Stocks · Utilities · Electric Services

OGE ENERGY CORP.

OGE Clue Score46
United States Fiscal year ends December CIK 0001021635
$46.50 +0.85% Close, 9 Oct 2026
Price $46.50 +41.94% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue0.00Operating income0.53Net income0.34EPS, diluted1.69Fiscal year 2017Revenue0.00Operating income0.53Net income0.62 +83.0%EPS, diluted3.10 +83.4%Fiscal year 2018Revenue2.21Operating income0.49Net income0.43 −31.3%EPS, diluted2.12 −31.6%Fiscal year 2019Revenue2.18 −1.6%Operating income0.50Net income0.43 +1.9%EPS, diluted2.16 +1.9%Fiscal year 2020Revenue2.07 −4.9%Operating income0.52Net income−0.17 −140.1%EPS, diluted−0.87 −140.3%Fiscal year 2021Revenue3.59 +73.4%Operating income0.54Net income0.74EPS, diluted3.68Fiscal year 2022Revenue3.30 −7.9%Operating income0.65Net income0.67 −9.7%EPS, diluted3.32 −9.8%Fiscal year 2023Revenue2.61 −21.1%Operating income0.65Net income0.42 −37.4%EPS, diluted2.07 −37.7%Fiscal year 2024Revenue2.92 +11.9%Operating income0.75Net income0.44 +5.9%EPS, diluted2.19 +5.8%Fiscal year 2025Revenue3.19 +9.4%Operating income0.80Net income0.47 +6.6%EPS, diluted2.32 +5.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.00 0.00 2.21 2.18 2.07 3.59 3.30 2.61 2.92 3.19
Growth −1.6% −4.9% +73.4% −7.9% −21.1% +11.9% +9.4%
Operating income 0.53 0.53 0.49 0.50 0.52 0.54 0.65 0.65 0.75 0.80
Net income 0.34 0.62 0.43 0.43 −0.17 0.74 0.67 0.42 0.44 0.47
Growth +83.0% −31.3% +1.9% −140.1% −9.7% −37.4% +5.9% +6.6%
EPS, diluted 1.69 3.10 2.12 2.16 −0.87 3.68 3.32 2.07 2.19 2.32
Growth +83.4% −31.6% +1.9% −140.3% −9.8% −37.7% +5.8% +5.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Fiscal year 2017Fiscal year 2018Operating margin22.1%Net margin19.2%Free cash flow margin17.1%Fiscal year 2019Operating margin23.2%Net margin19.9%Free cash flow margin2.1%Fiscal year 2020Operating margin25.2%Net margin−8.4%Free cash flow margin3.0%Fiscal year 2021Operating margin15.2%Net margin20.5%Free cash flow margin−28.1%Fiscal year 2022Operating margin19.7%Net margin20.1%Free cash flow margin−3.0%Fiscal year 2023Operating margin24.9%Net margin16.0%Free cash flow margin2.1%Fiscal year 2024Operating margin25.6%Net margin15.1%Free cash flow margin−9.5%Fiscal year 2025Operating margin25.1%Net margin14.8%Free cash flow margin2.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin n/a n/a 22.1% 23.2% 25.2% 15.2% 19.7% 24.9% 25.6% 25.1%
Net margin n/a n/a 19.2% 19.9% −8.4% 20.5% 20.1% 16.0% 15.1% 14.8%
Free cash flow margin n/a n/a 17.1% 2.1% 3.0% −28.1% −3.0% 2.1% −9.5% 2.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.64Capital expenditure−0.66Free cash flow−0.02Dividends paid−0.23Fiscal year 2017Operating cash flow0.78Capital expenditure−0.82Free cash flow−0.04Dividends paid−0.25Fiscal year 2018Operating cash flow0.95Capital expenditure−0.57Free cash flow0.38Dividends paid−0.27Fiscal year 2019Operating cash flow0.68Capital expenditure−0.64Free cash flow0.05 −87.8%Dividends paid−0.30Fiscal year 2020Operating cash flow0.71Capital expenditure−0.65Free cash flow0.06 +35.4%Dividends paid−0.31Fiscal year 2021Operating cash flow−0.23Capital expenditure−0.78Free cash flow−1.01 −1,718.6%Dividends paid−0.32Fiscal year 2022Operating cash flow0.95Capital expenditure−1.05Free cash flow−0.10Dividends paid−0.33Fiscal year 2023Operating cash flow1.23Capital expenditure−1.18Free cash flow0.05Dividends paid−0.33Fiscal year 2024Operating cash flow0.81Capital expenditure−1.09Free cash flow−0.28 −614.0%Dividends paid−0.34Fiscal year 2025Operating cash flow1.14Capital expenditure−1.05Free cash flow0.08Dividends paid−0.34
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.64 0.78 0.95 0.68 0.71 −0.23 0.95 1.23 0.81 1.14
Capital expenditure −0.66 −0.82 −0.57 −0.64 −0.65 −0.78 −1.05 −1.18 −1.09 −1.05
Free cash flow −0.02 −0.04 0.38 0.05 0.06 −1.01 −0.10 0.05 −0.28 0.08
Growth −87.8% +35.4% −1,718.6% −614.0%
Dividends paid −0.23 −0.25 −0.27 −0.30 −0.31 −0.32 −0.33 −0.33 −0.34 −0.34

