Here are the 424B prospectus supplements from OGE Energy Corp. (OGE) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow OGE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OGE filings page.
OGE Energy Corp. may offer and sell common stock from time to time for an aggregate sales price of up to $750,000,000 under a continuous offering program. Sales may occur at market prices, in privately negotiated transactions including block trades, through agents, to agents acting as principals, or through forward sale agreements. OGE currently intends to add net proceeds from direct sales and forward settlements to general funds and use them for capital expenditures and other general corporate purposes, including repaying or refinancing debt.
For forward sales, OGE will not initially receive proceeds from sales of borrowed shares. Physical settlement is expected to provide net cash proceeds; cash settlement may produce no proceeds and could require OGE to pay cash, while net-share settlement produces no proceeds and could require OGE to deliver shares. Forward agreements provide for settlement no more than 24 months after entry, on dates OGE specifies. Delivery of shares upon physical or net-share settlement would increase shares outstanding and dilute earnings per share. Sales-agent commissions may be up to 1.00% of gross sales price. OGE reported $135.1 million of short-term debt outstanding at a weighted average interest rate of 4.17% as of September 30, 2026.
OGE Energy Corp. is offering 8,023,256 shares of common stock at $43.00 per share through a combination of newly issued shares and forward sale agreements. The company is selling 4,011,628 shares directly and has entered into forward sale agreements for another 4,011,628 shares, with underwriters also holding a 1,203,488-share option. OGE expects total net proceeds of about $334.65 million before expenses, assuming full physical settlement of the forward sales at an initial forward price of $41.71 per share. The company plans to use the cash for capital projects, including the Horseshoe Lake Units 13 and 14 and the Ft. Smith to Muskogee transmission line, as well as for general corporate purposes such as debt repayment. OGE reports OCC pre-approval for 448 megawatts of new gas turbines at Horseshoe Lake, and S&P has affirmed OGE and OG&E credit ratings while revising OG&E’s outlook to negative.
OGE Energy Corp. plans a $345,000,000 common stock offering, split between $172,500,000 of shares sold directly and $172,500,000 of shares sold through forward sale agreements with Morgan Stanley and JPMorgan. The company may also grant underwriters an additional $51,750,000 of shares. After this offering, common stock outstanding is expected to be 205,435,531 shares, rising to 209,348,870 shares if the forward sale agreements are fully physically settled, or 210,522,872 shares if the underwriters’ option is exercised in full.
OGE expects to use net proceeds to fund capital expenditures, including the Horseshoe Lake Units 13 and 14 and the Ft. Smith to Muskogee transmission line, and for general corporate purposes such as repaying or refinancing debt. The company received Oklahoma Corporation Commission pre-approval for two new natural-gas turbines totaling 448 megawatts at Horseshoe Lake, with cost recovery via a rider once in service by the end of 2029. S&P affirmed credit ratings, maintaining a stable outlook for OGE Energy but revising OG&E’s outlook to negative.