OGE's fundamental outlook rests on sustained capital spending of roughly $244M to $323M per quarter that appears to drive rate base growth, with net PP&E rising from $11.8B in 2024Q2 to $13.2B in 2026Q3, roughly 12%.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue rose 13.2% year over year to about $1.2B in 2026Q3 while operating margin swung from 15.0% in 2026Q1 to 36.2% in 2026Q3, suggesting seasonal demand absorbing a largely fixed cost base rather than a structural margin shift.
OGE is experiencing strong customer growth, projected to be around 1% annually, coupled with significant weather-normalized load growth, estimated at 4-6% for 2026. This growth is fueled by strong local economies and increasing electrification trends.
The company is capitalizing on opportunities with large industrial clients and data centers, including a recent 1 GW contract with a data center customer. This is a significant driver for future revenue and load expansion.
OGE is making substantial investments in generation and transmission infrastructure. This includes projects like the Frontier Energy Storage Project, new generation at Tinker Air Force Base, and significant transmission assignments, addressing a projected 1.9 gigawatts of capacity needs by 2031.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 27, 2026 | $1.52+11.8% vs $1.36 | $1.2B+5.5% vs $1.1B |
Q3 2026 Jul 29, 2026 | $0.56+1.1% vs $0.55 | $712M-9.0% vs $783M |
Q2 2026 Apr 29, 2026 | $0.24+0.0% vs $0.24 | $753M+22.2% vs $616M |
Q1 2026 Feb 18, 2026 | $0.33+10.0% vs $0.30 | $726M+27.2% vs $571M |
Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Exelon (EXC) and OGE Energy (OGE). But which of these two stocks is more attractive to value investors?
OGE Energy NYSE: OGE reported third-quarter 2026 consolidated net income of approximately $316 million, or $1.52 per diluted share, compared with $231 million, or $1.14 per share, a year earlier, as unusually hot weather lifted electricity demand across its service territory.
U.S. wind power capacity is set to reach 179.1 GW by 2027. Clearway Energy, Consolidated Edison, OGE Energy and MGE Energy offer promising growth opportunities.
OGE Energy Corp. (OGE) Q3 2026 Earnings Call Transcript
Benchmark OGE against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for OGE Energy Corp. (OGE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $50.64 | $10.46B | 18.81 | 9.21% | 16.61% | 11.14% | 3.33% | |
| $87.54 | $20.18B | 19.49 | 1.65% | 16.7% | 10.18% | 3% | |
| $82.73 | $5.09B | 31.20 | 6.38% | 9.48% | 5.66% | 3.18% | |
| $40.23 | $3.32B | 13.65 | 1.34% | 12.75% | 8.87% | 4.88% | |
| $78.44 | $3.29B | 18.77 | -1.99% | 13.45% | 9.33% | 2.67% | |
| $146.55 | $8.12B | 22.96 | -0.75% | 19.86% | 9.92% | 2.35% |
OGE Energy Corp. (OGE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
OGE Energy Corp. (OGE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 28, 2026·SEC
Oct 28, 2026·SEC
Oct 8, 2026·SEC
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OGE Energy Corp. (OGE) stock FAQ — growth, dividends, profitability & financials explained
OGE Energy Corp. (OGE) reported $3.37B in revenue over the trailing twelve months. Revenue was $3.26B in fiscal year 2025. That is 135% more than the $1.39B of fiscal year 1996.
OGE Energy Corp. (OGE) grew revenue by 2.4% over the trailing twelve months, compared with the twelve months before.
Yes. OGE Energy Corp. (OGE) earned $560.4M in net income over the trailing twelve months (a 16.6% net margin).
Yes. OGE Energy Corp. (OGE) pays a dividend that yields 3.33% at the current price, a moderate yield.
OGE Energy Corp. (OGE) had a return on equity (ROE) of 11.1% over the trailing twelve months. That is in line with the market's typical 10-15%.
OGE Energy Corp. (OGE) generated $391.8M in free cash flow over the trailing twelve months.
OGE Energy Corp. (OGE) has a dividend payout ratio of 73%. The dividend is reasonably covered.
