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Report of Business Segments (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Summary of OGE Energy's Business Segments The following tables, which include significant segment expenses, present the results of OGE Energy's business segments for the three and six months ended June 30, 2025 and 2024.

 

Three Months Ended June 30, 2025

 

Electric Company

 

 

Other
Operations

 

 

Eliminations

 

 

Total

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

741.6

 

 

$

 

 

$

 

 

$

741.6

 

Fuel, purchased power and direct transmission expense

 

 

261.1

 

 

 

 

 

 

 

 

 

261.1

 

Other operation and maintenance

 

 

126.3

 

 

 

0.8

 

 

 

 

 

 

127.1

 

Depreciation and amortization

 

 

140.6

 

 

 

 

 

 

 

 

 

140.6

 

Taxes other than income

 

 

26.2

 

 

 

 

 

 

 

 

 

26.2

 

Operating income (loss)

 

 

187.4

 

 

 

(0.8

)

 

 

 

 

 

186.6

 

Other income

 

 

7.0

 

 

 

9.0

 

 

 

(0.9

)

 

 

15.1

 

Interest expense

 

 

63.4

 

 

 

9.7

 

 

 

(0.9

)

 

 

72.2

 

Income tax expense (benefit)

 

 

23.3

 

 

 

(1.3

)

 

 

 

 

 

22.0

 

Net income (loss)

 

$

107.7

 

 

$

(0.2

)

 

$

 

 

$

107.5

 

Total assets

 

$

13,990.8

 

 

$

140.4

 

 

$

(42.1

)

 

$

14,089.1

 

Capital expenditures

 

$

273.7

 

 

$

 

 

$

 

 

$

273.7

 

 

Three Months Ended June 30, 2024

 

Electric Company

 

 

Other
Operations

 

 

Eliminations

 

 

Total

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

662.6

 

 

$

 

 

$

 

 

$

662.6

 

Fuel, purchased power and direct transmission expense

 

 

193.9

 

 

 

 

 

 

 

 

 

193.9

 

Other operation and maintenance

 

 

130.2

 

 

 

0.2

 

 

 

 

 

 

130.4

 

Depreciation and amortization

 

 

135.5

 

 

 

 

 

 

 

 

 

135.5

 

Taxes other than income

 

 

26.9

 

 

 

 

 

 

 

 

 

26.9

 

Operating income (loss)

 

 

176.1

 

 

 

(0.2

)

 

 

 

 

 

175.9

 

Other income

 

 

10.2

 

 

 

1.7

 

 

 

(1.4

)

 

 

10.5

 

Interest expense

 

 

54.9

 

 

 

11.4

 

 

 

(1.4

)

 

 

64.9

 

Income tax expense (benefit)

 

 

22.1

 

 

 

(2.9

)

 

 

 

 

 

19.2

 

Net income (loss)

 

$

109.3

 

 

$

(7.0

)

 

$

 

 

$

102.3

 

Total assets

 

$

13,073.1

 

 

$

323.5

 

 

$

(184.8

)

 

$

13,211.8

 

Capital expenditures

 

$

323.3

 

 

$

 

 

$

 

 

$

323.3

 

 

 

Six Months Ended June 30, 2025

 

Electric Company

 

 

Other
Operations

 

 

Eliminations

 

 

Total

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

1,489.3

 

 

$

 

 

$

 

 

$

1,489.3

 

Fuel, purchased power and direct transmission expense

 

 

585.1

 

 

 

 

 

 

 

 

 

585.1

 

Other operation and maintenance

 

 

248.1

 

 

 

0.8

 

 

 

 

 

 

248.9

 

Depreciation and amortization

 

 

278.0

 

 

 

 

 

 

 

 

 

278.0

 

Taxes other than income

 

 

57.4

 

 

 

 

 

 

 

 

 

57.4

 

Operating income (loss)

 

 

320.7

 

 

 

(0.8

)

 

 

 

 

 

319.9

 

Other income

 

 

15.9

 

 

 

10.2

 

 

 

(4.1

)

 

 

22.0

 

Interest expense

 

 

120.2

 

 

 

23.4

 

 

 

(4.1

)

 

 

139.5

 

Income tax expense (benefit)

 

 

37.7

 

 

 

(5.5

)

 

 

 

 

 

32.2

 

Net income (loss)

 

$

178.7

 

 

$

(8.5

)

 

$

 

 

$

170.2

 

Total assets

 

$

13,990.8

 

 

$

140.4

 

 

$

(42.1

)

 

$

14,089.1

 

Capital expenditures

 

$

523.2

 

 

$

 

 

$

 

 

$

523.2

 

 

Six Months Ended June 30, 2024

 

Electric Company

 

 

Other
Operations

 

 

Eliminations

 

 

Total

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

1,259.4

 

 

$

 

 

$

 

 

$

1,259.4

 

Fuel, purchased power and direct transmission expense

 

 

426.1

 

 

 

 

 

 

 

 

 

426.1

 

Other operation and maintenance

 

 

262.6

 

 

 

0.2

 

 

 

 

 

 

262.8

 

Depreciation and amortization

 

 

264.7

 

 

 

 

 

 

 

 

 

264.7

 

Taxes other than income

 

 

55.9

 

 

 

 

 

 

 

 

 

55.9

 

Operating income (loss)

 

 

250.1

 

 

 

(0.2

)

 

 

 

 

 

249.9

 

Other income

 

 

16.8

 

 

 

3.2

 

 

 

(3.1

)

 

 

16.9

 

Interest expense

 

 

106.3

 

 

 

21.9

 

 

 

(3.1

)

 

 

125.1

 

Income tax expense (benefit)

 

 

26.1

 

 

 

(5.3

)

 

 

 

 

 

20.8

 

Net income (loss)

 

$

134.5

 

 

$

(13.6

)

 

$

 

 

$

120.9

 

Total assets

 

$

13,073.1

 

 

$

323.5

 

 

$

(184.8

)

 

$

13,211.8

 

Capital expenditures

 

$

550.2

 

 

$

 

 

$

 

 

$

550.2