OG&E
Generates, transmits, distributes, and sells regulated electricity across Oklahoma and western Arkansas.
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Profile
The OG&E operating subsidiary generates, transmits, distributes, and sells electricity in Oklahoma and western Arkansas. The holding company has focused on its electric utility after leaving its former midstream investment.
The wholly owned OG&E operating subsidiary generates, transmits, distributes, and sells electricity. Its franchised service territory spans Oklahoma and western Arkansas, including Fort Smith and nearby Arkansas communities.
Electric operations are reported through the electric-company business segment, while the holding-company line is reported as Other Operations. Rates are regulated by the Oklahoma Corporation Commission, Arkansas Public Service Commission, and Federal Energy Regulatory Commission.
After selling its Energy Transfer equity, the group became a utility-focused holding company. All employees are directly employed by OG&E following the midstream exit. Reliability, regional demand, generation, and transmission development operate within that regulated service framework.
Company facts
Categories
Key statistics
Year to date +6.7% · Average volume (30d) 1.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 21, 2026 | Morgan Stanley | Reiterate | Equal Weight | $51 | $49 | |
| Jul 22, 2026 | Morgan Stanley | Target | $50 | $51 | ||
| Jul 22, 2026 | BMO Capital | Reiterate | Market Perform | $45 | $49 | |
| Jul 14, 2026 | Barclays | Reiterate | Overweight | $49 | $52 | |
| Jun 24, 2026 | Morgan Stanley | Target | $50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.55 | $0.56 | +1.1% | $782.7M | $711.9M | −9.0% | −3.06% |
| Apr 29, 2026Q1 FY26 | $0.24 | $0.24 | 0.0% | $616.0M | $752.6M | +22.2% | +3.08% |
| Feb 18, 2026Q4 FY25 | $0.30 | $0.33 | +10.0% | $570.6M | $725.8M | +27.2% | +0.52% |
| Oct 29, 2025Q3 FY25 | $1.16 | $1.14 | −1.7% | $277.8M | $1.05B | +276.2% | +0.11% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $747.7M | $741.6M | $1.05B | $725.8M | $752.6M | $711.9M | |
| Gross profit | $301.9M | $353.4M | $656.5M | $304.4M | $279.4M | $494.2M | |
| Operating income | $133.3M | $186.6M | $341.3M | $138.2M | $113.1M | $191.7M | |
| Net income | $62.7M | $107.5M | $231.3M | $69.2M | $50.2M | $120.1M | |
| Diluted EPS | $0.31 | $0.53 | $1.14 | $0.34 | $0.24 | $0.56 | |
| Gross margin | 40.4% | 47.7% | 62.8% | 41.9% | 37.1% | 69.4% | |
| Operating margin | 17.8% | 25.2% | 32.7% | 19.0% | 15.0% | 26.9% |
Fiscal years (4-quarter sums)FY21 $3.65B · FY22 $3.38B · FY23 $2.67B · FY24 $2.99B · FY25 $3.26B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $900.0K · Total debt $5.84B · Total assets $14.63B · Shareholders' equity $4.98B
Dividends
Raised for 38 straight years — most recently to $0.425 from $0.4213 in Oct 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 6, 2026 | Jul 6 | Jul 31 | $0.425 | |
| Apr 6, 2026 | Apr 6 | Apr 24 | $0.425 | |
| Jan 5, 2026 | Jan 5 | Jan 30 | $0.425 | |
| Oct 6, 2025 | Oct 6 | Oct 31 | $0.425 | raised from $0.4213 |
| Jul 7, 2025 | Jul 7 | Jul 25 | $0.4213 | |
| Apr 7, 2025 | Apr 7 | Apr 25 | $0.4213 | |
| Jan 6, 2025 | Jan 6 | Jan 31 | $0.4213 | |
| Oct 7, 2024 | Oct 7 | Oct 25 | $0.4213 | raised from $0.4182 |
Ownership
Shares outstanding 206.58M · Float 205.21M · 99.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 26.25M | 12.71% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 10.66M | 5.16% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 9.31M | 4.51% | 13F | Aug 13, 2026 |
| State Street Corp | 7.23M | 3.50% | 13F | Aug 7, 2026 |
| Clearbridge Investments, LLC | 6.59M | 3.19% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 21, 2026 | William H. Sultemeier | officer: GC, Corp. Sec, CCO | −7,345 | $47.97 |
| Feb 24, 2026 | Sarah R. Stafford | officer: Controller and CAO | −6,130 | $47.77 |
| Feb 23, 2026 | Lyle G. Ganske | director | +10,420 | $47.99 |
Peers
- American Electric Power
Oklahoma utility rival through PSO and the SPP wholesale market
- NextEra Energy
Competitive wholesale renewable and power-marketing participant in SPP
- Evergy
SPP utility peer in generation, transmission and wholesale power
- Entergy
Arkansas utility peer in SPP transmission and regional power markets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| OG&E | $45.74 | −0.02% | $9.45B | 20.1 | 17.9 | 2.9 | −4.0% |
| American Electric Power | $125.76 | +2.84% | $66.59B | 21.2 | 18.4 | 3.0 | +7.0% |
| NextEra Energy | $81.84 | +0.02% | $170.72B | 18.3 | 19.9 | 5.9 | +12.5% |
| Evergy | $80.30 | −0.43% | $18.59B | 20.4 | 18.0 | 3.1 | +4.4% |
| Entergy | $105.75 | +0.03% | $49.35B | 27.1 | 22.6 | 3.7 | +5.9% |
| Median | 20.8 | 19.2 | 3.4 | +6.4% |