OGE Energy's regulated electric utility is executing a robust capital expenditure program, with net PPE expanding 12% from $11.6B in 2024Q1 to $13.0B in 2026Q2, supporting rate base growth and a 9.2% revenue increase in 2025Q2. However, earned ROE trails autho...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth of 9.2% year-over-year in 2025Q2 reflects rate base expansion, yet operating margins averaged 24.5% over the last four quarters, indicating earned returns below authorized levels and regulatory lag.
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 9/23/2026, 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) |
|---|---|---|
Q3 2026Latest 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 |
Q4 2025 Oct 29, 2025 | $1.14-1.7% vs $1.16 | $1.0B+276.2% vs $278M |
Engineers Gate Manager LP decreased its stake in OGE Energy Corporation (NYSE: OGE) by 87.7% in the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,058 shares of the utilities provider's stock after selling 379,228 shares during the period. Engineers Gate
California State Teachers Retirement System grew its holdings in shares of OGE Energy Corporation (NYSE: OGE) by 4,758.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,614,315 shares of the utilities provider's stock after buying an additional 11,375,283 shares
Greenland Capital Management LP raised its stake in shares of OGE Energy Corporation (NYSE: OGE) by 187.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,700 shares of the utilities provider's stock after purchasing an additional 48,700 shares during the quarter.
Investors interested in Utility - Electric Power stocks are likely familiar with RWE AG (RWEOY) and OGE Energy (OGE). But which of these two stocks is more attractive to value investors?
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 |
|---|---|---|---|---|---|---|---|
| $45.11 | $9.32B | 19.44 | 9.21% | 14.44% | 9.79% | 3.74% | |
| $79.27 | $18.27B | 21.66 | 1.65% | 15.26% | 9.01% | — | |
| $69.87 | $4.3B | 23.77 | 6.38% | 10.13% | 5.92% | — | |
| $36.00 | $2.97B | 15.13 | 1.34% | 11.83% | 8.29% | — | |
| $90.23 | $3.79B | 13.78 | -1.99% | 14.83% | 10.43% | — | |
| $130.33 | $7.22B | 22.09 | -0.75% | 18.8% | 9.34% | — |
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)
Aug 3, 2026·SEC
Jul 29, 2026·SEC
Jun 15, 2026·SEC
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OGE Energy Corp. (OGE) stock FAQ — growth, dividends, profitability & financials explained
OGE Energy Corp. (OGE) reported $3.24B in revenue for fiscal year 2025. This represents a 133% increase from $1.39B in 1996.
OGE Energy Corp. (OGE) grew revenue by 9.2% over the past year. This is steady growth.
Yes, OGE Energy Corp. (OGE) is profitable, generating $470.8M in net income for fiscal year 2025 (14.4% net margin).
Yes, OGE Energy Corp. (OGE) pays a dividend with a yield of 3.74%. This makes it attractive for income-focused investors.
OGE Energy Corp. (OGE) has a return on equity (ROE) of 9.8%. This is below average, suggesting room for improvement.
OGE Energy Corp. (OGE) generated $1.21B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
OGE Energy Corp. (OGE) has a dividend payout ratio of 73%. The dividend is reasonably covered.
