OGE

MKT CAP:$10B

OGE Energy Corp.

Market Cap

$10B

Utilities·Regulated Electric·🇺🇸 United States·NYSE

Utilities·Regulated Electric·🇺🇸·NYSE

Stock Price

$47.10+$4.22 (+9.84%)

Apr 24, 2026

Company Details

OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity, natural gas, crude oil, and natural gas liquids in the United States. T...

CEO

Robert Sean Trauschke

IPO Date

Sep 27, 1950

Website

www.ogeenergy.com

Key Metrics TTM

Revenue

$3.3B

+9.2% YoY

Net Income

$471M

EPS (Diluted)

$2.32

Free Cash Flow

$835M

Revenue / Share

$16.10

Gross Margin

49.6%

Operating Margin

24.5%

Net Margin

14.4%

FCF Margin

25.6%

P/S

3.0x

P/E

20.7x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 17, 2026

$3.3B+9.2%EPS $2.32

Q4 2025

Feb 17, 2026

$726M-4.6%EPS $0.34

Q3 2025

Oct 28, 2025

$1.0B+8.2%EPS $1.14

Q2 2025

Jul 29, 2025

$742M+11.9%EPS $0.53

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$589M	$219M	$83M
Q2 22	$804M	$292M	$157M
Q3 22	$1.3B	$466M	$318M
Q4 22	$712M	$235M	$92M
Q1 23	$557M	$226M	$77M
Q2 23	$605M	$295M	$146M
Q3 23	$945M	$488M	$331M
Q4 23	$567M	$250M	$96M
Q1 24	$597M	$232M	$74M
Q2 24	$663M	$338M	$176M
Q3 24	$965M	$484M	$313M
Q4 24	$761M	$340M	$182M
Q1 25	$748M	$302M	$133M
Q2 25	$742M	$353M	$187M
Q3 25	$1.0B	$657M	$341M
Q4 25	$726M	$304M	$138M

Valuation

Quarter	P/S	P/E
Q1 22	3.7x	10.1x
Q2 22	3.4x	10.5x
Q3 22	3.0x	10.4x
Q4 22	2.9x	14.6x
Q1 23	2.9x	22.9x
Q2 23	3.1x	22.1x
Q3 23	3.5x	23.2x
Q4 23	3.6x	23.4x
Q1 24	3.6x	24.5x
Q2 24	3.5x	23.7x
Q3 24	3.5x	25.1x
Q4 24	3.3x	22.1x
Q1 25	3.1x	20.1x
Q2 25	3.0x	19.8x
Q3 25	3.0x	19.3x
Q4 25	3.0x	20.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$59M	-$161M
Q2 22	-$51M	-$282M
Q3 22	$760M	$520M
Q4 22	$75M	-$285M
Q1 23	$172M	-$114M
Q2 23	$334M	$39M
Q3 23	$415M	$116M
Q4 23	$383M	$85M
Q1 24	$83M	-$144M
Q2 24	$253M	-$70M
Q3 24	$347M	$103M
Q4 24	$130M	-$167M
Q1 25	$16M	-$234M
Q2 25	$339M	$65M
Q3 25	$398M	$921M
Q4 25	$385M	$83M

Capital Expenditures

Quarter	CapEx
Q1 22	$220M
Q2 22	$231M
Q3 22	$240M
Q4 22	$360M
Q1 23	$286M
Q2 23	$295M
Q3 23	$299M
Q4 23	$299M
Q1 24	$227M
Q2 24	$323M
Q3 24	$244M
Q4 24	$297M
Q1 25	$250M
Q2 25	$274M
Q3 25	$523M
Q4 25	$302M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-63.9%	-68.0%
Q2 22	+39.2%	+44.5%
Q3 22	+47.0%	+64.4%
Q4 22	+22.5%	+24.0%
Q1 23	-5.4%	-5.0%
Q2 23	-24.7%	-29.1%
Q3 23	-25.6%	-35.5%
Q4 23	-20.4%	-24.1%
Q1 24	+7.1%	+8.8%
Q2 24	+9.5%	+6.1%
Q3 24	+2.1%	+6.2%
Q4 24	+34.2%	+23.0%
Q1 25	+25.3%	+17.5%
Q2 25	+11.9%	+14.0%
Q3 25	+8.2%	+7.9%
Q4 25	-4.6%	+1.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	0.4%
Q2 22	$2M	0.3%
Q3 22	$2M	0.2%
Q4 22	$3M	0.4%
Q1 23	$3M	0.5%
Q2 23	$3M	0.5%
Q3 23	$3M	0.3%
Q4 23	$4M	0.6%
Q1 24	$3M	0.5%
Q2 24	$3M	0.5%
Q3 24	$2M	0.2%
Q4 24	$3M	0.4%
Q1 25	$3M	0.4%
Q2 25	$4M	0.5%
Q3 25	$4M	0.3%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q4 25	$139M

Revenue Segments

Quarter	Electric Utility
Q1 22	$589M
Q2 22	$804M
Q3 22	$1.3B
Q4 22	$712M
Q2 23	$605M
Q1 24	$597M
Q2 24	$663M
Q3 24	$965M
Q1 25	$748M
Q2 25	$742M
Q3 25	$1.0B
Q4 25	$726M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$0	$0	$0
Q2 22	$5M	$0	$5M
Q3 22	$456M	$0	$456M
Q4 22	$88M	$0	$88M
Q1 23	$307M	$0	$307M
Q2 23	$300.0K	$0	$300.0K
Q3 23	$3M	$0	$3M
Q4 23	$200.0K	$0	$200.0K
Q1 24	$4M	$0	$4M
Q2 24	$100.0K	$0	$100.0K
Q3 24	$10M	$0	$10M
Q4 24	$600.0K	$0	$600.0K
Q1 25	$27M	$0	$27M
Q2 25	$500.0K	$0	$500.0K
Q3 25	$300.0K	$0	$300.0K
Q4 25	$200.0K	$0	$200.0K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	201M	+0.0%	+0.2%
Q2 22	201M	+0.0%	+0.1%
Q3 22	201M	+0.1%	+0.2%
Q4 22	201M	-0.0%	+0.1%
Q1 23	201M	0.0%	+0.1%
Q2 23	201M	0.0%	+0.0%
Q3 23	201M	+0.1%	+0.0%
Q4 23	200M	-0.3%	-0.2%
Q1 24	201M	+0.1%	-0.1%
Q2 24	201M	+0.4%	+0.3%
Q3 24	202M	+0.0%	+0.2%
Q4 24	201M	-0.0%	+0.5%
Q1 25	202M	+0.2%	+0.6%
Q2 25	202M	+0.1%	+0.3%
Q3 25	202M	0.0%	+0.3%
Q4 25	203M	+0.2%	+0.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$269.7K	2K
Q2 22	$367.8K	2K
Q3 22	$581.6K	2K
Q4 22	$318.2K	2K
Q1 23	$249.1K	2K
Q2 23	$270.5K	2K
Q3 23	$422.6K	2K
Q4 23	$243.3K	2K
Q1 24	$256.2K	2K
Q2 24	$284.5K	2K
Q3 24	$414.5K	2K
Q4 24	$332.0K	2K
Q1 25	$326.4K	2K
Q2 25	$323.7K	2K
Q3 25	$456.1K	2K
Q4 25	$322.9K	2K

Revenue / Employee