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Operating Income by Segment
Shows operating profit from each business unit (for example, regulated utility operations versus nonregulated activities), revealing which parts of the company drive cash flow and margins. Shifts in segment operating income expose where regulatory rulings, fuel costs, weather, or operational changes are improving or hurting core profitability and where management is allocating capital.
Electric Company overwhelmingly drives OGE’s operating income, exhibiting strong seasonality with recurring Q3 peaks that have trended higher—this is the primary growth lever. Natural Gas Midstream has effectively disappeared from the segment reporting (zeroed out since 2023), implying divestiture or reclassification that lowers commodity-driven volatility. Other Operations remain immaterial. Investors should watch weather-driven demand and regulatory/rate decisions closely, since the utility business now concentrates both upside and downside risk for earnings.
OGE Operating Income by Segment
| Date | Electric Company | Natural Gas Midstream Operations | Other Operations |
|---|---|---|---|
| Sep 30, 2026 | $428.50M | $0.00 | $0.00 |
| Jun 30, 2026 | $191.70M | $0.00 | -$100.00K |
| Mar 31, 2026 | $112.80M | $0.00 | $300.00K |
| Dec 31, 2025 | $138.20M | $0.00 | $0.00 |
| Sep 30, 2025 | $341.10M | $0.00 | $200.00K |
| Jun 30, 2025 | $187.40M | $0.00 | -$800.00K |
| Mar 31, 2025 | $133.30M | $0.00 | $0.00 |
| Dec 31, 2024 | $182.30M | $0.00 | -$100.00K |
| Sep 30, 2024 | $313.20M | $0.00 | $0.00 |
| Jun 30, 2024 | $176.10M | $0.00 | -$200.00K |
| Mar 31, 2024 | $74.00M | $0.00 | $0.00 |
| Dec 31, 2023 | $96.70M | $0.00 | -$500.00K |
| Sep 30, 2023 | $331.10M | $0.00 | $0.00 |
| Jun 30, 2023 | $147.00M | $0.00 | -$600.00K |
| Mar 31, 2023 | $76.80M | $0.00 | -$300.00K |
| Dec 31, 2022 | $92.80M | -$800.00K | -$100.00K |
| Sep 30, 2022 | $328.60M | -$10.60M | -$100.00K |
| Jun 30, 2022 | $157.20M | -$600.00K | $0.00 |
| Mar 31, 2022 | $83.90M | -$700.00K | -$100.00K |
| Dec 31, 2021 | $80.50M | $800.00K | $0.00 |
| Sep 30, 2021 | $285.30M | -$400.00K | -$100.00K |
| Jun 30, 2021 | $131.20M | -$1.70M | $0.00 |
| Mar 31, 2021 | $49.10M | -$500.00K | $0.00 |