Company Quick10K Filing
OGE Energy
Price45.08 EPS2
Shares201 P/E20
MCap9,052 P/FCF22
Net Debt3,182 EBIT589
TEV12,234 TEV/EBIT21
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-06-30 Filed 2020-08-06
10-Q 2020-03-31 Filed 2020-05-07
10-K 2019-12-31 Filed 2020-02-27
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-08
10-Q 2019-06-30 Filed 2019-08-08
10-Q 2019-03-31 Filed 2019-05-02
10-Q 2019-03-31 Filed 2019-05-02
10-K 2018-12-31 Filed 2019-02-21
10-K 2018-12-31 Filed 2019-02-21
10-Q 2018-09-30 Filed 2018-11-08
10-Q 2018-06-30 Filed 2018-08-09
10-Q 2018-03-31 Filed 2018-05-03
10-K 2017-12-31 Filed 2018-02-22
10-Q 2017-09-30 Filed 2017-11-02
10-Q 2017-06-30 Filed 2017-08-03
10-Q 2017-03-31 Filed 2017-05-04
10-K 2016-12-31 Filed 2017-02-23
10-Q 2016-09-30 Filed 2016-11-03
10-Q 2016-06-30 Filed 2016-08-04
10-Q 2016-03-31 Filed 2016-05-05
10-K 2015-12-31 Filed 2016-02-26
10-Q 2015-09-30 Filed 2015-11-05
10-Q 2015-06-30 Filed 2015-08-06
10-Q 2015-03-31 Filed 2015-05-07
10-K 2014-12-31 Filed 2015-02-26
10-Q 2014-09-30 Filed 2014-11-05
10-Q 2014-06-30 Filed 2014-08-07
10-Q 2014-03-31 Filed 2014-05-01
10-K 2013-12-31 Filed 2014-02-25
10-Q 2013-09-30 Filed 2013-11-06
10-Q 2013-06-30 Filed 2013-08-08
10-Q 2013-03-31 Filed 2013-05-02
10-K 2012-12-31 Filed 2013-02-27
10-Q 2012-09-30 Filed 2012-11-07
10-Q 2012-06-30 Filed 2012-08-02
10-Q 2012-03-31 Filed 2012-05-03
10-K 2011-12-31 Filed 2012-02-16
10-Q 2011-09-30 Filed 2011-11-03
10-Q 2011-06-30 Filed 2011-08-04
10-Q 2011-03-31 Filed 2011-05-05
10-K 2010-12-31 Filed 2011-02-17
10-Q 2010-09-30 Filed 2010-10-29
10-Q 2010-06-30 Filed 2010-08-05
10-Q 2010-03-31 Filed 2010-05-06
10-K 2009-12-31 Filed 2010-02-18
8-K 2020-08-06 Earnings, Exhibits
8-K 2020-05-21
8-K 2020-05-07
8-K 2020-04-01
8-K 2020-04-01
8-K 2020-03-30
8-K 2020-02-27
8-K 2019-11-07
8-K 2019-11-07
8-K 2019-09-19
8-K 2019-09-19
8-K 2019-08-08
8-K 2019-08-08
8-K 2019-06-07
8-K 2019-06-07
8-K 2019-05-30
8-K 2019-05-30
8-K 2019-05-16
8-K 2019-05-02
8-K 2019-05-02
8-K 2019-02-21
8-K 2019-02-21
8-K 2018-11-08
8-K 2018-08-17
8-K 2018-08-09
8-K 2018-06-19
8-K 2018-05-17
8-K 2018-05-03
8-K 2018-03-14
8-K 2018-02-22

OGE 10Q Quarterly Report

Part I. Financial Information
Item 1. Financial Statements.
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
Item 4. Controls and Procedures.
Part II. Other Information
Item 1. Legal Proceedings.
Item 1A. Risk Factors.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Item 5. Other Information.
Item 6. Exhibits.
