OGE Energy (OGE)
Market Price (6/15/2026): $47.79 | Market Cap: $9.9 BilSector: Utilities | Industry: Multi-Utilities
OGE Energy (OGE)
Market Price (6/15/2026): $47.79Market Cap: $9.9 BilSector: UtilitiesIndustry: Multi-Utilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, Dividend Yield is 3.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.9% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40% Low stock price volatilityVol 12M is 16% Megatrend and thematic driversMegatrends include Smart Grids & Grid Modernization, Renewable Energy Transition, and Electrification of Everything. Themes include Grid Automation, Show more. | Trading close to highsDist 52W High is -4.1%, Dist 3Y High is -4.1% Weak multi-year price returns3Y Excs Rtn is -25% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 59% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.3% Key risksOGE key risks include [1] elevated wildfire risk in its service territories, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, Dividend Yield is 3.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.9% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40% |
| Low stock price volatilityVol 12M is 16% |
| Megatrend and thematic driversMegatrends include Smart Grids & Grid Modernization, Renewable Energy Transition, and Electrification of Everything. Themes include Grid Automation, Show more. |
| Trading close to highsDist 52W High is -4.1%, Dist 3Y High is -4.1% |
| Weak multi-year price returns3Y Excs Rtn is -25% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 59% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.3% |
| Key risksOGE key risks include [1] elevated wildfire risk in its service territories, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 6/1/2026
OGE Energy (OGE) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. OGE Energy reported weaker first-quarter 2026 earnings due to unseasonably mild weather and higher operating costs. The company's consolidated net income fell to $50.2 million, or $0.24 per diluted share, from $62.7 million, or $0.31 per diluted share, in the same period of 2025. This missed analyst expectations of $0.37 per share, with mild weather being approximately 27% milder than normal and impacting results by around $0.05 per share.
2. Concerns over the stock's valuation emerged as its price-to-earnings (P/E) ratio stood at approximately 20.4x. This is notably above its 5-year median P/E of 17.2x, suggesting the stock might be trading at a premium compared to its historical averages and could be considered slightly overvalued.
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OGE Energy (OGE) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. OGE Energy reported weaker first-quarter 2026 earnings due to unseasonably mild weather and higher operating costs. The company's consolidated net income fell to $50.2 million, or $0.24 per diluted share, from $62.7 million, or $0.31 per diluted share, in the same period of 2025. This missed analyst expectations of $0.37 per share, with mild weather being approximately 27% milder than normal and impacting results by around $0.05 per share.
2. Concerns over the stock's valuation emerged as its price-to-earnings (P/E) ratio stood at approximately 20.4x. This is notably above its 5-year median P/E of 17.2x, suggesting the stock might be trading at a premium compared to its historical averages and could be considered slightly overvalued.
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Stock Movement Drivers
Fundamental Drivers
The -1.9% change in OGE stock from 2/28/2026 to 6/14/2026 was primarily driven by a -2.8% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.71 | 47.80 | -1.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,260 | 3,265 | 0.2% |
| Net Income Margin (%) | 14.4% | 14.0% | -2.8% |
