Oklahoma Gas & Electric Co

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OG&E generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. OG&E furnishes retail electric service in 267 communities and their contiguous rural and suburban areas. The service area covers 30,000 square miles in Oklahoma and western Arkansas including Oklahoma City, the largest city in Oklahoma, and Fort Smith, Arkansas, the second largest city in that state. Of the 267 communities that OG&E serves, 241 are located in Oklahoma, and 26 are in Arkansas. OG&E derived 92 percent of its total electric operating revenues in 2018 from sales in Oklahoma and the remainder from sales in Arkansas. OG&E does not currently serve wholesale customers in either state.

Company profile

Incorporated in

Location

Fiscal year end

Industry (SEC)

FirstEnergy • Southern California Edison • Edison International • NRG Energy • NextEra Energy • Calpine • Pinnacle West Capital • Avangrid • Wisconsin Electric Power • Puget Energy ...

SEC CIK

0000074145

Corporate docs

Articles of Incorporation & Bylaws

Company financial data Financial data

Chart financial data

Download latest Excel data (2019 Q2) View latest Excel data (2019 Q2)

Quarter (USD)	Jun 19	Mar 19	Dec 18	Sep 18
Revenue	513.7M	490M	511.8M	698.8M
Net income	74.5M	19.6M	20.8M	183.9M
Net profit margin	14.50%	4.00%	4.06%	26.32%
Operating income	110.6M	50.3M	58.5M	230.3M
Net change in cash	NaN	NaN	NaN	NaN
Cash on hand	NaN	0	NaN	0
Cost of revenue	178.7M	212.6M	228.9M	244.4M

Annual (USD)	Dec 18	Dec 17	Dec 16	Dec 15
Revenue	2.27B	2.26B	2.26B
Net income	328M	305.5M	284.1M	268.9M
Net profit margin	14.45%	13.51%	12.58%
Operating income	494.2M	528M	527.5M	516.4M
Net change in cash	NaN	NaN	0	0
Cash on hand	NaN	NaN	0	0
Cost of revenue	892.5M	897.6M	880.1M

Financial data from company earnings reports

Financial report summary

Management Discussion

OG&E's net income decreased $17.5 million, or 19.0 percent, and $29.2 million, or 23.7 percent, during the three and six months ended June 30, 2019, respectively, as compared to the same periods in 2018. The decrease during the three months ended June 30, 2019 was primarily due to lower gross margin, higher depreciation and amortization expense and higher other operation and maintenance expense, partially offset by lower income tax expense and lower interest expense. The decrease during the six months ended June 30, 2019 was primarily due to lower gross margin, lower allowance for equity funds used during construction, higher other operation and maintenance expense and higher depreciation and amortization expense, partially offset by lower interest expense, lower other net periodic benefit expense and lower income tax expense.

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From filing 10-Q 2019 Q2