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OGE Energy cash flow, quarter by quarter

Latest: Q1 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$91.3M in Q1 2026 · $225M over twelve months

Operating cash flow$176M
Capital spending−$267M
Free cash flow−$91.3M
Cash / net income3.5×
Cash conversion cycle-16 days

Analysis

In Q1 2026, OGE Energy generated $176M of operating cash flow and spent $267M on capital projects, leaving free cash flow of −$91.3M. That is $142M more than in Q1 2025 (−$234M).

Over the twelve months to Mar 31, 2026, operating cash flow was $1.3B; the largest uses were capital spending ($1.1B), dividends ($344M), other financing ($111M); besides operations, cash came from shares issued ($209M), net borrowing (+) / repaid (−) ($69.4M); the cash balance fell by $26.7M.

Operating cash flow was $176M against net income of $50.2M — 3.5× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$136M, receivables +$51.3M, payables −$45.9M.

Its cash conversion cycle was -16 days (receivables 39 + inventory 30 − payables 85): suppliers fund its working capital.

Free cash flow

OGE Energy: free cash flow by quarterOGE Energy: free cash flow by quarter−$70.2MQ2 2024$103MQ3 2024−$167MQ4 2024−$234MQ1 2025$64.9MQ2 2025$168MQ3 2025$83.1MQ4 2025−$91.3MQ1 2026
Operating cash flow less capital spending.
OGE Energy: operating cash flow against capital spendingOGE Energy: operating cash flow against capital spendingOperating cash flowCapital spending$253M$323MQ2 2024$347M$244MQ3 2024$130M$297MQ4 2024$15.9M$250MQ1 2025$339M$274MQ2 2025$398M$230MQ3 2025$385M$302MQ4 2025$176M$267MQ1 2026
Latest (Q1 2026): Operating cash flow $176M, Capital spending $267M.

Capital allocation, year by year

OGE Energy: where the cash came from (up) and went (down), by fiscal yearOGE Energy: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingDividendsFY2021: Operating cash flow −$230MFY2021: Net borrowing $1.9BFY2021: Shares issued $3.4MFY2021: Asset sales −$353MFY2021: Capital spending −$778MFY2021: Dividends −$325M$1.9BFY2021FY2022: Operating cash flow $952MFY2022: Net borrowing −$438MFY2022: Shares issued $900KFY2022: Capital spending −$1.1BFY2022: Dividends −$329M$953MFY2022FY2023: Operating cash flow $1.2BFY2023: Net borrowing $287MFY2023: Shares issued $2.3MFY2023: Capital spending −$1.2BFY2023: Dividends −$333M$1.5BFY2023FY2024: Operating cash flow $813MFY2024: Net borrowing $676MFY2024: Shares issued $23.2MFY2024: Capital spending −$1.1BFY2024: Dividends −$338M$1.5BFY2024FY2025: Operating cash flow $1.1BFY2025: Net borrowing $134MFY2025: Shares issued $211MFY2025: Capital spending −$1.1BFY2025: Dividends −$342M$1.5BFY2025
Over these 5 years operating cash flow totalled $3.9B; the largest uses were capital spending ($5.2B) and dividends ($1.7B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$200K
Debt$5.9B
Net debt$5.9B
Due within a year$492M

OGE Energy funds itself: free cash flow was $225M over the last twelve months, and $200K of cash and investments stands against $5.9B of debt ($492M due within a year, 0.0× covered by cash).

Where the cash came from and went

OGE Energy: sources (+) and uses (−) of cash, Q1 2026OGE Energy: sources (+) and uses (−) of cash, Q1 2026Capital spending−$267MNet borrowing (+) / repaid (−)$200MOperating cash flow$176MDividends−$89.1MOther investing−$16.5MOther financing−$11.2MShares issued$8.3M
OGE Energy: sources (+) and uses (−) of cash, TTM to Q1 2026OGE Energy: sources (+) and uses (−) of cash, TTM to Q1 2026Operating cash flow$1.3BCapital spending−$1.1BDividends−$344MShares issued$209MOther financing−$111MOther investing−$74.5MNet borrowing (+) / repaid (−)$69.4MCash drawn (+) / kept (−)$26.7M

From profit to cash

OGE Energy: net income to operating cash flow, Q1 2026OGE Energy: net income to operating cash flow, Q1 2026Net income$50.2MDepreciation & amortization$136MStock-based pay$3.8MDeferred taxes$7.6MReceivables$51.3MInventory$2.4MPayables−$45.9MPrepaid and other assets−$6.5MOther liabilities−$23.2MOperating cash flow$176M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 2026393085-16
Q4 20255038101-13
Q3 2025343267-1
Q2 2025374989-4
Q1 2025313974-3
Q4 2024354288-12
Q3 2024263569-8
Q2 20242871110-11

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q1 2026$176M−$267M−$89.1M$200M$8.3M—−$91.3M
Q4 2025$385M−$302M−$85.6M−$174M$195M$100K$83.1M
Q3 2025$398M−$230M−$84.8M−$68.2M$2.8M$200K$168M
Q2 2025$339M−$274M−$84.9M$112M$3.0M$26.4M$64.9M
Q1 2025$15.9M−$250M−$86.6M$265M$10.4M−$26.3M−$234M
Q4 2024$130M−$297M−$84.6M$252M$3.1M$9.3M−$167M
Q3 2024$347M−$244M−$84.0M$205M$3.1M−$9.8M$103M
Q2 2024$253M−$323M−$84.0M−$38.0M$10.8M$4.2M−$70.2M

OGE Energy: income statement and cash flow

OGE Energy, Q3 2026: revenue $1.2B (+13% year over year), operating margin 36.2%. The chart follows the revenue to costs, profit and cash.

OGE Energy: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.