AI-extracted from the 10-Q filed 2026-07-29 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
OGE Energy's Q2 FY2026 net income rose 8% YoY to $116.3M ($0.56 diluted EPS) even as operating revenue fell 4% to $711.9M, with PISA expense deferrals and lower pass-through fuel costs offsetting higher O&M.
Biggest Revenue Drivers
System sales revenues$644.8M-3.0% YoY
Lower recoverable fuel/purchased power costs passed through to customers, partly offset by favorable price variance and higher cooling-driven weather demand.
Integrated market$27.4M+4.2% YoY
Biggest Revenue Drivers
Total revenue: $711.9M-4.0% YoY
System sales revenues$644.8M-3.0% YoY
Lower recoverable fuel/purchased power costs passed through to customers, partly offset by favorable price variance and higher cooling-driven weather demand.
Integrated market$27.4M+4.2% YoY
Other$9.2M+9.5% YoY
Largest Expense Items
Fuel, purchased power and direct transmission expense$217.7M-16.6% YoY
Purchases from SPP decreased primarily due to lower market prices.
Other operation and maintenance$138.7M+9.7% YoY
Increase in contract technical and construction services, vegetation management activities, and payroll/benefits net of capitalized labor.
Depreciation and amortization$138.1M-1.8% YoY
Deferral of $12.0M of allowable depreciation/amortization expense to a regulatory asset under Oklahoma PISA, partly offset by additional assets placed into service.
Margins: Operating income rose 2.7% to $191.6M despite the revenue decline, as pass-through fuel cost reductions and PISA-related deferral of interest and depreciation expense offset higher O&M spending on construction services and vegetation management.
Watch Items from the Filing
FERC ordered SPP to invoice OG&E by August 17, 2026 for an Attachment Z2 refund of approximately $14 million plus interest, which the company has reserved for.
OG&E estimates compliance costs for the EPA's Good Neighbor FIP could range from $2.4 billion to $2.8 billion, with $100-300 million in the first 12-18 months, pending unresolved litigation.
OG&E filed for approval of a special large-load contract with Google (including two solar CPAs) and a new XLPL tariff for extra-large-load customers (75 MW+), both pending regulatory decisions in Sept/Nov 2026.
2026 IRP identifies capacity needs of 1,922 MWs by the 2031/2032 winter season, about 800 MWs driven by changed SPP resource adequacy policies, requiring continued capital investment approvals.
OG&E is a defendant in a lawsuit seeking in excess of $60.0 million in damages related to a 2023 apartment construction fire; outcome and loss range cannot currently be estimated.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
3 transactions in OGE reported by 2 members of Congress under the STOCK Act, most recent trade Sep 11, 2025. Reported transactions, not recommendations.
About OGE ENERGY CORP. (OGE): stock profile, AI score and financials
OGE ENERGY CORP. (OGE) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores OGE at 63.8/100 on a composite quality score built from its SEC filings, placing it at rank #583 of 2,925 stocks — the top 25% of the AI-ranked universe. OGE scores in the top quartile across earnings quality (77.9). Based on the latest XBRL financial filings (Q2 2026), OGE ENERGY CORP. reports quarterly revenue of $711.9M, net income of $116.3M, an operating margin of 26.9%. Top institutional holders of OGE by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. OGE trades on the NYSE exchange and files with the SEC under CIK 1021635. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate OGE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for OGE ENERGY CORP. directly from SEC EDGAR.