MARKETS / NYSE / OGE

NYSE · ELECTRIC SERVICES · LARGE CAP

OGE Energy Corp. OGE

18 fiscal years on record · USD · FY2025 reported · SEC filings only

13 YEARS OF DIVIDEND GROWTH

Revenue

$3.2B

▲ 9.4% YoY

Net income

$470.7M

▲ 6.6% YoY

Free cash flow

$82.7M

In brief

What this company does

OGE Energy Corp.'s electric company operations are conducted through its wholly-owned subsidiary, OG&E, which generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. OG&E provides retail electric service to approximately 913,000 customers in Oklahoma and western Arkansas, across a service area that covers 30,000 square miles. OG&E derived 92 percent of its total electric operating revenues in 2025 from sales in Oklahoma, with the remainder from sales in Arkansas. At December 31, 2025, the Registrants had 2,248 full-time employees. OG&E was incorporated in 1902 under the laws of the Oklahoma Territory.

Written from the business description in OGE ENERGY CORP.'s annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth

USD 3.2B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 3.2 · Net income 0.5

Compound annual growth

Revenue

−1.2%

+9.0%

+3.8%

−1.0%

Net income

−10.9%

+3.2%

EPS, diluted

−11.3%

+5.5%

Dividend / share

+0.9%

+1.4%

+4.9%

Returned to shareholders

+1.3%

+1.7%

+5.3%

+6.1%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +9.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

15 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 25.1% · Net 14.8%

ROE

FY2025 · ROE 9.8%

Gross margin60.5%

Operating margin25.1%

Net margin14.8%

Return on assets3.4%

EBITDAUSD 1.4B

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders

USD 341.9M

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 0.1

Net buybacks $M Dividends $M

FY2025 · Dividends 341.9 · Net buybacks —

Dividends paidUSD 341.9M

Net buybacks—

Share of profit72.6%

Consecutive raises13 years (since the 2012 share-count change)

USD 341.9M in dividends — 73% of the year's profit went back to shareholders.

Total assetsUSD 14.4B

EquityUSD 5.0B

CashUSD 200,000.00

Gross debtUSD 5.4B

Net debtUSD 5.4B

Current ratio0.78×

Net debt stands at 108% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	3.2	2.9	2.6	3.3	3.6	2.1	2.2	2.2	0.0	0.0	2.2	2.5	2.9	3.7	3.9	3.7	2.9	4.1
Operating income $B	0.8	0.7	0.7	0.6	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.6	0.7	0.6	0.6	0.5	0.5
EBITDA $B	1.4	1.3	1.2	1.1	1.0	0.9	0.9	0.8	0.8	0.9	0.8	0.8	0.9	1.1	1.0	0.9	·	·
Income tax $B	0.1	0.1	0.1	0.1	0.1	−0.1	0.0	0.1	−0.0	0.1	0.1	0.2	0.1	0.1	0.2	0.2	0.1	0.1
Net income $B	0.5	0.4	0.4	0.7	0.7	−0.2	0.4	0.4	0.6	0.3	0.3	0.4	0.4	0.4	0.3	0.3	0.3	0.2
Free cash flow $B	0.1	−0.3	0.1	−0.1	−1.0	0.1	0.0	0.4	−0.0	−0.0	0.3	0.2	−0.4	−0.1	−0.4	−0.1	−0.2	1.8
EPS, diluted $	2.32	2.19	2.07	3.32	3.68	−0.87	2.16	2.12	3.10	1.69	1.36	1.98	1.94	1.79	1.73	2.99	2.66	2.49
Dividend / sh $	1.69	1.68	1.66	1.65	1.62	1.58	1.50	1.40	1.27	1.16	1.05	0.95	0.85	0.80	0.76	1.46	1.43	1.40
Payout %	73	77	80	49	44	−181	69	64	40	67	75	47	43	44	43	48	53	55
ROE %	9.8	9.6	9.3	15.7	19.2	−4.5	10.6	10.8	17.0	10.0	8.3	12.6	13.4	13.3	14.1	13.6	12.7	·
Shares out B	0.21	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.10	0.10	0.00	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 75 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityElectric Services

Listed onNYSE

Incorporated inOklahoma

Fiscal year endsDecember 31

Data on record since2008