| P/E Multiple | 21.1 | 21.5 | 2.1% |
| Shares Outstanding (Mil) | 204 | 206 | -1.3% |
| Cumulative Contribution | -1.9% |
Market Drivers
2/28/2026 to 6/14/2026| Return | Correlation | |
|---|---|---|
| OGE | -1.9% | |
| Market (SPY) | 8.4% | 0.7% |
| Sector (XLU) | -6.1% | 87.1% |
Fundamental Drivers
The 6.4% change in OGE stock from 11/30/2025 to 6/14/2026 was primarily driven by a 19.7% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 44.93 | 47.80 | 6.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,295 | 3,265 | -0.9% |
| Net Income Margin (%) | 15.3% | 14.0% | -8.1% |
| P/E Multiple | 18.0 | 21.5 | 19.7% |
| Shares Outstanding (Mil) | 202 | 206 | -2.3% |
| Cumulative Contribution | 6.4% |
Market Drivers
11/30/2025 to 6/14/2026| Return | Correlation | |
|---|---|---|
| OGE | 6.4% | |
| Market (SPY) | 9.2% | -7.5% |
| Sector (XLU) | -0.3% | 81.7% |
Fundamental Drivers
The 11.6% change in OGE stock from 5/31/2025 to 6/14/2026 was primarily driven by a 21.3% change in the company's P/E Multiple.| (LTM values as of) | 5312025 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.83 | 47.80 | 11.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,136 | 3,265 | 4.1% |
| Net Income Margin (%) | 15.5% | 14.0% | -9.4% |
| P/E Multiple | 17.7 | 21.5 | 21.3% |
| Shares Outstanding (Mil) | 201 | 206 | -2.5% |
| Cumulative Contribution | 11.6% |
Market Drivers
5/31/2025 to 6/14/2026| Return | Correlation | |
|---|---|---|
| OGE | 11.6% | |
| Market (SPY) | 27.3% | 3.2% |
| Sector (XLU) | 11.8% | 78.7% |
Fundamental Drivers
The 54.0% change in OGE stock from 5/31/2023 to 6/14/2026 was primarily driven by a 47.0% change in the company's P/E Multiple.| (LTM values as of) | 5312023 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.04 | 47.80 | 54.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,344 | 3,265 | -2.4% |
| Net Income Margin (%) | 12.7% | 14.0% | 10.5% |
| P/E Multiple | 14.6 | 21.5 | 47.0% |
| Shares Outstanding (Mil) | 200 | 206 | -3.0% |
| Cumulative Contribution | 54.0% |
Market Drivers
5/31/2023 to 6/14/2026| Return | Correlation | |
|---|---|---|
| OGE | 54.0% | |
| Market (SPY) | 84.5% | 22.2% |
| Sector (XLU) | 50.4% | 82.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OGE Return | 27% | 8% | -8% | 24% | 8% | 13% | 89% |
| Peers Return | 15% | 3% | -11% | 25% | 19% | 11% | 75% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| OGE Win Rate | 67% | 42% | 58% | 58% | 42% | 67% | |
| Peers Win Rate | 58% | 63% | 50% | 60% | 63% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| OGE Max Drawdown | -10% | -20% | -19% | -9% | -10% | -8% | |
| Peers Max Drawdown | -13% | -24% | -25% | -15% | -11% | -10% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEE, DUK, AEP, XEL, ETR. See OGE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)
How Low Can It Go
| Event | OGE | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.0% | -9.5% |
| % Gain to Breakeven | 15.0% | 10.5% |
| Time to Breakeven | 72 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -11.4% | -6.7% |
| % Gain to Breakeven | 12.8% | 7.1% |
| Time to Breakeven | 26 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -47.6% | -33.7% |
| % Gain to Breakeven | 91.0% | 50.9% |
| Time to Breakeven | 739 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.6% | -12.2% |
| % Gain to Breakeven | 29.1% | 13.9% |
| Time to Breakeven | 110 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -33.1% | -6.8% |
| % Gain to Breakeven | 49.5% | 7.3% |
| Time to Breakeven | 389 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -20.3% | -17.9% |
| % Gain to Breakeven | 25.5% | 21.8% |
| Time to Breakeven | 74 days | 123 days |
In The Past
OGE Energy's stock fell -3.1% during the 2025 US Tariff Shock. Such a loss loss requires a 3.2% gain to breakeven.
