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OGE Energy Corp.
🏹 Trader: 🎯 Near 52W High View all →
$9.2B
Market Cap
18.3
P/E
2.82
PEG
6.5%
ROCE
9.8%
ROE
1.14
D/E
24.5%
OPM
-6.8%
% from 52W High
46
α RS
🔍 OGE is showing an earnings-catalyst setup because an ECS of 70.1 last quarter, Sector RRG has Utilities in the Improving quadrant with the trail still rolling over, and it's within 6.8% of its 52-week high. Net: Broad signal stack, not a recommendation. ? ECS RRG 52W High
Sources
ECS 70.1 · Utilities in Improving quadrant · 6.8% from 52W high
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🌏 Global Investor Returns
Currency-adjusted total returns for OGE including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

OGE Energy Corp., through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding OGE
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 1.02M $48.8M 0.06% Mar 2026
Jim Simons Renaissance Technologies LLC 337.3K $16.2M 0.03% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →
📊 MIXED OGE Q1 2026 EPS $0.24; Google data center contracts filed
Revenue & Profitability
Consolidated net income for Q1 2026 was about $50 million ($0.24 per diluted share) compared to $63 million ($0.31) in Q1 2025. The electric utility contributed net income of $58 million ($0.28), while the holding company reported an $8 million loss ($0.04). The decrease was driven by mild weather and timing of O&M, partially offset by lower depreciation and interest expense. Management affirmed full-year 2026 consolidated earnings guidance of $2.43 per share (range $2.38-$2.48).
Outlook
Management views the demand environment as healthy, with strong local economies and continued interest from large-load customers like data centers. They expect to maintain rate affordability while investing in generation and transmission to support growth. Competitive dynamics remain favorable, and the company has not seen price escalation experienced in other markets.
Growth Drivers
Key growth levers include serving previously announced Google data centers in Muskogee and Stillwater, with long-term contracts that include minimum charges and full cost-of-connection payments. The company is adding 1.7 GW of capacity through new builds (98 MW Tinker plant, 450 MW CTs at Horseshoe Lake, two additional 450 MW units), a 300 MW Frontier energy storage project, and 600 MW of nameplate solar capacity agreements. Additionally, SPP transmission projects and a standalone large load tariff are expected to provide further growth.
Balance Sheet & CapEx
In Q1 2026, OGE commissioned the 98 MW Tinker power plant and expects 450 MW of new CTs at Horseshoe Lake in Q4, while breaking ground on two more 450 MW units. The 300 MW Frontier Energy Storage Project is advancing, with pre-approval expected in August. Management will accept notices to construct for SPP transmission projects in October. Financing for 2026 is complete, and the company maintains flexibility on approximately 4.6 million shares in forward equity agreements.
Margins
Not discussed in this earnings call.
Key Risks
Management acknowledged that mild Q1 weather and timing of O&M expenses impacted quarterly results. Temporary outages at a few large customers may affect load. The company faces regulatory approval risks for new projects, including the Google contracts, generation RFP outcomes, and transmission projects. Financing needs for incremental capital could depend on market conditions and regulatory approvals.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-29
Q2 2026 earnings rose to $0.56 per share, driven by strong demand, favorable weather, and lower expenses. Regulatory filings and infrastructure investments are advancing, with guidance reaffirmed at $2.38–$2.48 per share for 2026. Customer growth and large load negotiations remain robust.
Q1 2026 Q1 2026 2026-04-29
Q1 2026 earnings declined year-over-year due to mild weather, but full-year guidance and long-term growth outlook remain strong, supported by new Google contracts, major generation projects, and a stable regulatory environment.
Q4 2025 Q4 2025 2026-02-18
Reported strong 2025 results with $2.32 EPS and 7% weather-normalized load growth. 2026 guidance targets $2.43 EPS, with major investments in generation and transmission, including a 1 GW data center contract and 1.9 GW of new capacity needs by 2031.
Q3 2025 Q3 2025 2025-10-29
Q3 results showed strong earnings growth, driven by capital investment recovery and robust load growth. Regulatory progress, new generation projects, and a major transmission line support a positive outlook, with guidance reaffirmed at the top half of the range.
Q2 2025 Q2 2025 2025-07-30
Q2 2025 net income rose to $108 million ($0.53/share), with strong customer and load growth, and the company expects to finish in the top half of its earnings guidance. Major generation and transmission projects are underway, supported by favorable legislation and robust economic conditions.
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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