Analyst Ratings

Date	Action	Analyst	Rating	Target
Apr-27-26	Upgrade	Wells Fargo	Underweight → Equal Weight	$41 → $47
Feb-19-26	Reiterated	Mizuho Securities		$46 → $49
Feb-19-26	Reiterated	Wells Fargo	Underweight	$39 → $41
Jan-22-26	Reiterated	Barclays	Overweight	$51 → $49
Jan-20-26	Downgrade	Wells Fargo	Equal Weight → Underweight	$45 → $39
Jan-13-26	Initiated	BMO Capital	Market Perform	$45
Dec-17-25	Reiterated	UBS	Neutral	$47 → $44
Oct-29-25	Reiterated	Mizuho Securities		$45 → $47
Oct-27-25	Initiated	Wells Fargo	Equal Weight	$40 → $45
Oct-27-25	Initiated	RBC Capital	Sector Perform	$51

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	3,266	3,260	2,985	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	1,671	1,820	1,591
Gross Profit	1,593	1,440	1,395
Selling, General and Administrative Excl. Other	139	0	0
Research and Development	0	0	0
Other Operating Expense	675	641	649
Operating Income	779	799	745
Interest Expense	200	270	255
Unusual Expense	—	—	—
Non-Operating Income (Expense)	33	-31	-30
Net Income Before Taxes	547	561	521
Income Taxes	89	90	79
Consolidated Net Income	458	471	442
Net Income From Continuing Operations	458	471	442
Net Income	458	471	442
EPS (Recurring)	2.26	2.33	2.20
EPS (Basic, Before Extraordinaries)	2.26	2.33	2.20
EPS (Diluted)	2.25	2.32	2.19
EBITDA	1,306	1,391	1,315
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	21.02	18.41	—
Price To Sales Ratio	2.98	2.65	—
Gross Margin	48.78	44.17	46.73
Operating Margin	23.85	24.51	24.96
Net Margin	14.02	14.45	14.81
Shares Outstanding	206	202	201
Market Capitalization	9,744	8,625	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
SULTEMEIER WILLIAM H	GC, Corp. Sec, CCO	May 21 '26	Sale	47.97	7,345	352,340	74,497	May 22 12:00 AM
Stafford Sarah R.	Controller and CAO	Feb 24 '26	Sale	47.77	6,130	292,803	28,559	Feb 26 12:00 AM
Ganske Lyle G.	Director	Feb 23 '26	Buy	47.99	10,420	500,067	10,420	Feb 24 12:00 AM
PARKER DAVID A	VP- Tech, Data, Security-OG&E	Aug 04 '25	Sale	45.97	3,300	151,705	19,411	Aug 06 12:00 AM
Jones Donnie O.	VP- Utility Operations (OG&E)	May 28 '25	Sale	44.06	11,351	500,170	43,932	May 29 12:00 AM
BOZICH FRANK A	Director	May 21 '25	Buy	44.69	1,000	44,685	16,186	May 21 12:00 AM
SULTEMEIER WILLIAM H	GC, Corp. Sec & CCO	May 06 '25	Sale	45.54	6,650	302,841	72,548	May 06 12:00 AM
McQuistion Cristina F	VP- Corp. Resp.& Stewardship	Nov 13 '24	Sale	42.84	5,008	214,522	20,918	Nov 14 12:00 AM
McQuistion Cristina F	VP- Corp. Resp.& Stewardship	Mar 06 '24	Sale	33.92	4,187	142,006	25,926	Mar 08 12:00 AM
HAUSER DAVID L	Director	Mar 14 '23	Buy	35.09	1,000	35,089	3,000	Mar 15 12:00 AM
Gates Cathy R.	Director	Mar 06 '23	Buy	35.85	100	3,585	100	Mar 07 12:00 AM
RAINBOLT DAVID E	Director	Feb 27 '23	Buy	36.65	5,000	183,235	15,000	Mar 01 12:00 AM
McQuistion Cristina F	VP- Corp. Resp./Stewardship	Nov 11 '22	Sale	38.23	3,067	117,257	22,485	Nov 15 12:00 AM
Horn Patricia D	VP-Governance & Corp Sec	Mar 28 '22	Sale	39.95	4,015	160,399	27,875	Mar 30 12:00 AM
McQuistion Cristina F	VP- Corp Resp & Stewardship	Mar 08 '22	Sale	39.41	2,200	86,703	25,552	Mar 10 12:00 AM


Market Cap	9.77B	Forward P/E	18.14	EPS next Y	2.61	Insider Trans	-0.00%	Shs Float	-	Perf Month	-1.56%


Enterprise Value	15.63B	PEG	-	EPS next Q	0.58	Inst Own	-	Short Float	-	Perf Quarter	-0.15%


Income	458.20M	P/S	2.99	EPS this Y	7.99%	Inst Trans	-	Short Ratio	-	Perf Half Y	9.82%


Sales	3.27B	P/B	1.98	EPS next Y	7.32%	ROA	3.17%	Short Interest	-	Perf YTD	10.77%


Book/sh	23.93	P/C	7.53	EPS next 5Y	7.76%	ROE	9.47%	52W High	50.13 -5.65%	Perf Year	7.74%


Cash/sh	0.00	P/FCF	9.99	EPS past 3/5Y	-	ROIC	4.75%	52W Low	41.70 13.43%	Perf 3Y	-


Dividend Est.	1.70 (3.59%)	EV/EBITDA	11.97	Sales past 3/5Y	-1.16% 8.97%	Gross Margin	48.81%	Volatility	1.08% 1.17%	Perf 5Y	-


Dividend TTM	1.70 (3.59%)	EV/Sales	4.79	EPS Y/Y TTM	2.28%	Oper. Margin	23.87%	ATR (14)	0.86	Perf 10Y	-


Dividend Ex-Date	Jul 06, 2026	Quick Ratio	0.40	Sales Y/Y TTM	9.41%	Profit Margin	14.03%	RSI (14)	48.64	Recom	2.67


Dividend Gr. 3/5Y	0.90% 1.53%	Current Ratio	0.66	EPS Q/Q	-22.58%	SMA20	-0.26%	Beta	0.06	Target Price	47.50


Payout	75.16%	Debt/Eq	1.19	Sales Q/Q	0.67%	SMA50	-0.72%	Rel Volume	1.43	Prev Close	47.34


Employees	2,291	LT Debt/Eq	1.08	Earnings	Jul 29	SMA200	3.26%	Avg Volume	1.45M	Price	47.30


IPO Date	Sep 27, 1950	Option/Short	Yes / Yes	EPS/Sales Surpr.	0.00% 22.24%	Net Debt/EBITDA	4.49	Volume	2,073,156	Change	-0.08%

OGE