EX-31.01 q22020ogeenergy10-qxex1.htm
EX-32.01 q22020ogeenergy10-qxex.htm
EX-99.01 exhibit9901creditagree.htm

OGE Energy Earnings 2020-06-30

Balance SheetIncome StatementCash Flow
151296302012201420172020
Assets, Equity
1.00.80.60.40.20.02012201420172020
Rev, G Profit, Net Income
0.40.20.1-0.1-0.2-0.42012201420172020
Ops, Inv, Fin

oge-20200630
000102163512/312020Q2FALSE0.30.30.60.50.10.10.12.30.10.10.30.20.42.01.50.38750.36500.38750.36550500January 1, 2025January 1, 2025June 1, 2027P2Y00010216352020-01-012020-06-30xbrli:shares00010216352020-06-30iso4217:USD00010216352020-04-012020-06-3000010216352019-04-012019-06-3000010216352019-01-012019-06-30iso4217:USDxbrli:shares0001021635us-gaap:PensionPlansDefinedBenefitMember2020-04-012020-06-300001021635us-gaap:PensionPlansDefinedBenefitMember2019-04-012019-06-300001021635us-gaap:PensionPlansDefinedBenefitMember2020-01-012020-06-300001021635us-gaap:PensionPlansDefinedBenefitMember2019-01-012019-06-3000010216352019-12-3100010216352018-12-3100010216352019-06-300001021635us-gaap:CommonStockMember2019-12-310001021635us-gaap:TreasuryStockMember2019-12-310001021635us-gaap:AdditionalPaidInCapitalMember2019-12-310001021635us-gaap:RetainedEarningsMember2019-12-310001021635us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001021635us-gaap:CommonStockMember2020-01-012020-03-310001021635us-gaap:TreasuryStockMember2020-01-012020-03-310001021635us-gaap:AdditionalPaidInCapitalMember2020-01-012020-03-310001021635us-gaap:RetainedEarningsMember2020-01-012020-03-310001021635us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-3100010216352020-01-012020-03-310001021635us-gaap:CommonStockMember2020-03-310001021635us-gaap:TreasuryStockMember2020-03-310001021635us-gaap:AdditionalPaidInCapitalMember2020-03-310001021635us-gaap:RetainedEarningsMember2020-03-310001021635us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-3100010216352020-03-310001021635us-gaap:CommonStockMember2020-04-012020-06-300001021635us-gaap:TreasuryStockMember2020-04-012020-06-300001021635us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-300001021635us-gaap:RetainedEarningsMember2020-04-012020-06-300001021635us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300001021635us-gaap:CommonStockMember2020-06-300001021635us-gaap:TreasuryStockMember2020-06-300001021635us-gaap:AdditionalPaidInCapitalMember2020-06-300001021635us-gaap:RetainedEarningsMember2020-06-300001021635us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300001021635us-gaap:CommonStockMember2018-12-310001021635us-gaap:TreasuryStockMember2018-12-310001021635us-gaap:AdditionalPaidInCapitalMember2018-12-310001021635us-gaap:RetainedEarningsMember2018-12-310001021635us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310001021635us-gaap:CommonStockMember2019-01-012019-03-310001021635us-gaap:TreasuryStockMember2019-01-012019-03-310001021635us-gaap:AdditionalPaidInCapitalMember2019-01-012019-03-310001021635us-gaap:RetainedEarningsMember2019-01-012019-03-310001021635us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-03-3100010216352019-01-012019-03-310001021635us-gaap:CommonStockMember2019-03-310001021635us-gaap:TreasuryStockMember2019-03-310001021635us-gaap:AdditionalPaidInCapitalMember2019-03-310001021635us-gaap:RetainedEarningsMember2019-03-310001021635us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-3100010216352019-03-310001021635us-gaap:CommonStockMember2019-04-012019-06-300001021635us-gaap:TreasuryStockMember2019-04-012019-06-300001021635us-gaap:AdditionalPaidInCapitalMember2019-04-012019-06-300001021635us-gaap:RetainedEarningsMember2019-04-012019-06-300001021635us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-012019-06-300001021635us-gaap:CommonStockMember2019-06-300001021635us-gaap:TreasuryStockMember2019-06-300001021635us-gaap:AdditionalPaidInCapitalMember2019-06-300001021635us-gaap:RetainedEarningsMember2019-06-300001021635us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-30xbrli:pure0001021635oge:CenterpointMember2