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Asset Allocation
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| Event | OGE | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -47.6% | -33.7% |
| % Gain to Breakeven | 91.0% | 50.9% |
| Time to Breakeven | 739 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.6% | -12.2% |
| % Gain to Breakeven | 29.1% | 13.9% |
| Time to Breakeven | 110 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -33.1% | -6.8% |
| % Gain to Breakeven | 49.5% | 7.3% |
| Time to Breakeven | 389 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -20.3% | -17.9% |
| % Gain to Breakeven | 25.5% | 21.8% |
| Time to Breakeven | 74 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -42.1% | -53.4% |
| % Gain to Breakeven | 72.7% | 114.4% |
| Time to Breakeven | 208 days | 1085 days |
In The Past
OGE Energy's stock fell -3.1% during the 2025 US Tariff Shock. Such a loss loss requires a 3.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About OGE Energy (OGE)
OGE Energy Corp., together with its subsidiaries, operates as an energy and energy services provider that offers physical delivery and related services for electricity, natural gas, crude oil, and natural gas liquids in the United States. The company generates, transmits, distributes, and sells electric energy. It provides retail electric service to approximately 879,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets. As of December 31, 2021, the company owned and operated interconnected electric generation, transmission, and distribution systems, including 16 generating stations with an aggregate capability of 7,207 megawatts; and transmission systems comprising 54 substations and 5,122 structure miles of lines in Oklahoma, and 7 substations and 277 structure miles of lines in Arkansas. Its distribution systems included 350 substations; 29,494 structure miles of overhead lines; 3,365 miles of underground conduit; and 11,125 miles of underground conductors in Oklahoma, as well as 29 substations, 2,795 structure miles of overhead lines, 349 miles of underground conduit, and 662 miles of underground conductors in Arkansas. The company was founded in 1902 and is based in Oklahoma City, Oklahoma.
AI Analysis | Feedback
OGE Energy is like the Pacific Gas and Electric (PG&E) or Con Edison of Oklahoma and western Arkansas, responsible for generating, transmitting, and selling electricity to nearly a million customers.
Think of OGE Energy as the essential electricity and energy utility for Oklahoma and western Arkansas, similar to how Duke Energy or Southern Company serve their respective regions in the Southeast.
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- Electric Utility Operations: OGE Energy generates, transmits, and distributes electric energy across its service territory, managing a comprehensive system of power plants, transmission lines, and distribution networks.
- Retail Electric Service: The company provides and sells electric energy directly to approximately 879,000 residential, commercial, and industrial customers in Oklahoma and western Arkansas.
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OGE Energy (OGE) primarily sells electricity and energy services directly to a broad base of individual and business customers within its service area in Oklahoma and western Arkansas. It does not have a few major corporate customers that constitute a significant portion of its sales.
The company serves the following categories of customers:
- Residential Customers: Individual households that use electricity for their homes.
- Commercial Customers: Businesses of various sizes, including retail establishments, offices, and other commercial enterprises.
- Industrial Customers: Larger businesses and facilities, such as manufacturing plants, that have substantial electricity consumption needs.
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Here is the requested information for OGE Energy's management team: Sean Trauschke, Chairman, President and Chief Executive Officer Mr. Trauschke has served as Chief Executive Officer of OGE Energy Corp. since June 2015, President of OGE Energy since August 2014, and Chairman of the Board since December 2015. He joined the company in 2009 as Vice President and Chief Financial Officer. Prior to joining OGE Energy, he held various leadership positions at Duke Energy, including senior vice president of investor relations and financial planning, vice president and chief risk officer, and general manager of business unit finance. Mr. Trauschke earned a Bachelor of Science degree in Mechanical Engineering from the University of North Carolina at Charlotte and a Master of Business Administration from the University of South Carolina. He also completed the Advanced Management Program at the Harvard Business School. Charles Walworth, Chief Financial Officer and Treasurer Mr. Walworth was appointed Chief Financial Officer and Treasurer of OGE Energy Corp., effective December 4, 2024. He is a 25-year veteran of the company, having progressed through various finance roles, most recently serving as Treasurer since 2014. His career at OGE Energy Corp. began in January 1999 as an intern in Energy Marketing & Trading, and he held