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.00Total debt2.63Net cash (debt)−2.63Shareholders’ equity3.44Debt to equity0.76Fiscal year 2017Cash0.01Total debt3.00Net cash (debt)−2.99Shareholders’ equity3.85Debt to equity0.78Fiscal year 2018Cash0.09Total debt3.15Net cash (debt)−3.05Shareholders’ equity4.01Debt to equity0.79Fiscal year 2019Cash0.00Total debt3.20Net cash (debt)−3.20Shareholders’ equity4.14Debt to equity0.77Fiscal year 2020Cash0.00Total debt3.49Net cash (debt)−3.49Shareholders’ equity3.63Debt to equity0.96Fiscal year 2021Cash0.00Total debt4.50Net cash (debt)−4.50Shareholders’ equity4.06Debt to equity1.11Fiscal year 2022Cash0.09Total debt4.55Net cash (debt)−4.46Shareholders’ equity4.41Debt to equity1.03Fiscal year 2023Cash0.00Total debt4.34Net cash (debt)−4.34Shareholders’ equity4.51Debt to equity0.96Fiscal year 2024Cash0.00Total debt5.05Net cash (debt)−5.05Shareholders’ equity4.64Debt to equity1.09Fiscal year 2025Cash0.00Total debt5.37Net cash (debt)−5.37Shareholders’ equity4.98Debt to equity1.08
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.00 0.01 0.09 0.00 0.00 0.00 0.09 0.00 0.00 0.00
Total debt 2.63 3.00 3.15 3.20 3.49 4.50 4.55 4.34 5.05 5.37
Net cash (debt) −2.63 −2.99 −3.05 −3.20 −3.49 −4.50 −4.46 −4.34 −5.05 −5.37
Shareholders’ equity 3.44 3.85 4.01 4.14 3.63 4.06 4.41 4.51 4.64 4.98
Debt to equity 0.76 0.78 0.79 0.77 0.96 1.11 1.03 0.96 1.09 1.08

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.00 0.01 0.09 0.00 0.00 0.00 0.09 0.00 0.00 0.00
0.17 0.19 0.17 0.15 0.16 0.16 0.25 0.21 0.24 0.35
0.08 0.08 0.06 0.05 0.04 0.04 0.11 0.16 0.15 0.11
7.70 8.34 8.64 9.04 9.37 9.83 10.55 11.30 12.09 12.73
9.94 10.41 10.75 11.02 10.72 12.61 12.54 12.79 13.72 14.37
Growth +4.8% +3.2% +2.6% −2.8% +17.6% −0.5% +2.0% +7.2% +4.8%
Liabilities
0.22 0.25 0.25 0.00 0.00 0.00 1.00 0.00 0.03 0.00
2.41 2.75 2.90 3.20 3.49 4.50 3.55 4.34 5.02 5.37
calc 2.63 3.00 3.15 3.20 3.49 4.50 4.55 4.34 5.05 5.37
6.50 6.56 6.74 6.88 7.09 8.55 8.13 8.28 9.08 9.39
Equity
2.37 2.76 2.91 3.04 2.54 2.96 3.29 3.37 3.48 3.60
3.44 3.85 4.01 4.14 3.63 4.06 4.41 4.51 4.64 4.98
Growth +11.8% +4.0% +3.4% −12.3% +11.7% +8.8% +2.2% +2.9% +7.2%
Per share and net cash
calc −2.63 −2.99 −3.05 −3.20 −3.49 −4.50 −4.46 −4.34 −5.05 −5.37
199.7 199.7 199.7 200.2 200.0 200.2 200.2 200.3 201.0 206.1
calc 17.24 19.28 20.05 20.68 18.16 20.26 22.04 22.52 23.09 24.15

Lines marked calc are worked out here from filed figures; point at one for how.