11% −477.28k
Geode Capital Management 3.93m 1.90% +27.30k
Norges Bank 3.28m 1.59% +3.28m
Dimensional Fund Advisors 2.75m 1.33% +62.26k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 1 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 12.03m 8.07m 167.57
2024 10.13m 15.33m 155.68
2023 8.44m 6.78m 125.85
2022 7.30m 10.94m 136.16
2021 8.03m 9.08m 126.52
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

OGE Energy Corporation (OGE) Latest News

29 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

28 Oct

Impact 4 · · Moby transcript
Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 4 · · Zacks earnings
Impact 4 · · PR Newswire
Impact 3 · · Associated Press
Impact 3 · · Zacks

22 Oct

Impact 3 · · Zacks

21 Oct

Impact 3 · · Zacks

23 Sep

Impact 3 · · PR Newswire

16 Sep

Impact 3 ·

30 Jul

Impact 3 · · MarketBeat

29 Jul

Impact 4 ·
Impact 3 ·
Impact 3 ·

10 Jun

Impact 4 · · Zacks

6 Jun

Impact 3 · · Simply Wall St.

7 May

Impact 4 · · Simply Wall St.

6 May

Impact 4 · · Barchart

2 May

Impact 3 · · MarketBeat

1 May

Impact 4 · · Zacks

30 Apr

Impact 4 · · PR Newswire
Impact 4 ·

29 Apr

Impact 4 · · The Motley Fool transcript
Impact 3 · · Moby
Impact 3 · · PR Newswire

OGE metrics, ten years each

stockrow.com/OGE · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com