020-06-300001021635oge:OgeEnergyMember2020-06-300001021635oge:SPPCostTrackerRiderUnderRecoveryMember2020-06-300001021635oge:SPPCostTrackerRiderUnderRecoveryMember2019-12-310001021635oge:ProductionTaxCreditRiderMember2020-06-300001021635oge:ProductionTaxCreditRiderMember2019-12-310001021635oge:OtherRegulatoryAssetsMember2020-06-300001021635oge:OtherRegulatoryAssetsMember2019-12-310001021635oge:BenefitObligationsMember2020-06-300001021635oge:BenefitObligationsMember2019-12-310001021635oge:DeferredStormExpensesMember2020-06-300001021635oge:DeferredStormExpensesMember2019-12-310001021635oge:DryScrubberRegulatoryAssetMember2020-06-300001021635oge:DryScrubberRegulatoryAssetMember2019-12-310001021635oge:SmartGridMember2020-06-300001021635oge:SmartGridMember2019-12-310001021635us-gaap:LossOnReacquiredDebtMember2020-06-300001021635us-gaap:LossOnReacquiredDebtMember2019-12-310001021635oge:DeferredPensionExpensesMember2020-06-300001021635oge:DeferredPensionExpensesMember2019-12-310001021635oge:COVID19DeferredExpensesMember2020-06-300001021635oge:COVID19DeferredExpensesMember2019-12-310001021635oge:PensionTrackerMember2020-06-300001021635oge:PensionTrackerMember2019-12-310001021635oge:ReserveforTaxRefundMember2020-06-300001021635oge:ReserveforTaxRefundMember2019-12-310001021635oge:OklahomaDemandProgramOverRecoveryMember2020-06-300001021635oge:OklahomaDemandProgramOverRecoveryMember2019-12-310001021635oge:SPPCostTrackerRiderOverRecoveryMember2020-06-300001021635oge:SPPCostTrackerRiderOverRecoveryMember2019-12-310001021635oge:OtherRegulatoryLiabilitiesMember2020-06-300001021635oge:OtherRegulatoryLiabilitiesMember2019-12-310001021635oge:IncomeTaxesRecoverableFromCustomersNetMember2020-06-300001021635oge:IncomeTaxesRecoverableFromCustomersNetMember2019-12-310001021635oge:AccruedRemovalObligationsMember2020-06-300001021635oge:AccruedRemovalObligationsMember2019-12-310001021635oge:PensionTrackerMember2020-06-300001021635oge:PensionTrackerMember2019-12-310001021635us-gaap:PensionPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2019-12-310001021635us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2019-12-310001021635us-gaap:CommodityContractMember2019-01-012019-12-310001021635us-gaap:PensionPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2020-01-012020-06-300001021635us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2020-01-012020-06-300001021635us-gaap:CommodityContractMember2020-01-012020-06-300001021635oge:SettlementCostMemberus-gaap:PensionPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2020-01-012020-06-300001021635oge:SettlementCostMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2020-01-012020-06-300001021635oge:SettlementCostMemberus-gaap:CommodityContractMember2020-01-012020-06-300001021635oge:SettlementCostMember2020-01-012020-06-300001021635us-gaap:PensionPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2020-06-300001021635us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2020-06-300001021635us-gaap:PensionPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2018-12-310001021635us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2018-12-310001021635us-gaap:PensionPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2019-01-012019-06-300001021635us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2019-01-012019-06-300001021635oge:SettlementCostMemberus-gaap:PensionPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2019-01-012019-06-300001021635oge:SettlementCostMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2019-01-012019-06-300001021635oge:SettlementCostMember2019-01-012019-06-300001021635us-gaap:PensionPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2019-06-300001021635us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember2019-06-300001021635us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-04-012020-06-300001021635us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2019-04-012019-06-300001021635us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-