OGE Energy Corp. (OGE) Balance Sheet
OGE balance sheet, 2025
December 31, 2025 · U.S. dollars$14.37B assets = $9.39B liabilities + $4.98B equity
Both columns are drawn to the same scale: what OGE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OGE financial health
Current ratio0.78
Tight · current assets cover current liabilities 0.78×
Debt / equity1.14
Moderate leverage · $1.14 of debt for each $1 of equity
Equity / assets34.6%
Balanced · of assets funded by shareholders
Cash / debt0.0%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
OGE balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $9.94B2016 | $14.37B2025 | +4.2%/yr | |
| Total liabilities | $6.50B2016 | $9.39B2025 | +4.2%/yr | |
| Shareholders’ equity | $3.44B2016 | $4.98B2025 | +4.2%/yr | |
| Cash & short-term investments | $300,0002016 | $200,0002025 | −4.4%/yr | |
| Total debt | $2.87B2016 | $5.66B2025 | +7.9%/yr | |
| Net cash (debt) | −$2.87B2016 | −$5.66B2025 | −$2.8B | |
| Working capital | −$477.7M2016 | −$236.2M2025 | +$241.5M | |
| Book value per share | $17.232016 | $24.582025 | +4.0%/yr | |
| Current ratio | 0.532016 | 0.782025 | +0.25 | |
| Debt / equity | 0.832016 | 1.142025 | +0.30 | |
| Shares outstanding | 199.9M2016 | 202.5M2025 | +0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OGE assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
OGE liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
OGE debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OGE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $200,000 | $600,000 | $200,000 | $88.1M | −$358,000 | $1.1M | $681.5M | $94.3M | $14.4M | $300,000 |
| Cash & equivalents | $200,000 | $600,000 | $200,000 | $88.1M | −$358,000 | $1.1M | $681.5M | $94.3M | $14.4M | $300,000 |
| Short-term investments | — | — | — | $105.8M | $905.1M | $484.1M | $1.23B | $1.25B | $1.24B | $1.23B |
| Receivables | $461.3M | $427.9M | $299.7M | $859.9M | $381.8M | $233.5M | $268.9M | $249.2M | $262.9M | $305.9M |
| Inventory | $324.7M | $377.7M | $412.8M | $289.3M | $158.5M | $152.7M | $136.9M | $184.3M | $165.1M | $161.5M |
| Other current assets | $71.7M | $88.9M | $58.8M | $103.5M | $73.7M | $41.2M | $0 | $29.5M | $54.6M | $81.8M |
| Total current assets | $857.9M | $895.1M | $771.5M | $1.34B | $613.6M | $428.5M | $430.2M | $557.3M | $497.0M | $549.5M |
| Property, plant & equipment (net) | $12.73B | $12.21B | $11.41B | $10.65B | $9.95B | $9.48B | $9.13B | $8.72B | $8.42B | $7.77B |
| Goodwill & intangible assets | $1.8M | $548.6M | $348.7M | $190.4M | −$1.33B | −$1.27B | −$27.6M | $207.3M | $333.0M | $251.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $785.1M | $397.4M | $1.15B | $1.18B | $1.16B | $1.16B |
| Other non-current assets | $782.2M | $61.5M | $255.5M | $360.9M | $2.59B | $1.68B | $342.9M | $89.3M | $5.7M | $210.7M |
| Total assets | $14.37B | $13.72B | $12.79B | $12.54B | $12.61B | $10.72B | $11.02B | $10.75B | $10.41B | $9.94B |
| Liabilities | ||||||||||
| Accounts payable | $350.6M | $305.7M | $276.4M | $448.9M | $274.0M | $251.5M | $194.9M | $239.3M | $230.4M | $205.4M |
| Short-term debt | $292.0M | $501.7M | $499.2M | $999.9M | $486.9M | $95.0M | $112.0M | $250.0M | $418.2M | $460.9M |
| Deferred revenue | $127.2M | $111.1M | $103.5M | $88.8M | $81.1M | $81.1M | $83.0M | $83.6M | $80.7M | $77.7M |
| Total current liabilities | $1.09B | $1.23B | $1.18B | $1.80B | $1.09B | $697.4M | $657.9M | $869.4M | $950.5M | $1.03B |
| Long-term debt | $5.37B | $5.02B | $4.34B | $3.55B | $4.50B | $3.49B | $3.20B | $2.90B | $2.75B | $2.41B |
| Other long-term liabilities | $2.93B | $2.82B | $2.76B | $2.78B | $2.96B | $2.90B | $3.03B | $2.98B | $2.86B | $3.06B |
| Total liabilities | $9.39B | $9.08B | $8.28B | $8.13B | $8.55B | $7.09B | $6.88B | $6.74B | $6.56B | $6.50B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.38B | $2.0M | $1.15B | $1.13B | $1.13B | $1.12B | $1.13B | $1.13B | $2.23B | $2.21B |