positions such as Energy Trading Analyst, Capital Markets Specialist, and Manager of Corporate Finance. Mr. Walworth holds an MBA in Finance from the University of Notre Dame and dual degrees from the University of Oklahoma: a BBA in Management Information Systems and a BS in Meteorology. Patricia D. Horn, Vice President - Governance and Corporate Secretary Ms. Horn has served as Vice President - Governance and Corporate Secretary of OGE Energy Corp. since 2016. She was promoted to this role for OGE in 2010 where she works in corporate governance, coordinating internal governance and the OGE Board of Director activities. She also leads the corporate environmental, health & safety organization. Ms. Horn has worked for OGE since 1997 and was previously general counsel and vice president legal, regulatory and EH&S for Enogex, OGE Energy's midstream energy company. Prior to joining Enogex in 1997, she was a partner in the Oklahoma City law firm of Hall, Estill, Gable, Golden and Nelson, focusing her practice on energy, environmental, business transactions, and employment law. She holds a bachelor's degree from Southern Nazarene University and a Juris Doctorate from the University of Oklahoma. William H. Sultemeier, General Counsel and Chief Compliance Officer Mr. Sultemeier serves as Chief Compliance Officer and General Counsel at OGE Energy Corp. and General Counsel at Oklahoma Gas & Electric Co. He assumed the role of General Counsel of OGE Energy Corp. and OG&E effective January 1, 2017. Before joining OGE Energy, he was a Partner in the Houston office of the Jones Day law firm. Prior to that, he was a partner at Greenberg Traurig LLP and served as Senior Vice President and General Counsel for Anesthesia Healthcare Partners in Atlanta. He holds a Bachelor of Science degree in Business Management from Brigham Young University, a Master of Business Administration from the University of Georgia, and a Juris Doctor from Saint Louis University School of Law. Donnie O. Jones, Vice President - Utility Operations Mr. Jones has served as Vice President - Utility Operations of OG&E since 2019. From 2016 to 2019, he was the Vice President - Power Supply Operations of OG&E.AI Analysis | Feedback
```htmlKey Risks to OGE Energy (OGE)
- Regulatory Hurdles: OGE Energy operates in a highly regulated environment across Oklahoma and Arkansas, exposing it to significant risks from regulatory changes and decisions. The company's ability to recover investments and operational costs, particularly for large capital projects, is contingent on regulatory approval of rate cases. Scrutiny over capital spending plans and the potential for regulators to intervene, such as ordering specific tariffs for large load customers like data centers to protect residential consumers, can directly impact the company's financial performance and operational flexibility.
- Wildfire Risks: OGE Energy and its subsidiary, Oklahoma Gas & Electric Co. (OG&E), face elevated wildfire risks in parts of their service territories in Oklahoma and Arkansas. While the company has undertaken mitigation efforts, S&P Global Ratings indicates that a more comprehensive strategy is needed to materially reduce this exposure. This physical risk, exacerbated by climate change and extreme weather events, could lead to significant liabilities, impact financial measures, and has already resulted in a negative outlook for OG&E from S&P Global Ratings.
- Aging Infrastructure and Capital Expenditure Requirements: OGE Energy faces the ongoing challenge of maintaining and upgrading its aging equipment and facilities. This necessitates significant capital expenditures to ensure efficiency and compliance with environmental regulations. The company's substantial capital expenditure plans, such as the estimated $2.7 billion for 2024-2028, are subject to regulatory approval, and the ability to fund these investments and manage associated risks, including potential cost overruns, higher interest rates, and pressure on margins from financing costs, remains crucial for its financial stability and growth trajectory.
AI Analysis | Feedback
The clear emerging threat for OGE Energy is the accelerating adoption of **decentralized, customer-owned electricity generation**, primarily rooftop solar combined with battery storage systems.
As the cost of solar photovoltaic panels and battery storage continues to fall, more customers are able to generate a significant portion, or even all, of their own electricity directly at their homes or businesses. This trend reduces their reliance on power purchased from OGE Energy, directly impacting the utility's sales volumes and revenue from electricity generation and delivery. Similar to how streaming services like Netflix provided an alternative to traditional video rental stores, or ridesharing apps like Uber provided an alternative to traditional taxis, distributed energy resources empower consumers to bypass or reduce their dependence on the traditional utility model of centralized power generation and distribution. While OGE Energy owns some renewable assets, widespread customer-owned generation erodes the core business model of selling electricity and leveraging the transmission/distribution network for all energy needs.
