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Oge Energy Financials

OGE
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Oge Energy (OGE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 47 / 100
Financial Profile 47/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
77

Oge Energy has an operating margin of 24.5%, meaning the company retains $25 of operating profit per $100 of revenue. This strong profitability earns a score of 77/100, reflecting efficient cost management and pricing power. This is down from 25.0% the prior year.

Growth
49

Oge Energy's revenue grew 9.2% year-over-year to $3.3B, a solid pace of expansion. This earns a growth score of 49/100.

Leverage
80

Oge Energy carries a low D/E ratio of 1.08, meaning only $1.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
10

Oge Energy's current ratio of 0.78 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 10/100, which could limit financial flexibility.

Cash Flow
31

While Oge Energy generated $1.1B in operating cash flow, capex of $1.1B consumed most of it, leaving $82.7M in free cash flow. This results in a low score of 31/100, reflecting heavy capital investment rather than weak cash generation.

Returns
32

Oge Energy's ROE of 9.5% shows moderate profitability relative to equity, earning a score of 32/100. This is up from 9.5% the prior year.

Altman Z-Score Distress
1.38

Oge Energy scores 1.38, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral
6/9

Oge Energy passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
2.42x

For every $1 of reported earnings, Oge Energy generates $2.42 in operating cash flow ($1.1B OCF vs $470.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
3.0x

Oge Energy earns $3.0 in operating income for every $1 of interest expense ($799.4M vs $270.3M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$3.3B
YoY+9.2%
5Y CAGR+9.0%
10Y CAGR+4.0%

Oge Energy generated $3.3B in revenue in fiscal year 2025. This represents an increase of 9.2% from the prior year.

EBITDA
$1.4B
YoY+5.8%
5Y CAGR+8.3%
10Y CAGR+5.3%

Oge Energy's EBITDA was $1.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.8% from the prior year.

Net Income
$470.7M
YoY+6.6%
10Y CAGR+5.7%

Oge Energy reported $470.7M in net income in fiscal year 2025. This represents an increase of 6.6% from the prior year.

EPS (Diluted)
$2.32
YoY+5.9%
10Y CAGR+5.5%

Oge Energy earned $2.32 per diluted share (EPS) in fiscal year 2025. This represents an increase of 5.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$82.7M
YoY+129.7%
5Y CAGR+5.8%
10Y CAGR-12.6%

Oge Energy generated $82.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 129.7% from the prior year.

Cash & Debt
$200K
YoY-66.7%
5Y CAGR-28.9%
10Y CAGR-44.7%

Oge Energy held $200K in cash against $5.4B in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.69
YoY+0.8%
5Y CAGR+1.4%
10Y CAGR+4.9%

Oge Energy paid $1.69 per share in dividends in fiscal year 2025. This represents an increase of 0.8% from the prior year.

Shares Outstanding
206M
YoY+2.5%
5Y CAGR+0.6%
10Y CAGR+0.3%

Oge Energy had 206M shares outstanding in fiscal year 2025. This represents an increase of 2.5% from the prior year.

Margins & Returns

Gross Margin
61.4%
YoY-2.6pp
5Y CAGR-8.3pp
10Y CAGR+0.7pp

Oge Energy's gross margin was 61.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.6 percentage points from the prior year.

Operating Margin
24.5%
YoY-0.5pp
5Y CAGR-0.1pp
10Y CAGR+1.5pp

Oge Energy's operating margin was 24.5% in fiscal year 2025, reflecting core business profitability. This is down 0.5 percentage points from the prior year.

Net Margin
14.4%
YoY-0.4pp
5Y CAGR+22.6pp
10Y CAGR+2.1pp

Oge Energy's net profit margin was 14.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.4 percentage points from the prior year.

Return on Equity
9.5%
YoY-0.1pp
5Y CAGR+14.2pp
10Y CAGR+1.3pp

Oge Energy's ROE was 9.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$1.1B
YoY-3.3%
5Y CAGR+10.1%
10Y CAGR+6.8%

Oge Energy invested $1.1B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 3.3% from the prior year.

