OGE ENERGY CORP.

Listed Company

OGECIK 0001021635NYSELarge AcceleratedElectric ServicesOklahomaFY ends Dec 31

Period

FY 2025

Revenue

$3.26B

Net Income

$470.70M

Total Assets

$14.37B

Equity

$4.98B

Shares Out

206.37M

Op. Cash Flow

$1.14B

Business

OGE ENERGY CORP. is a holding company that provides electric service primarily through its wholly owned subsidiary, Oklahoma Gas and Electric Company (OG&E). It generates, transmits, distributes and sells electric energy and offers related customer programs and services such as time-of-use rates, renewable energy options, load curtailment programs and billing plans. The company reports operations through an electric company business segment (OG&E) which is subject to state and federal utility regulation. OG&E serves retail customers in Oklahoma and western Arkansas and participates in the SPP Integrated Marketplace for power dispatch and purchases.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues from contracts with customers	3,191	2,917	2,607	3,304	3,589
Other revenues	69	69	67	72	65
Operating revenues	3,260	2,985	2,674	3,376	3,654
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE	1,260	1,076	912	1,662	2,128
Other operation and maintenance	532	514	503	501	463
Depreciation and amortization	560	540	507	461	416
Taxes other than income	109	110	103	102	103
Operating expenses	1,201	1,164	1,112	1,064	982
OPERATING INCOME	799	745	650	650	544
Allowance for equity funds used during construction	26	26	19	7	7
Other net periodic benefit (expense) income	−11	−2	6	−13	−6
Other income	39	31	48	75	26
Other expense	−23	−24	−29	−45	−40
Net other income	31	30	44	306	493
Interest on long-term debt	261	228	205	162	155
Allowance for borrowed funds used during construction	−16	−15	−7	−4	−4
Interest on short-term debt and other interest charges	25	41	24	8	7
Interest expense	270	255	221	166	158
INCOME BEFORE TAXES	561	521	473	789	879
INCOME TAX EXPENSE	90	79	56	124	141
NET INCOME	471	442	417	666	737
BASIC AVERAGE COMMON SHARES OUTSTANDING	202	201	200	200	200
DILUTED AVERAGE COMMON SHARES OUTSTANDING	203	201	201	201	200
BASIC EARNINGS PER AVERAGE COMMON SHARE	2.33	2.2	2.08	3.33	3.68
DILUTED EARNINGS PER AVERAGE COMMON SHARE	2.32	2.19	2.07	3.32	3.68
Other comprehensive income, net of tax	100,000	5	5	13	7
Comprehensive income	471	446	422	679	745

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	200,000	600,000	200,000	88	0
Accounts receivable	348	241	209	250	162
Accrued unbilled revenues	76	75	73	74	65
Income taxes receivable	37	0	18	21	3
Fuel inventories	112	148	159	109	41
Materials and supplies, at average cost	213	229	254	181	118
Fuel clause under recoveries	0	113	0	515	152
Other	72	89	59	104	73
Total current assets	858	895	772	1,341	614
Other	129	124	114	106	120
Total other property and investments	129	124	114	106	905
In service	17,203	16,255	15,588	14,695	13,900
Construction work in progress	745	814	522	436	252
Total property, plant and equipment	17,948	17,069	16,110	15,131	14,152
Less: accumulated depreciation	5,218	4,982	4,809	4,585	4,319
Net property, plant and equipment	12,730	12,087	11,301	10,547	9,833
Regulatory assets	557	568	578	524	1,231
Other	96	42	27	27	24
Total deferred charges and other assets	653	610	604	551	1,255
TOTAL ASSETS	14,371	13,716	12,791	12,545	12,606
Short-term debt	292	469	499	0	487
Accounts payable	351	306	276	449	274
Dividends payable	88	85	84	83	82
Customer deposits	127	111	104	89	81
Accrued taxes	53	59	48	54	53
Accrued interest	69	64	57	41	41
Accrued compensation	54	53	47	37	38
Long-term debt due within one year	0	32	0	1,000	0
Fuel clause over recoveries	27	9	21	0	0
Other	34	42	44	50	34
Total current liabilities	1,094	1,230	1,179	1,802	1,090
LONG-TERM DEBT	5,369	5,021	4,341	3,549	4,496
Accrued benefit obligations	164	171	173	177	160
Deferred income taxes	1,489	1,371	1,301	1,234	1,333
Deferred investment tax credits	10	11	11	12	13
Regulatory liabilities	957	1,016	1,062	1,147	1,231
Other	309	255	213	211	227
Total deferred credits and other liabilities	2,930	2,824	2,759	2,780	2,964
Total liabilities	9,393	9,075	8,279	8,131	8,550
COMMITMENTS AND CONTINGENCIES (NOTE 13)	—	—	—	—	—
Common stockholder's equity	1,378	1,168	1,145	1,135	1,126
Retained earnings	3,602	3,476	3,374	3,291	2,955
Accumulated other comprehensive loss, net of tax	−3	−3	−7	−12	−25
Total stockholder's equity	4,977	4,641	4,512	4,413	4,056
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	14,371	13,716	12,791	12,545	12,606

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	560	540	507	461	416
Deferred income taxes and other tax credits, net	60	16	12	−154	126
Stock-based compensation expense	14	12	13	10	10
Regulatory assets	−67	−52	−92	702	−875
Regulatory liabilities	500,000	−3	−12	−9	12
Other assets	−33	−17	0	19	−10
Other liabilities	39	31	5	−7	−8
Other	−9	0	0	—	—
Accounts receivable and accrued unbilled revenues, net	−109	−34	43	−97	−2
Income taxes receivable	−37	18	3	−18	6
Fuel, materials and supplies inventories	82	26	−123	−130	−3
Fuel recoveries	131	−124	535	−363	−181
Other current assets	17	−30	45	−30	−23
Accounts payable	35	−15	−136	155	8
Other current liabilities	9	30	37	37	5
Net cash provided from operating activities	1,137	813	1,232	952	−230
Capital expenditures (less allowance for equity funds used during construction)	−1,054	−1,091	−1,178	−1,051	−779
Cost of removal and other	−72	−70	−94	−113	−89
Net cash used in investing activities	−1,127	−1,161	−1,272	−96	−833
Proceeds from long-term debt	344	706	788	49	998
Payment of long-term debt	−33	−100,000	−1,000	−100,000	−100,000
(Decrease) increase in short-term debt	−177	−30	499	−487	392
Dividends paid on common stock	−342	−339	−333	−329	−325
Proceeds (costs) from issuance of common stock	204	17	0	0	—
Cash paid for employee equity-based compensation	−7	−6	−2	−900,000	−3
Net cash (used in) provided from financing activities	−11	349	−48	−768	1,061
NET CHANGE IN CASH AND CASH EQUIVALENTS	−400,000	400,000	−88	88	−1
Interest (net of interest capitalized)	269	251	202	164	156
Federal income taxes (net of income tax refunds)	74	44	44	—	—
State income taxes (net of income tax refunds)	1	−7	−3	—	—
Power plant long-term service agreement	3	6	700,000	800,000	2
Tinker Air Force Base distribution assets purchase	0	3	0	0	—

Filings

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