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OGE Energy's main product is the generation, transmission, distribution, and sale of electric energy. The company primarily operates in Oklahoma and western Arkansas. The addressable market for OGE Energy's main product can be quantified by the total electricity market revenue within these regions. The total addressable market for electricity in Oklahoma and Arkansas, based on 2024 data, is approximately $11.34 billion. This figure is derived from the following: * In 2024, the total electricity sales revenue in Oklahoma was approximately $6.55 billion. * For the same period, the total electricity sales revenue in Arkansas was approximately $4.79 billion. Therefore, the combined annual addressable market for electricity in Oklahoma and Arkansas is approximately $11.34 billion. This market size is for the region comprising the entire states of Oklahoma and Arkansas, which encompasses OGE Energy's service territory of approximately 30,000 square miles in Oklahoma and western Arkansas.AI Analysis | Feedback
OGE Energy (NYSE: OGE) is expected to experience revenue growth over the next 2-3 years, driven by several key factors:
- Strong Load Growth, Particularly from Data Centers: OGE Energy anticipates significant growth in electricity demand, primarily fueled by the commercial sector, with a notable emphasis on data centers. The company has observed exceptional load growth in its service territory, and it is actively engaged in discussions with major data center projects, including a reported 1 GW contract with a large, undisclosed data center operator. Overall weather-normalized load growth was 8% in Q1 2025 and 6.5% year-to-date in Q2 2025.
- Capital Investments and Rate Base Expansion: The company is undertaking substantial capital expenditure programs to strengthen its grid, enhance reliability, and expand its infrastructure. OGE has outlined a five-year capital expenditure plan totaling $6.25 billion for the period of 2025-2029. These investments, which include adding new natural gas-fired combustion turbines and the Black Kettle Energy Storage project, are intended to meet growing energy needs and are expected to be recovered through its regulated rate base, thereby driving revenue.
- Customer Growth: OGE Energy has consistently demonstrated customer base expansion, with a 1% year-over-year increase in OG&E's customer base during Q1 2025. The company expects continued growth in its customer count, which directly contributes to increased electricity sales and revenue.
- Integrated Resource Plan (IRP) and Generation Capacity Needs: OGE's 2024 Integrated Resource Plan projects a significant need for additional generation capacity. The company forecasts a requirement for an additional 1,096 megawatts (MW) by 2028, increasing to 1,215 MW by 2030, and further to 2,592 MW by 2034. OGE plans to file for approval for generation capacity RFPs in the first half of 2025, indicating future investments and associated revenue streams.
- Transmission System Expansion and SPP Policy Changes: The company is advancing its transmission strategy and expects opportunities arising from the Southwest Power Pool (SPP) Integrated Transmission Plan (ITP). Policy changes at the SPP are also influencing OGE's transmission and distribution (T&D) project slate, leading to long-term investment opportunities that will contribute to revenue growth.
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Share Repurchases
No information available for dollar amount of share repurchases made or authorized within the last 3-5 years.
Share Issuance
- In November 2025, OGE Energy commenced an underwritten public offering of $345 million of common stock, with approximately half directly issued by the company and the other half through forward sale agreements.
- The company granted underwriters an option to purchase up to an additional $51.75 million of common stock in connection with the November 2025 offering.
- OGE Energy anticipates issuing between $15 million and $25 million in common stock annually via its Automatic Dividend Reinvestment and Stock Purchase Plan to help fund its capital plan through 2030.
Inbound Investments
No information available for large inbound investments by third-parties such as strategic partners or private equity firms within the last 3-5 years.
Outbound Investments
- In December 2021, OGE Energy completed the merger between Energy Transfer LP and Enable Midstream Partners LP, resulting in OGE exchanging its 110,982,805 common units of Enable for 95,389,720 common units of Energy Transfer.
- OGE Energy announced its intention to divest a majority of its investment in Energy Transfer by the end of 2022 to transition into a pure-play electric utility, and subsequently sold its 95.4 million limited partner units of Energy Transfer throughout 2022.
