OGE Energy Corp. (OGE) Financial Statements

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OGE Energy financial statements at a glance

OGE Energy reported revenue of $3.26 billion for fiscal year 2025 (ended December 31, 2025), up 9.2% from fiscal year 2024. Net income was $470.70 million, a net margin of 14.4%, and diluted earnings per share were $2.32.

At the end of fiscal year 2025 it had total assets of $14.37 billion, total liabilities of $9.39 billion and shareholders' equity of $4.98 billion, with cash and short-term investments of $200,000 and total debt of $5.66 billion.

Its operations brought in $1.14 billion of cash; capital spending was $1.05 billion, leaving free cash flow of $82.70 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

OGE logo

OGE Energy Corp.

OGEUnited States
Utilities
USD (Local)

Income Statement

Annual • USD

Total Revenue
3.26B
Prev Year: 2.99B
YoY: +9.2%
Operating Revenue
3.19B
Prev Year: 2.92B
YoY: +9.4%
Tax Effect of Unusual Items
4.16M
Prev Year: 3.87M
YoY: +7.4%
Weighted Average Shares (basic)
201.90M
Prev Year: 200.80M
YoY: +0.5%
Diluted EPS
2.32
Prev Year: 2.19
YoY: +5.9%
Basic EPS
2.33
Prev Year: 2.2
YoY: +5.9%
Cost of Revenue
1.79B
Prev Year: 1.59B
YoY: +12.6%
Gross Profit
1.47B
Prev Year: 1.39B
YoY: +5.3%
Operating Expense
669.20M
Prev Year: 649.20M
YoY: +3.1%
Depreciation Amortization Depletion
559.80M
Prev Year: 539.50M
YoY: +3.8%
Selling General and Administrative
-
Operation and Maintenance
-
Depreciation and amortization
559.80M
Prev Year: 539.50M
YoY: +3.8%
General and Administrative Expense
-
Other Taxes
109.40M
Prev Year: 109.70M
YoY: -0.3%
Operating Income
799.40M
Prev Year: 745.30M
YoY: +7.3%
Net Non Operating Interest Income Expense
-270.30M
Prev Year: -254.50M
YoY: -6.2%
Non-operating Interest Expense
270.30M
Prev Year: 254.50M
YoY: +6.2%
Other Income Expense
31.40M
Prev Year: 29.80M
YoY: +5.4%
Special Income Charges
26.00M
Prev Year: 25.50M
YoY: +2.0%
Equity in Earnings of Affiliates
-
Gain on Sale of Securities
-
Other Special Charges
-26.00M
Prev Year: -25.50M
YoY: -2.0%
Other Non-operating Income (expense)
5.40M
Prev Year: 4.30M
YoY: +25.6%
Pre-tax Income
560.50M
Prev Year: 520.60M
YoY: +7.7%
Provision for Income Taxes
89.80M
Prev Year: 79.10M
YoY: +13.5%
Net Income Common Stockholders
470.70M
Prev Year: 441.50M
YoY: +6.6%
Net Income
470.70M
Prev Year: 441.50M
YoY: +6.6%
Net Income Including Non-Controlling Interests
470.70M
Prev Year: 441.50M
YoY: +6.6%
Net Income from Continuing Operations
470.70M
Prev Year: 441.50M
YoY: +6.6%
Diluted NI Available to Com Stockholders
470.70M
Prev Year: 441.50M
YoY: +6.6%
Total Operating Income as Reported
799.40M
Prev Year: 745.30M
YoY: +7.3%
Total Expenses
2.46B
Prev Year: 2.24B
YoY: +9.9%
Net Income from Continuing and Discontinued Operation
470.70M
Prev Year: 441.50M
YoY: +6.6%
Normalized Income
448.86M
Prev Year: 419.87M
YoY: +6.9%
Weighted Average Shares (diluted)
-
Prev Year: 201.30M
Interest Expense
270.30M
Prev Year: 254.50M
YoY: +6.2%
Net Interest Income
-270.30M
Prev Year: -254.50M
YoY: -6.2%
EBIT
830.80M
Prev Year: 775.10M
YoY: +7.2%
EBITDA
1.39B
Prev Year: 1.31B
YoY: +5.8%
Reconciled Cost of Revenue
1.79B
Prev Year: 1.59B
YoY: +12.6%
Reconciled Depreciation
559.80M
Prev Year: 539.50M
YoY: +3.8%
Net Income from Continuing Operation Net Minority Interest
470.70M
Prev Year: 441.50M
YoY: +6.6%
Total Unusual Items Excluding Goodwill
26.00M
Prev Year: 25.50M
YoY: +2.0%
Total Unusual Items
26.00M
Prev Year: 25.50M
YoY: +2.0%
Normalized EBITDA
1.36B
Prev Year: 1.29B
YoY: +5.9%
Tax Rate for Calcs
0.16
Prev Year: 0
Values in USD

OGE Energy key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$3.3B$3.0B$2.7B$3.4B$3.7B
Gross profit$1.5B$1.4B$1.3B$1.2B$1.1B
Operating income$799.4M$745.3M$650.2M$649.5M$547.7M
Net income$470.7M$441.5M$416.8M$665.7M$737.3M
Diluted EPS$2.32$2.19$2.07$3.32$3.68
Total assets$14.4B$13.7B$12.8B$12.5B$12.6B
Total liabilities$9.4B$9.1B$8.3B$8.1B$8.6B
Shareholders' equity$5.0B$4.6B$4.5B$4.4B$4.1B
Cash and short-term investments$200,000$600,000$200,000$88.1M$0
Total debt$5.7B$5.5B$4.8B$4.5B$5.0B
Operating cash flow$1.1B$812.8M$1.2B$952.4M-$229.9M
Capital spending$1.1B$1.1B$1.2B$1.1B$778.5M
Free cash flow$82.7M-$278.1M$54.1M-$98.5M-$1.0B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was OGE Energy's revenue in fiscal year 2025?

$3.26 billion, up 9.2% from $2.99 billion in fiscal year 2024.

How much profit does OGE Energy make?

OGE Energy reported net income of $470.70 million for fiscal year 2025 (14.4% of revenue); operating income was $799.40 million.

How much cash and debt does OGE Energy have?

At the end of fiscal year 2025: cash and short-term investments of $200,000 and total debt of $5.66 billion.

What is OGE Energy's free cash flow?

$82.70 million in fiscal year 2025 (operating cash flow of $1.14 billion minus capital spending of $1.05 billion).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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