OGE Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $725.8M-30.5% $1.0B+40.9% $741.6M-0.8% $747.7M-1.7% $760.5M-21.2% $965.4M+45.7% $662.6M+11.0% $596.8M
Cost of Revenue $286.3M-26.3% $388.5M+48.8% $261.1M-19.4% $324.0M+7.9% $300.2M-14.3% $350.1M+80.6% $193.9M-16.5% $232.2M
Gross Profit $439.5M-33.1% $656.5M+36.6% $480.5M+13.4% $423.7M-8.0% $460.3M-25.2% $615.3M+31.3% $468.7M+28.6% $364.6M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income $138.2M-59.5% $341.3M+82.9% $186.6M+40.0% $133.3M-26.8% $182.2M-41.8% $313.2M+78.1% $175.9M+137.7% $74.0M
Interest Expense $61.2M-12.1% $69.6M-3.6% $72.2M+7.3% $67.3M+3.2% $65.2M+1.6% $64.2M-1.1% $64.9M+7.8% $60.2M
Income Tax $12.1M-73.4% $45.5M+106.8% $22.0M+115.7% $10.2M-41.0% $17.3M-57.8% $41.0M+113.5% $19.2M+1100.0% $1.6M
Net Income $69.2M-70.1% $231.3M+115.2% $107.5M+71.5% $62.7M-38.5% $101.9M-53.4% $218.7M+113.8% $102.3M+450.0% $18.6M
EPS (Diluted) N/A $1.14+115.1% $0.53+71.0% $0.31 N/A $1.09+113.7% $0.51+466.7% $0.09

OGE Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $14.4B+0.8% $14.3B+1.2% $14.1B+1.0% $14.0B+1.7% $13.7B+1.8% $13.5B+2.0% $13.2B+2.3% $12.9B
Current Assets $857.9M-13.1% $987.7M+1.9% $969.3M-3.9% $1.0B+12.7% $895.1M-0.2% $896.5M+13.9% $787.3M+8.6% $725.0M
Cash & Equivalents $200K-33.3% $300K-40.0% $500K-98.1% $26.9M+4383.3% $600K-93.9% $9.9M+9800.0% $100K-97.7% $4.3M
Inventory $112.0M-9.1% $123.2M-15.0% $144.9M+6.9% $135.6M-8.6% $148.3M+20.2% $123.4M-15.2% $145.5M-7.9% $157.9M
Accounts Receivable $347.8M-20.7% $438.8M+34.4% $326.5M+19.2% $274.0M+13.9% $240.6M-27.2% $330.5M+50.2% $220.1M+21.2% $181.6M
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $9.4B-0.7% $9.5B+0.2% $9.4B+1.1% $9.3B+2.9% $9.1B+2.4% $8.9B+1.4% $8.7B+3.1% $8.5B
Current Liabilities $1.1B-11.6% $1.2B-1.1% $1.3B-9.5% $1.4B+12.4% $1.2B+18.1% $1.0B-6.1% $1.1B-22.4% $1.4B
Long-Term Debt $5.4B0.0% $5.4B0.0% $5.4B+4.8% $5.1B+2.0% $5.0B0.0% $5.0B+4.1% $4.8B+13.1% $4.3B
Total Equity $5.0B+3.8% $4.8B+3.3% $4.6B+0.6% $4.6B-0.5% $4.6B+0.5% $4.6B+3.1% $4.5B+0.7% $4.4B
Retained Earnings $3.6B-0.5% $3.6B+4.2% $3.5B+0.7% $3.5B-0.7% $3.5B+0.5% $3.5B+4.0% $3.3B+0.6% $3.3B