Capital Expenditures
- OGE Energy plans to invest approximately $7.29 billion from 2026 to 2030, with a primary focus on enhancing the safety, resilience, and reliability of its distribution and transmission grid and generation fleet.
- An ambitious five-year capital expenditure plan totaling $6.25 billion was outlined for 2025-2029, allocating substantial investments to Oklahoma distribution ($3.37 billion), transmission ($1.01 billion), and generation reliability ($820 million).
- Key capital projects include the construction of two natural gas combustion turbines (totaling 448 megawatts) at the Horseshoe Lake facility, expected to be operational by the end of 2029, and ongoing investments to expand its renewable energy portfolio, including wind and solar assets.
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 98.55 |
| Mkt Cap | 60.3 |
| Rev LTM | 18,608 |
| Op Inc LTM | 4,299 |
| FCF LTM | -3,196 |
| FCF 3Y Avg | -1,879 |
| CFO LTM | 6,228 |
| CFO 3Y Avg | 5,629 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.1% |
| Rev Chg 3Y Avg | 2.3% |
| Rev Chg Q | 8.7% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Inc Chg LTM | 4.0% |
| Op Inc Chg 3Y Avg | 8.3% |
| Op Mgn LTM | 24.2% |
| Op Mgn 3Y Avg | 24.0% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 37.4% |
| CFO/Rev 3Y Avg | 36.1% |
| FCF/Rev LTM | -12.2% |
| FCF/Rev 3Y Avg | -7.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 60.3 |
| P/S | 3.2 |
| P/Op Inc | 14.5 |
| P/EBIT | 13.0 |
| P/E | 21.7 |
| P/CFO | 9.6 |
| Total Yield | 7.1% |
| Dividend Yield | 2.7% |
| FCF Yield 3Y Avg | -2.6% |
| D/E | 0.7 |
| Net D/E | 0.7 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.6% |
| 3M Rtn | -2.9% |
| 6M Rtn | 11.7% |
| 12M Rtn | 19.1% |
| 3Y Rtn | 50.8% |
| 1M Excs Rtn | 0.2% |
| 3M Excs Rtn | -15.0% |
| 6M Excs Rtn | 4.6% |
| 12M Excs Rtn | -2.9% |
| 3Y Excs Rtn | -23.0% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Electric Company | 3,260 | 2,985 | 2,674 | 3,376 | 3,654 |
| Eliminations | 0 | 0 | 0 | 0 | |
| Other Operations | 0 | 0 | 0 | 0 | |
| Natural Gas Midstream Operations | 0 | ||||
| Total | 3,260 | 2,985 | 2,674 | 3,376 | 3,654 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Electric Company | 800 | 746 | 652 | 662 | 546 |
| Eliminations | 0 | 0 | 0 | 0 | |
| Other Operations | -1 | -0 | -1 | -0 | -0 |
| Natural Gas Midstream Operations | -13 | -2 | |||
| Total | 799 | 745 | 650 | 650 | 544 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Electric Company | 500 | 470 | 426 | 440 | 360 |
| Eliminations | 0 | 0 | 0 | 0 | |
| Other Operations | -29 | -28 | -10 | -5 | -8 |
| Natural Gas Midstream Operations | 231 | 385 | |||
| Total | 471 | 442 | 417 | 666 | 737 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Electric Company | 14,278 | 13,581 | 12,643 | 12,410 | 11,688 |
| Other Operations | 134 | 403 | 301 | 684 | 350 |
| Eliminations | -41 | -268 | -153 | -551 | -218 |
| Natural Gas Midstream Operations | 1 | 787 | |||
| Total | 14,370 | 13,716 | 12,791 | 12,545 | 12,606 |
Price Behavior
Price Behavior
| Market Price | $47.80 | |
| Market Cap ($ Bil) | 9.9 | |
| First Trading Date | 12/30/1987 | |
| Distance from 52W High | -4.1% | |
| 50 Days | 200 Days | |
| DMA Price | $47.74 | $45.20 |
| DMA Trend | up | indeterminate |
