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OGE Energy Corporation

OGE Energy Corp. generates, transmits, distributes, and sells electric energy in the United States through its subsidiaries. It owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets. The company provides retail electric services to approximately 913,000 customers across a service area of about 30,000 square miles, and also offers bill payment and electric construction services for residential and business sectors. Founded in 1902, OGE Energy Corp. is based in Oklahoma City, Oklahoma.

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Energy Transition & Power Demand▲

OGE Energy Corp Reports Q2 2026 Earnings of $0.56 Per Share and Reaffirms Guidance

OGE Energy Corp reported consolidated second-quarter 2026 earnings of $0.56 per share, up from $0.53 a year earlier, and reaffirmed its full-year earnings guidance range of $2.38 to $2.48 per share. Consolidated net income was approximately $116 million, with the electric company contributing about $120 million, or $0.58 per diluted share, while the holding company posted a loss of roughly $4 million, or $0.02 per diluted share. The company saw steady customer growth of about 1% and set an all-time peak demand record exceeding 6,800 megawatts, surpassing the prior record by 180 megawatts. OGE Energy also highlighted progress on regulatory filings including a special contract with Google and an Oklahoma large load tariff, and plans to add 550 megawatts of capacity in 2026 and another 300 megawatts in 2027. The company has completed all planned 2026 financing and is targeting a funds from operations to debt ratio of approximately 17% over the planning horizon.
About megatrends
Energy Transition & Power Demand › Nuclear Generation & Utilities ▲Demand
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Pricing
OGE · Capital · Positive Reported higher Q2 earnings per share of $0.56 vs $0.53 a year ago and reaffirmed full-year guidance.
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OGE▼

PG&E Outshines OGE Energy as the Better Value Stock

PG&E holds a stronger value proposition than OGE Energy based on key valuation metrics and an improving earnings outlook. PG&E currently has a forward P/E ratio of 9.99 compared to OGE's 19.52, a PEG ratio of 0.63 versus 3.50, and a price-to-book ratio of 1.38 against OGE's 1.98. These metrics contribute to PG&E earning a Value grade of A, while OGE receives a C. Additionally, PG&E carries a Zacks Rank of #2 (Buy), reflecting positive earnings estimate revisions, whereas OGE is ranked #3 (Hold).
PCG · Capital · Positive PG&E has lower valuation ratios (P/E, PEG, P/B) and a Zacks Rank #2 (Buy), indicating a stronger value proposition and positive earnings revisions.
OGE · Capital · Negative OGE Energy has higher valuation multiples and a Zacks Rank #3 (Hold), making it less attractive as a value stock compared to PG&E.
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Zacks Investment Research·104dRead more →