OGE ENERGY CORP.

For the period ended Sep 30, 2026. Filed Oct 28, 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.

Sep 30, 2026 · Filed Oct 28, 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 · Nine Months Ended
	September 30,		September 30,
(In millions)	2026	2025	2026	2025
OPERATING REVENUES
Revenues from contracts with customers	$1,162.9	$1,028.4	$2,587.6	$2,489.2
Other revenues	19.9	16.6	59.7	45.1
Operating revenues	1,182.8	1,045.0	2,647.3	2,534.3
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE	441.2	388.5	995.6	973.6
OPERATING EXPENSES
Other operation and maintenance	137.1	143.5	412.5	391.6
Depreciation and amortization	149.2	146.7	423.7	424.7
Taxes other than income	26.8	25.2	82.5	82.6
Operating expenses	313.1	315.4	918.7	898.9
OPERATING INCOME	428.5	341.1	733.0	661.8
OTHER INCOME (EXPENSE)
Allowance for equity funds used during construction	7.4	6.3	22.2	19.3
Other net periodic benefit expense	(2.5)	(2.7)	(7.5)	(7.8)
Other income	8.4	4.2	17.5	13.6
Other expense	(0.8)	(0.5)	(2.2)	(1.9)
Net other income	12.5	7.3	30.0	23.2
INTEREST EXPENSE
Interest on long-term debt	66.0	60.6	192.5	177.0
Allowance for borrowed funds used during construction	(3.5)	(3.7)	(10.5)	(11.9)
Interest on short-term debt and other interest charges	(6.8)	(2.7)	(17.9)	9.3
Interest expense	55.7	54.2	164.1	174.4
INCOME BEFORE TAXES	385.3	294.2	598.9	510.6
INCOME TAX EXPENSE	64.4	51.3	100.0	89.0
NET INCOME	$320.9	$242.9	$498.9	$421.6
Other comprehensive income, net of tax	—	—	—	—
COMPREHENSIVE INCOME	$320.9	$242.9	$498.9	$421.6

CONDENSED STATEMENTS OF CASH FLOWS

	Nine Months Ended September 30,
(In millions)	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$498.9	$421.6
Adjustments to reconcile net income to net cash provided from operating activities:
Depreciation and amortization	423.7	424.7
Deferred income taxes and other tax credits, net	46.9	16.6
Allowance for equity funds used during construction	(22.2)	(19.3)
Stock-based compensation expense	11.8	10.1
Regulatory assets	(46.4)	(39.6)
Regulatory liabilities	2.6	0.8
Other assets	1.4	(20.0)
Other liabilities	(18.4)	21.2
Change in certain current assets and liabilities:
Accounts receivable and accrued unbilled revenues, net	(147.3)	(217.4)
Fuel, materials and supplies inventories	(21.7)	48.3
Fuel recoveries	31.9	74.9
Other current assets	23.0	10.3
Accounts payable	(47.7)	4.6
Income taxes payable - parent	52.3	13.7
Other current liabilities	113.3	50.3
Net cash provided from operating activities	902.1	800.8
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures (less allowance for equity funds used during construction)	(768.0)	(752.7)
Cost of removal	(61.8)	(52.5)
Net cash used in investing activities	(829.8)	(805.2)
CASH FLOWS FROM FINANCING ACTIVITIES
Changes in advances with parent	(290.1)	(77.4)
Proceeds from long-term debt	342.9	344.4
Payment of long-term debt	(0.1)	(32.5)
Capital contribution from OGE Energy	150.0	150.0
Dividends paid on common stock	(275.0)	(380.0)
Net cash (used in) provided from financing activities	(72.3)	4.5
NET CHANGE IN CASH AND CASH EQUIVALENTS	—	0.1
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	0.2	0.2
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$0.2	$0.3

CONDENSED BALANCE SHEETS

	September 30,	December 31,
(In millions)	2026	2025
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$0.2	$0.2
Accounts receivable, less reserve of $4.0 and $4.1, respectively	460.9	347.2
Accrued unbilled revenues	109.8	76.2
Advances to parent	316.0	78.3
Fuel inventories	82.7	112.0
Materials and supplies, at average cost	263.1	212.7
Other	64.4	71.5
Total current assets	1,297.1	898.1
OTHER PROPERTY AND INVESTMENTS	4.0	4.1
PROPERTY, PLANT AND EQUIPMENT
In service	17,892.5	17,196.9
Construction work in progress	683.9	744.9
Total property, plant and equipment	18,576.4	17,941.8
Less: accumulated depreciation	5,381.4	5,217.5
Net property, plant and equipment	13,195.0	12,724.3
DEFERRED CHARGES AND OTHER ASSETS
Regulatory assets	572.2	557.2
Other	68.8	93.8
Total deferred charges and other assets	641.0	651.0
TOTAL ASSETS	$15,137.1	$14,277.5

CONDENSED BALANCE SHEETS (Continued)

	September 30,	December 31,
(In millions)	2026	2025
LIABILITIES AND STOCKHOLDER'S EQUITY
CURRENT LIABILITIES
Accounts payable	$293.0	$348.7
Customer deposits	122.4	127.2
Accrued taxes	75.5	52.3
Accrued interest	85.7	66.4
Accrued compensation	55.2	54.3
Long-term debt due within one year	180.9	—
Fuel clause over recoveries	59.0	27.1
Other	108.2	33.5
Total current liabilities	979.9	709.5
LONG-TERM DEBT	5,126.2	4,961.7
DEFERRED CREDITS AND OTHER LIABILITIES
Accrued benefit obligations	71.2	93.2
Deferred income taxes	1,621.7	1,531.3
Deferred investment tax credits	9.3	9.8
Regulatory liabilities	905.6	957.1
Other	297.3	274.7
Total deferred credits and other liabilities	2,905.1	2,866.1
Total liabilities	9,011.2	8,537.3
COMMITMENTS AND CONTINGENCIES (NOTE 12)
STOCKHOLDER'S EQUITY
Common stockholder's equity	1,915.3	1,753.5
Retained earnings	4,210.6	3,986.7
Total stockholder's equity	6,125.9	5,740.2
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	$15,137.1	$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
Net income	—	—	—	120.1	120.1
Capital contribution from OGE Energy	—	—	150.0	—	150.0
Stock-based compensation	—	—	3.9	—	3.9
Balance at June 30, 2026	40.4	$100.9	$1,810.3	$4,164.7	$6,075.9
Net income	—	—	—	320.9	320.9
Dividends declared on common stock	—	—	—	(275.0)	(275.0)
Stock-based compensation	—	—	4.1	—	4.1
Balance at September 30, 2026	40.4	$100.9	$1,814.4	$4,210.6	$6,125.9
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
Net income	—	—	—	107.7	107.7
Capital contribution from OGE Energy	—	—	150.0	—	150.0
Stock-based compensation	—	—	3.6	—	3.6
Balance at June 30, 2025	40.4	$100.9	$1,645.2	$3,915.6	$5,661.7
Net income	—	—	—	242.9	242.9
Dividends declared on common stock	—	—	—	(250.0)	(250.0)
Stock-based compensation	—	—	3.5	—	3.5
Balance at September 30, 2025	40.4	$100.9	$1,648.7	$3,908.5	$5,658.1

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.