OGE Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $384.8M-3.3% $397.8M+17.5% $338.6M+2029.6% $15.9M-87.7% $129.6M-62.7% $347.1M+37.1% $253.1M+204.9% $83.0M
Capital Expenditures $301.7M+31.5% $229.5M-16.1% $273.7M+9.7% $249.5M-15.9% $296.6M+21.5% $244.1M-24.5% $323.3M+42.5% $226.9M
Free Cash Flow $83.1M-50.6% $168.3M+159.3% $64.9M+127.8% -$233.6M-39.9% -$167.0M-262.1% $103.0M+246.7% -$70.2M+51.2% -$143.9M
Investing Cash Flow -$319.8M-29.1% -$247.8M+16.1% -$295.3M-12.0% -$263.7M+14.9% -$309.9M-18.4% -$261.7M+24.4% -$346.1M-42.1% -$243.5M
Financing Cash Flow -$65.1M+56.7% -$150.2M-115.5% -$69.7M-125.4% $274.1M+60.3% $171.0M+326.2% -$75.6M-185.1% $88.8M-46.1% $164.6M
Dividends Paid $85.6M+0.9% $84.8M-0.1% $84.9M-2.0% $86.6M+2.4% $84.6M+0.7% $84.0M0.0% $84.0M-2.2% $85.9M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

OGE Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 60.6%-2.3pp 62.8%-2.0pp 64.8%+8.1pp 56.7%-3.9pp 60.5%-3.2pp 63.7%-7.0pp 70.7%+9.7pp 61.1%
Operating Margin 19.0%-13.6pp 32.7%+7.5pp 25.2%+7.3pp 17.8%-6.1pp 24.0%-8.5pp 32.4%+5.9pp 26.6%+14.2pp 12.4%
Net Margin 9.5%-12.6pp 22.1%+7.6pp 14.5%+6.1pp 8.4%-5.0pp 13.4%-9.3pp 22.7%+7.2pp 15.4%+12.3pp 3.1%
Return on Equity 1.4%-3.4pp 4.8%+2.5pp 2.3%+0.9pp 1.4%-0.8pp 2.2%-2.5pp 4.7%+2.5pp 2.3%+1.9pp 0.4%
Return on Assets 0.5%-1.1pp 1.6%+0.9pp 0.8%+0.3pp 0.4%-0.3pp 0.7%-0.9pp 1.6%+0.8pp 0.8%+0.6pp 0.1%
Current Ratio 0.78-0.0 0.80+0.0 0.78+0.0 0.730.0 0.73-0.1 0.86+0.2 0.71+0.2 0.51
Debt-to-Equity 1.08-0.0 1.12-0.0 1.16+0.0 1.11+0.0 1.080.0 1.09+0.0 1.08+0.1 0.96
FCF Margin 11.5%-4.7pp 16.1%+7.4pp 8.8%+40.0pp -31.2%-9.3pp -22.0%-32.6pp 10.7%+21.3pp -10.6%+13.5pp -24.1%

Note: The current ratio is below 1.0 (0.78), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Oge Energy (OGE) reported $3.3B in total revenue for fiscal year 2025. This represents a 9.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Oge Energy (OGE) revenue grew by 9.2% year-over-year, from $3.0B to $3.3B in fiscal year 2025.

Yes, Oge Energy (OGE) reported a net income of $470.7M in fiscal year 2025, with a net profit margin of 14.4%.

Oge Energy (OGE) reported diluted earnings per share of $2.32 for fiscal year 2025. This represents a 5.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Oge Energy (OGE) had EBITDA of $1.4B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Oge Energy (OGE) had $200K in cash and equivalents against $5.4B in long-term debt.

Oge Energy (OGE) had a gross margin of 61.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Oge Energy (OGE) had an operating margin of 24.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Oge Energy (OGE) had a net profit margin of 14.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Oge Energy (OGE) paid $1.69 per share in dividends during fiscal year 2025.

Oge Energy (OGE) has a return on equity of 9.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Oge Energy (OGE) generated $82.7M in free cash flow during fiscal year 2025. This represents a 129.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Oge Energy (OGE) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Oge Energy (OGE) had $14.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Oge Energy (OGE) invested $1.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Oge Energy (OGE) had 206M shares outstanding as of fiscal year 2025.

Oge Energy (OGE) had a current ratio of 0.78 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Oge Energy (OGE) had a debt-to-equity ratio of 1.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Oge Energy (OGE) had a return on assets of 3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Oge Energy (OGE) has an Altman Z-Score of 1.38, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Oge Energy (OGE) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Oge Energy (OGE) has an earnings quality ratio of 2.42x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Oge Energy (OGE) has an interest coverage ratio of 3.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Oge Energy (OGE) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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