OGE Energy Corp (OGE) Financial Statements (2025 and earlier)

Company Profile

Business Address 321 N HARVEY
OKLAHOMA CITY, OK 73101-0321
State of Incorp. OK
Fiscal Year End December 31
Industry (SIC) 4911 - Electric Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6009,9001004,3002002,800
Cash and cash equivalent6009,9001004,3002002,800
Receivables315,200418,700335,600263,800299,700444,100
Inventory, net of allowances, customer advances and progress billings148,300123,400145,500157,900158,500123,600
Inventory148,300123,400145,500157,900158,500123,600
Deferred costs115,40043,300  2,70053,000
Regulatory asset123,50053,00010,9004,0006,50061,000
Other current assets88,90063,00067,50053,70058,80051,000
Other undisclosed current assets103,200185,200227,700241,300245,100169,600
Total current assets:895,100896,500787,300725,000771,500905,100
Noncurrent Assets
Property, plant and equipment12,086,60011,832,00011,687,30011,468,80011,301,00011,114,000
Long-term investments and receivables124,200122,600119,700118,900114,000111,400
Long-term investments124,200122,600119,700118,900114,000111,400
Regulated entity, other noncurrent assets  572,700586,200   
Other noncurrent assets610,100624,700617,500605,300604,200612,700
Other undisclosed noncurrent assets  (572,700)(586,200)   
Total noncurrent assets:12,820,90012,579,30012,424,50012,193,00012,019,20011,838,100
TOTAL ASSETS:13,716,00013,475,80013,211,80012,918,00012,790,70012,743,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities566,000582,900490,000411,000512,000542,700
Accounts payable305,700269,800256,800211,900276,400281,800
Accrued liabilities260,300313,100233,200199,100235,600260,900
Deferred revenue111,100110,000107,800105,600103,50099,900
Debt501,700247,600440,700835,100499,200411,400
Regulatory liability  28,20037,600   
Customer refund liability9,30016,40029,80036,50020,500 
Other liabilities41,70084,60041,40041,50044,00053,500
Other undisclosed current liabilities  (28,200)(37,600)   
Total current liabilities:1,229,8001,041,5001,109,7001,429,7001,179,2001,107,500
Noncurrent Liabilities
Long-term debt and lease obligation5,020,9005,020,8004,821,8004,261,9004,340,5004,339,700
Long-term debt, excluding current maturities5,020,9005,020,8004,821,8004,261,9004,340,5004,339,700
Liabilities, other than long-term debt2,824,4002,796,4002,802,6002,781,1002,759,4002,755,300
Accumulated deferred investment tax credit10,60010,70010,90011,10011,30011,500
Deferred income tax liabilities1,371,1001,361,6001,335,3001,318,4001,300,8001,281,700
Liability, pension and other postretirement and postemployment benefits170,900166,900163,500161,500172,700176,300
Regulatory liability1,016,4001,014,6001,030,5001,047,4001,061,6001,079,300
Other liabilities255,400242,600262,400242,700213,000206,500
Total noncurrent liabilities:7,845,3007,817,2007,624,4007,043,0007,099,9007,095,000
Total liabilities:9,075,1008,858,7008,734,1008,472,7008,279,1008,202,500
Equity
Equity, attributable to parent, including:4,640,9004,617,1004,477,7004,445,3004,511,6004,540,700
Common stock 2,000   2,000 
Additional paid in capital 1,165,900   1,143,100 
Accumulated other comprehensive loss(2,700)(3,100)(3,200)(3,300)(7,200)(10,100)
Retained earnings3,475,7003,458,5003,324,4003,306,2003,373,7003,409,200
Other undisclosed equity, attributable to parent 1,161,7001,156,5001,142,400 1,141,600
Total equity:4,640,9004,617,1004,477,7004,445,3004,511,6004,540,700
TOTAL LIABILITIES AND EQUITY:13,716,00013,475,80013,211,80012,918,00012,790,70012,743,200

Income Statement (P&L) ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Revenues760,500965,400662,600596,800566,700945,400
Cost of revenue
(Cost of Product and Service Sold)
(300,200)(350,100)(193,900)(232,200)(195,500)(333,800)
Gross profit:460,300615,300468,700364,600371,200611,600
Operating expenses(278,100)(302,100)(292,800)(290,600)(275,000)(280,500)
Operating income:182,200313,200175,90074,00096,200331,100
Nonoperating income2,20010,70010,5006,4006,7006,600
Public utilities, allowance for funds used during construction, additions (10,700)3,9003,400   
Public utilities, allowance for funds used during construction, capitalized cost of equity7,3006,9006,6004,7005,3004,500
Other nonoperating income (expense) (27,600)10,70010,500   
Interest and debt expense   (64,900)(60,200)(58,500)(57,400)
Income from continuing operations before equity method investments, income taxes:184,400323,900121,50020,20044,400280,300
Other undisclosed loss from continuing operations before income taxes(65,200)(64,200)    
Income from continuing operations before income taxes:119,200259,700121,50020,20044,400280,300
Income tax expense (benefit)(17,300)(41,000)(19,200)(1,600)3,800(38,400)
Net income available to common stockholders, diluted:101,900218,700102,30018,60048,200241,900

Comprehensive Income ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Net income:101,900218,700102,30018,60048,200241,900
Other comprehensive income 1001003,900 200
Other undisclosed comprehensive income 4,500   4,700 
Comprehensive income:106,400218,800102,40022,50052,900242,100
Other undisclosed comprehensive loss, net of tax, attributable to parent (4,100)   (1,800) 
Comprehensive income, net of tax, attributable to parent:102,300218,800102,40022,50051,100242,100

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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