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7 May 20
5 Jun 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 431.3M 472.5M 755.4M 513.7M
Net income 19.9M 28.9M 227.2M 74.5M
Net profit margin 4.61% 6.12% 30.08% 14.50%
Operating income 57M 71.8M 275M 110.6M
Net change in cash NaN NaN NaN NaN
Cash on hand NaN NaN 13.2M NaN
Cost of revenue 135M 161.6M 234M 178.7M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 2.23B 2.27B 2.26B 2.26B
Net income 350.2M 328M 305.5M 284.1M
Net profit margin 15.69% 14.45% 13.51% 12.58%
Operating income 507.7M 494.2M 528M 527.5M
Net change in cash NaN NaN NaN NaN
Cash on hand NaN NaN NaN NaN
Cost of revenue 786.9M 892.5M 897.6M 880.1M

Financial data from company earnings reports

Financial report summary

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Risks
  • OG&E's profitability depends to a large extent on the ability to fully recover its costs from its customers in a timely manner, and there may be changes in the regulatory environment that impair its ability to recover costs from its customers.
  • OG&E's rates are subject to rate regulation by the states of Oklahoma and Arkansas, as well as by a federal agency, whose regulatory paradigms and goals may not be consistent.
  • Costs of compliance with environmental laws and regulations are significant, and the cost of compliance with future environmental laws and regulations may adversely affect our results of operations, financial position or liquidity.
  • We may not be able to recover the costs of our substantial investments in capital improvements and additions.
  • Increased competition resulting from restructuring efforts could have a significant financial impact on OG&E and consequently impact our revenue.
  • Events that are beyond our control have increased the level of public and regulatory scrutiny of our industry. Governmental and market reactions to these events may have negative impacts on our business, financial position, results of operations, cash flows and access to capital.
  • We are subject to substantial utility and energy regulation by governmental agencies. Compliance with current and future utility and energy regulatory requirements and procurement of necessary approvals, permits and certifications may result in significant costs to us.
  • Our results of operations may be impacted by disruptions beyond our control.
  • OG&E's electric generation, transmission and distribution assets are subject to operational risks that could result in unscheduled plant outages, unanticipated operation and maintenance expenses, increased purchase power costs, accidents and third-party liability.
  • Changes in technology, regulatory policies and customer electricity consumption may cause our assets to be less competitive and impact our results of operations.
  • Economic conditions could negatively impact our business and our results of operations.
  • We are subject to cybersecurity risks and increased reliance on processes automated by technology.
  • Terrorist attacks, and the threat of terrorist attacks, have resulted in increased costs to our business. Continued hostilities or sustained military campaigns may adversely impact our financial position, results of operations and cash flows.
  • Weather conditions such as tornadoes, thunderstorms, ice storms, wind storms, flooding, earthquakes, prolonged droughts and the occurrence of wildfires, as well as seasonal temperature variations may adversely affect our financial position, results of operations and cash flows.
  • Market performance, increased retirements, changes in retirement plan regulations and increasing costs associated with our Pension Plan, health care plans and other employee-related benefits may adversely affect our financial position, results of operations or cash flows.
  • We face certain human resource risks associated with the availability of trained and qualified labor to meet our future staffing requirements.
  • We may be able to incur substantially more indebtedness, which may increase the risks created by our indebtedness.
  • Any reductions in our credit ratings or changes in benchmark interest rates could increase our financing costs and the cost of maintaining certain contractual relationships or limit our ability to obtain financing on favorable terms.
  • Our debt levels may limit our flexibility in obtaining additional financing and in pursuing other business opportunities.
  • We are exposed to the credit risk of our key customers and counterparties, and any material nonpayment or nonperformance by our key customers and counterparties could adversely affect our financial position, results of operations and cash flows.
Management Discussion
  • (A)Degree days are calculated as follows: The high and low degrees of a particular day are added together and then averaged. If the calculated average is above 65 degrees, then the difference between the calculated average and 65 is expressed as cooling degree days, with each degree of difference equaling one cooling degree day. If the calculated average is below 65 degrees, then the difference between the calculated average and 65 is expressed as heating degree days, with each degree of difference equaling one heating degree day. The daily calculations are then totaled for the particular reporting period.
  • OG&E's net income increased $0.3 million, or 1.5 percent, during the three months ended March 31, 2020 as compared to the same period in 2019. Primary drivers for this increase in net income are further discussed below.
  • Gross margin increased $18.9 million, or 6.8 percent, during the three months ended March 31, 2020 as compared to the same period in 2019, primarily due to the below factors.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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