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Introduction OGE Energy is a holding company whose primary investment provides electricity in Oklahoma and western Arkansas. OGE Energy's electric company operations are conducted through its wholly-owned subsidiary, OG&E, which generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas and are reported through OGE Energy's electric company business segment.
24.52% operating margin is above average. ROIC at 6.81%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 9.2%, steady but not accelerating.
Net debt of $5.66B represents 68.5x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$3.27B
▲ +9.2% YoY
Net Income (TTM)
$458M
▲ +6.6% YoY
Op. Margin
23.87%
▼ -0.4pp YoY
ROIC
6.48%
Cash Flow & Balance Sheet
FCF (TTM)
$225M
▲ +129.7% YoY
Op. Cash Flow (TTM)
$1.30B
▲ +39.9% YoY
Net Debt
$5.86B
Cash & Equiv.
$200K
5Y CAGR: +9.0%
5Y CAGR: +5.8%
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