OGE ENERGY CORP.

For the period ended Mar 31, 2026. Filed Apr 29, 2026.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed Apr 29, 2026

OGE$50.94+0.6%Stored close · as of Nov 10, 2026

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Contents

Oklahoma Gas and Electric Company Condensed Financial Statements

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

	Three Months Ended
	March 31,
(In millions)	2026	2025
OPERATING REVENUES
Revenues from contracts with customers	$736.7	$741.1
Other revenues	15.9	6.6
Operating revenues	752.6	747.7
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE	336.7	324.0
OPERATING EXPENSES
Other operation and maintenance	136.8	121.8
Depreciation and amortization	136.4	137.4
Taxes other than income	29.9	31.2
Operating expenses	303.1	290.4
OPERATING INCOME	112.8	133.3
OTHER INCOME (EXPENSE)
Allowance for equity funds used during construction	7.5	7.0
Other net periodic benefit expense	(2.5)	(2.5)
Other income	2.7	5.3
Other expense	(0.8)	(0.9)
Net other income	6.9	8.9
INTEREST EXPENSE
Interest on long-term debt	60.6	55.6
Allowance for borrowed funds used during construction	(3.6)	(4.5)
Interest on short-term debt and other interest charges	(7.0)	5.7
Interest expense	50.0	56.8
INCOME BEFORE TAXES	69.7	85.4
INCOME TAX EXPENSE	11.8	14.4
NET INCOME	$57.9	$71.0
Other comprehensive income, net of tax	—	—
COMPREHENSIVE INCOME	$57.9	$71.0

CONDENSED STATEMENTS OF CASH FLOWS

	Three Months Ended March 31,
(In millions)	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$57.9	$71.0
Adjustments to reconcile net income to net cash provided from operating activities:
Depreciation and amortization	136.4	137.4
Deferred income taxes and other tax credits, net	7.5	0.3
Allowance for equity funds used during construction	(7.5)	(7.0)
Stock-based compensation expense	3.8	3.0
Regulatory assets	(6.1)	(9.5)
Regulatory liabilities	0.2	0.2
Other assets	1.5	(3.5)
Other liabilities	(13.4)	12.2
Change in certain current assets and liabilities:
Accounts receivable and accrued unbilled revenues, net	51.1	(48.8)
Fuel, materials and supplies inventories	2.4	13.0
Fuel recoveries	28.2	(59.7)
Other current assets	(5.4)	5.2
Accounts payable	(45.2)	(43.3)
Income taxes payable - parent	4.2	14.0
Other current liabilities	(28.0)	(37.8)
Net cash provided from operating activities	187.6	46.7
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures (less allowance for equity funds used during construction)	(266.8)	(249.5)
Cost of removal	(17.3)	(13.9)
Net cash used in investing activities	(284.1)	(263.4)
CASH FLOWS FROM FINANCING ACTIVITIES
Changes in advances with parent	97.1	286.8
Proceeds from long-term debt	(0.6)	(0.1)
Payment of long-term debt	—	(32.4)
Increase in short-term debt	—	17.0
Increase in long-term borrowings under revolver	—	100.0
Dividends paid on common stock	—	(130.0)
Net cash provided from financing activities	96.5	241.3
NET CHANGE IN CASH AND CASH EQUIVALENTS	—	24.6
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	0.2	0.2
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$0.2	$24.8

CONDENSED BALANCE SHEETS

	March 31,	December 31,
(In millions)	2026	2025
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$0.2	$0.2
Accounts receivable, less reserve of $4.4 and $4.1, respectively	304.4	347.2
Accrued unbilled revenues	67.9	76.2
Advances to parent	—	78.3
Fuel inventories	108.8	112.0
Materials and supplies, at average cost	212.9	212.7
Other	76.9	71.5
Total current assets	771.1	898.1
OTHER PROPERTY AND INVESTMENTS	3.6	4.1
PROPERTY, PLANT AND EQUIPMENT
In service	17,403.5	17,196.9
Construction work in progress	744.3	744.9
Total property, plant and equipment	18,147.8	17,941.8
Less: accumulated depreciation	5,243.1	5,217.5
Net property, plant and equipment	12,904.7	12,724.3
DEFERRED CHARGES AND OTHER ASSETS
Regulatory assets	555.9	557.2
Other	66.4	93.8
Total deferred charges and other assets	622.3	651.0
TOTAL ASSETS	$14,301.7	$14,277.5

CONDENSED BALANCE SHEETS (Continued)

	March 31,	December 31,
(In millions)	2026	2025
LIABILITIES AND STOCKHOLDER'S EQUITY
CURRENT LIABILITIES
Accounts payable	$281.8	$348.7
Advances from parent	23.0	—
Customer deposits	125.3	127.2
Accrued taxes	32.1	52.3
Accrued interest	75.4	66.4
Accrued compensation	33.4	54.3
Fuel clause over recoveries	55.3	27.1
Other	39.5	33.5
Total current liabilities	665.8	709.5
LONG-TERM DEBT	4,961.9	4,961.7
DEFERRED CREDITS AND OTHER LIABILITIES
Accrued benefit obligations	86.4	93.2
Deferred income taxes	1,552.9	1,531.3
Deferred investment tax credits	9.6	9.8
Regulatory liabilities	941.9	957.1
Other	281.3	274.7
Total deferred credits and other liabilities	2,872.1	2,866.1
Total liabilities	8,499.8	8,537.3
COMMITMENTS AND CONTINGENCIES (NOTE 12)
STOCKHOLDER'S EQUITY
Common stockholder's equity	1,757.3	1,753.5
Retained earnings	4,044.6	3,986.7
Total stockholder's equity	5,801.9	5,740.2
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	$14,301.7	$14,277.5

CONDENSED STATEMENTS OF CHANGES IN STOCKHOLDER'S EQUITY

	Common Stock
(In millions)	Shares	Value	Premium on Common Stock	Retained Earnings	Total
Balance at December 31, 2025	40.4	$100.9	$1,652.6	$3,986.7	$5,740.2
Net income	—	—	—	57.9	57.9
Stock-based compensation	—	—	3.8	—	3.8
Balance at March 31, 2026	40.4	$100.9	$1,656.4	$4,044.6	$5,801.9
Balance at December 31, 2024	40.4	$100.9	$1,488.6	$3,736.9	$5,326.4
Net income	—	—	—	71.0	71.0
Stock-based compensation	—	—	3.0	—	3.0
Balance at March 31, 2025	40.4	$100.9	$1,491.6	$3,807.9	$5,400.4

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