| Retained earnings (deficit) | $3.60B | $3.48B | $3.37B | $3.29B | $2.96B | $2.54B | $3.04B | $2.91B | $2.76B | $2.37B |
| Treasury stock | — | — | — | −$100,000 | −$100,000 | −$5.3M | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$2.6M | −$2.7M | −$7.2M | −$11.9M | −$24.8M | −$32.1M | −$27.9M | −$28.9M | −$23.2M | −$29.3M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $4.98B | $4.64B | $4.51B | $4.41B | $4.06B | $3.63B | $4.14B | $4.01B | $3.85B | $3.44B |
| Key figures | ||||||||||
| Total debt | $5.66B | $5.52B | $4.84B | $4.55B | $4.98B | $3.59B | $3.31B | $3.15B | $3.17B | $2.87B |
| Net cash (debt) | −$5.66B | −$5.52B | −$4.84B | −$4.46B | −$4.98B | −$3.59B | −$2.63B | −$3.05B | −$3.15B | −$2.87B |
| Working capital | −$236.2M | −$334.7M | −$407.7M | −$461.4M | −$476.0M | −$268.9M | −$227.7M | −$312.1M | −$453.5M | −$477.7M |
| Tangible book value | $4.98B | $4.09B | $4.16B | $4.22B | $5.39B | $4.90B | $4.17B | $3.80B | $3.52B | $3.19B |
| Book value per share | $24.58 | $23.05 | $22.46 | $21.98 | $20.25 | $18.15 | $20.63 | $19.98 | $19.26 | $17.23 |
| Shares outstanding | 202.5M | 201.3M | 200.9M | 200.8M | 200.3M | 200.1M | 200.7M | 200.5M | 200.0M | 199.9M |
| Current ratio | 0.78 | 0.73 | 0.65 | 0.74 | 0.56 | 0.61 | 0.65 | 0.64 | 0.52 | 0.53 |
| Quick ratio | 0.42 | 0.35 | 0.25 | 0.53 | 0.35 | 0.34 | 1.44 | 0.40 | 0.29 | 0.30 |
| Debt / equity | 1.14 | 1.19 | 1.07 | 1.03 | 1.23 | 0.99 | 0.80 | 0.79 | 0.82 | 0.83 |
| Equity / assets | 34.6% | 33.8% | 35.3% | 35.2% | 32.2% | 33.9% | 37.5% | 37.3% | 37.0% | 34.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $900,000 | $200,000 | $200,000 | $300,000 | $500,000 | $26.9M | $600,000 | $9.9M | $100,000 | $4.3M | $200,000 | $2.8M |
| Cash & equivalents | $900,000 | $200,000 | $200,000 | $300,000 | $500,000 | $26.9M | $600,000 | $9.9M | $100,000 | $4.3M | $200,000 | $2.8M |
| Receivables | $683.7M | $408.4M | $461.3M | $571.1M | $530.2M | $528.6M | $427.9M | $462.0M | $335.6M | $263.8M | $299.7M | $497.1M |
| Inventory | $324.8M | $321.7M | $324.7M | $342.3M | $373.6M | $364.7M | $377.7M | $361.6M | $384.1M | $403.2M | $412.8M | $354.2M |
| Other current assets | $0 | $78.2M | $71.7M | $74.0M | $65.0M | $88.6M | $88.9M | $63.0M | $67.5M | $53.7M | $58.8M | $51.0M |
| Total current assets | $843.6M | $808.5M | $857.9M | $987.7M | $969.3M | $1.01B | $895.1M | $896.5M | $787.3M | $725.0M | $771.5M | $905.1M |
| Property, plant & equipment (net) | $13.02B | $12.91B | $12.73B | $12.52B | $12.51B | $12.34B | $12.21B | $11.95B | $11.81B | $11.59B | $11.41B | $11.23B |
| Goodwill & intangible assets | $0 | $0 | $1.8M | $0 | $0 | $0 | $548.6M | $0 | $0 | $0 | $348.7M | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $761.4M | $752.8M | $782.2M | $751.3M | $610.1M | $605.5M | $61.5M | $624.7M | $617.5M | $605.3M | $255.5M | $612.7M |
| Total assets | $14.63B | $14.47B | $14.37B | $14.26B | $14.09B | $13.95B | $13.72B | $13.48B | $13.21B | $12.92B | $12.79B | $12.74B |
| Liabilities | ||||||||||||
| Accounts payable | $282.2M | $282.9M | $350.6M | $275.7M | $287.9M | $224.7M | $305.7M | $269.8M | $256.8M | $211.9M | $276.4M | $281.8M |
| Short-term debt | $245.0M | $492.4M | $292.0M | $466.3M | $534.5M | $766.7M | $501.7M | $247.6M | $440.7M | $835.1M | $499.2M | $411.4M |
| Deferred revenue | $121.0M | $125.3M | $127.2M | $122.8M | $120.3M | $111.5M | $111.1M | $110.0M | $107.8M | $105.6M | $103.5M | $99.9M |
| Total current liabilities | $1.10B | $1.23B | $1.09B | $1.24B | $1.25B | $1.38B | $1.23B | $1.04B | $1.11B | $1.43B | $1.18B | $1.11B |
| Long-term debt | $5.60B | $5.37B | $5.37B | $5.37B | $5.37B | $5.12B | $5.02B | $5.02B | $4.82B | $4.26B | $4.34B | $4.34B |