| Distance from DMA | 0.1% | 5.7% |
| 3M | 1YR | |
| Volatility | 20.7% | 16.3% |
| Downside Capture | 6.26 | -3.18 |
| Upside Capture | 2.77 | 11.06 |
| Correlation (SPY) | 1.1% | 3.2% |
OGE Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.20 | 0.16 | 0.15 | -0.01 | 0.09 | 0.27 |
| Up Beta | 0.01 | -0.11 | -0.03 | 0.05 | 0.21 | 0.31 |
| Down Beta | 2.17 | 1.43 | 0.22 | -0.03 | -0.03 | 0.27 |
| Up Capture | -34% | 6% | 9% | 3% | 10% | 9% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 19 | 30 | 64 | 131 | 408 |
| Down Capture | 14% | 45% | 37% | -13% | 6% | 39% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 11 | 20 | 31 | 56 | 114 | 329 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OGE | |
|---|---|---|---|---|
| OGE | 12.4% | 16.3% | 0.54 | - |
| Sector ETF (XLU) | 13.3% | 14.7% | 0.63 | 78.9% |
| Equity (SPY) | 24.9% | 12.3% | 1.52 | 3.4% |
| Gold (GLD) | 25.5% | 27.4% | 0.81 | 11.5% |
| Commodities (DBC) | 30.1% | 19.0% | 1.25 | -10.1% |
| Real Estate (VNQ) | 13.5% | 13.5% | 0.69 | 56.4% |
| Bitcoin (BTCUSD) | -41.7% | 42.2% | -1.16 | -0.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OGE | |
|---|---|---|---|---|
| OGE | 11.7% | 18.8% | 0.49 | - |
| Sector ETF (XLU) | 9.6% | 17.3% | 0.41 | 84.8% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 36.8% |
| Gold (GLD) | 16.8% | 18.2% | 0.75 | 16.7% |
| Commodities (DBC) | 8.4% | 19.4% | 0.33 | 9.3% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.05 | 62.1% |
| Bitcoin (BTCUSD) | 13.6% | 54.4% | 0.44 | 10.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OGE | |
|---|---|---|---|---|
| OGE | 8.9% | 22.0% | 0.37 | - |
| Sector ETF (XLU) | 9.4% | 19.2% | 0.42 | 80.4% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 49.4% |
| Gold (GLD) | 12.5% | 16.1% | 0.64 | 11.9% |
| Commodities (DBC) | 6.7% | 18.0% | 0.29 | 18.7% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 67.6% |
| Bitcoin (BTCUSD) | 60.3% | 66.8% | 1.00 | 8.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/4/2023 | 1.1% | 0.5% | -4.2% |
| SUMMARY STATS | |||
| # Positive | 1 | 1 | 0 |
| # Negative | 0 | 0 | 1 |
| Median Positive | 1.1% | 0.5% | |
| Median Negative | -4.2% | ||
| Max Positive | 1.1% | 0.5% | |
| Max Negative | -4.2% | ||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 10/29/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
Insider Activity
Updated 5/22/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Sultemeier, William H | GC, Corp. Sec, CCO | Direct | Sell | 5222026 | 47.97 | 7,345 | 352,340 | 3,573,621 | Form |
| 2 | Stafford, Sarah R | Controller and CAO | Direct | Sell | 2252026 | 47.77 | 6,130 | 292,803 | 1,364,135 | Form |
| 3 | Ganske, Lyle G | Direct | Buy | 2242026 | 47.99 | 10,420 | 500,067 | 500,067 | Form | |
| 4 | Parker, David A | VP- Tech, Data, Security-OG&E | Direct | Sell | 8062025 | 45.97 | 3,300 | 151,705 | 892,352 | Form |
| 5 | Jones, Donnie O | VP- Utility Operations (OG&E) | Direct | Sell | 5292025 | 44.06 | 11,351 | 500,170 | 1,935,820 | Form |
Industry Resources
| Utilities Resources |
| Data.gov Energy Infrastructure |
| Data.gov Energy Resources |
| Utility Dive |
| Multi-Utilities Resources |
| Public Utilities Fortnightly |
| Power Magazine |
| Energy Central |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 6/14/2026