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OGE Energy (OGE) Q2 2026 earnings results (second quarter 2026)

10-Q filed Jul 29, 2026

OGE Energy (OGE) reported revenue of $712M for the second quarter 2026 (Q2 2026), -4% from a year earlier and -5% from the quarter before. Operating margin was 26.9%, net earnings $116M (16.3% of revenue).

Revenue$712M
Year over year-4%
Quarter over quarter-5%
Operating margin26.9%
Net earnings$116M

OGE Energy, Q2 2026: revenue $712M (-4% year over year), operating margin 26.9%, net earnings $116M, operating cash flow $336M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$712M-5%-4%
Operating profit$192M+69%+3%
Net earnings$116M+132%+8%
Operating cash flow$336M+91%-0.8%
Free cash flow$114M—+76%

What changed

Revenue was $711.9M in Q2 2026, down 4% year over year and down 5% from the previous quarter.

Operating profit was $191.6M, a 26.9% margin (up 1.8 points year over year). Total costs fell 6% while revenue fell 4%. Net earnings were $116.3M, up 8% year over year. The effective tax rate was 15.6%.

Operating cash flow was $335.9M (down 1% year over year), 289% of net earnings. Non-cash charges added back $138.1M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $77.6M. Capital expenditures of $221.8M left free cash flow of $114.1M.

Questions

What was OGE Energy's revenue in the second quarter 2026?

OGE Energy (OGE) reported revenue of $712M for the second quarter 2026 (Q2 2026), -4% from a year earlier and -5% from the quarter before.

Was OGE Energy profitable in the second quarter 2026?

Operating profit was $192M (26.9% of revenue) and net earnings $116M.

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Source: OGE Energy 10-Q on SEC EDGAR.