| Other long-term liabilities | $2.95B | $2.93B | $2.93B | $2.85B | $2.83B | $2.83B | $2.82B | $2.80B | $2.80B | $2.78B | $2.76B | $2.76B |
| Total liabilities | $9.65B | $9.53B | $9.39B | $9.46B | $9.44B | $9.34B | $9.08B | $8.86B | $8.73B | $8.47B | $8.28B | $8.20B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.39B | $1.38B | $1.38B | $1.18B | $2.0M | $1.17B | $1.17B | $1.16B | $1.16B | $2.0M | $1.15B | $2.0M |
| Retained earnings (deficit) | $3.59B | $3.56B | $3.60B | $3.62B | $3.47B | $3.45B | $3.48B | $3.46B | $3.32B | $3.31B | $3.37B | $3.41B |
| Accumulated other comprehensive income | −$2.5M | −$2.6M | −$2.6M | −$2.4M | −$2.5M | −$2.6M | −$2.7M | −$3.1M | −$3.2M | −$3.3M | −$7.2M | −$10.1M |
| Total shareholders' equity | $4.98B | $4.94B | $4.98B | $4.80B | $4.64B | $4.62B | $4.64B | $4.62B | $4.48B | $4.45B | $4.51B | $4.54B |
| Key figures | ||||||||||||
| Total debt | $5.84B | $5.86B | $5.66B | $5.83B | $5.90B | $5.89B | $5.52B | $5.27B | $5.26B | $5.10B | $4.84B | $4.75B |
| Net cash (debt) | −$5.84B | −$5.86B | −$5.66B | −$5.83B | −$5.90B | −$5.86B | −$5.52B | −$5.26B | −$5.26B | −$5.09B | −$4.84B | −$4.75B |
| Working capital | −$255.9M | −$423.4M | −$236.2M | −$249.4M | −$281.4M | −$373.8M | −$334.7M | −$145.0M | −$322.4M | −$704.7M | −$407.7M | −$202.4M |
| Tangible book value | $4.98B | $4.94B | $4.98B | $4.80B | $4.64B | $4.62B | $4.09B | $4.62B | $4.48B | $4.45B | $4.16B | $4.54B |
| Book value per share | $23.97 | $23.84 | $24.23 | $23.74 | $22.98 | $22.86 | $23.04 | $22.91 | $22.23 | $22.16 | $22.52 | $22.59 |
| Shares outstanding | 207.8M | 207.2M | 205.5M | 202.1M | 202.1M | 201.9M | 201.4M | 201.5M | 201.4M | 200.6M | 200.3M | 201.0M |
| Current ratio | 0.77 | 0.66 | 0.78 | 0.80 | 0.78 | 0.73 | 0.73 | 0.86 | 0.71 | 0.51 | 0.65 | 0.82 |
| Quick ratio | 0.62 | 0.33 | 0.42 | 0.46 | 0.42 | 0.40 | 0.35 | 0.45 | 0.30 | 0.19 | 0.25 | 0.45 |
| Debt / equity | 1.17 | 1.19 | 1.14 | 1.22 | 1.27 | 1.28 | 1.19 | 1.14 | 1.18 | 1.15 | 1.07 | 1.05 |
| Equity / assets | 34.1% | 34.1% | 34.6% | 33.6% | 33.0% | 33.1% | 33.8% | 34.3% | 33.9% | 34.4% | 35.3% | 35.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 18, 2026); data from EODHD.
OGE financial position
At the end of fiscal 2025 (December 31, 2025), OGE Energy had total assets of $14.4 billion (up 4.8% from a year earlier), total liabilities of $9.4 billion and shareholders' equity of $5.0 billion. It held $0.2 million in cash and short-term investments against $5.7 billion of debt, net debt of $5.7 billion. Its current ratio was 0.78. In the latest quarter (ended June 30, 2026) total assets were $14.6 billion and equity $5.0 billion.
Related: OGE income statement, OGE cash flow statement, OGE key metrics. See the OGE stock overview for the latest quote and news.
OGE balance sheet FAQ
What are OGE Energy's total assets?
OGE Energy reported total assets of $14.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $13.7 billion a year earlier.
How much debt does OGE Energy have?
OGE Energy had $5.7 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 1.14.
How much cash does OGE Energy have?
OGE Energy held $0.2 million in cash and short-term investments at the end of fiscal 2025; with $5.7 billion of debt that is net debt of $5.7 billion.
What is OGE Energy's book value?
OGE Energy's shareholders' equity (book value) was $5.0 billion at the end of fiscal 2025, or $24.58 per share.
What is OGE Energy's current ratio?
OGE Energy had current assets of $857.9 million and current liabilities of $1.1 billion, a current ratio of 0.78 (current liabilities exceed current assets).
How much goodwill does OGE Energy have?
OGE Energy carried $1.8 million of goodwill and intangible assets, 0.0% of total assets, at the end of fiscal 2025.
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