01-012020-06-300001021635us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2019-01-012019-06-300001021635oge:ResidentialMember2020-04-012020-06-300001021635oge:ResidentialMember2019-04-012019-06-300001021635oge:ResidentialMember2020-01-012020-06-300001021635oge:ResidentialMember2019-01-012019-06-300001021635oge:CommercialMember2020-04-012020-06-300001021635oge:CommercialMember2019-04-012019-06-300001021635oge:CommercialMember2020-01-012020-06-300001021635oge:CommercialMember2019-01-012019-06-300001021635oge:IndustrialMember2020-04-012020-06-300001021635oge:IndustrialMember2019-04-012019-06-300001021635oge:IndustrialMember2020-01-012020-06-300001021635oge:IndustrialMember2019-01-012019-06-300001021635oge:OilfieldMember2020-04-012020-06-300001021635oge:OilfieldMember2019-04-012019-06-300001021635oge:OilfieldMember2020-01-012020-06-300001021635oge:OilfieldMember2019-01-012019-06-300001021635oge:PublicAuthorityMember2020-04-012020-06-300001021635oge:PublicAuthorityMember2019-04-012019-06-300001021635oge:PublicAuthorityMember2020-01-012020-06-300001021635oge:PublicAuthorityMember2019-01-012019-06-300001021635oge:TotalRetailCustomerMember2020-04-012020-06-300001021635oge:TotalRetailCustomerMember2019-04-012019-06-300001021635oge:TotalRetailCustomerMember2020-01-012020-06-300001021635oge:TotalRetailCustomerMember2019-01-012019-06-300001021635oge:ProvisionforRateRefundMember2020-04-012020-06-300001021635oge:ProvisionforRateRefundMember2019-04-012019-06-300001021635oge:ProvisionforRateRefundMember2020-01-012020-06-300001021635oge:ProvisionforRateRefundMember2019-01-012019-06-300001021635oge:IntegratedMarketMember2020-04-012020-06-300001021635oge:IntegratedMarketMember2019-04-012019-06-300001021635oge:IntegratedMarketMember2020-01-012020-06-300001021635oge:IntegratedMarketMember2019-01-012019-06-300001021635oge:TransmissionMember2020-04-012020-06-300001021635oge:TransmissionMember2019-04-012019-06-300001021635oge:TransmissionMember2020-01-012020-06-300001021635oge:TransmissionMember2019-01-012019-06-300001021635oge:OtherContractswithCustomersMember2020-04-012020-06-300001021635oge:OtherContractswithCustomersMember2019-04-012019-06-300001021635oge:OtherContractswithCustomersMember2020-01-012020-06-300001021635oge:OtherContractswithCustomersMember2019-01-012019-06-300001021635oge:OgeHoldingsMember2020-01-012020-06-300001021635oge:EnableMidstreamPartnersMember2020-06-300001021635us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2020-06-300001021635us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2019-12-310001021635us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2020-04-012020-06-300001021635us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2019-04-012019-06-300001021635us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2020-01-012020-06-300001021635us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2019-01-012019-06-300001021635oge:OgeEnergyMember2020-01-012020-06-300001021635oge:EnableMidstreamPartnersMember2020-04-012020-06-300001021635oge:EnableMidstreamPartnersMember2019-04-012019-06-300001021635oge:EnableMidstreamPartnersMember2020-01-012020-06-300001021635oge:EnableMidstreamPartnersMember2019-01-012019-06-300001021635oge:EnableMidstreamPartnersMemberoge:OgeEnergyMemberoge:OperatingCostsChargedMember2020-04-012020-06-300001021635oge:EnableMidstreamPartnersMemberoge:OgeEnergyMemberoge:OperatingCostsChargedMember2019-04-012019-06-300001021635oge:EnableMidstreamPartnersMemberoge:OgeEnergyMemberoge:OperatingCostsChargedMember2019-01-012019-06-300001021635oge:EnableMidstreamPartnersMemberoge:OgeEnergyMemberoge:OperatingCostsChargedMember2020-01-012020-06-300001021635oge:EnableMidstreamPartnersMemberoge:OgeEnergyMemberoge:EmploymentCostsMember2020-04-012020-06-300001021635oge:EnableMidstreamPartnersMemberoge:OgeEnergyMemberoge:EmploymentCostsMember2019-04-012019-06-300001021635oge:EnableMidstreamPartnersMemberoge:OgeEnergyMemberoge:EmploymentCostsMember2020-01-012020-06-300001021635oge:EnableMidstreamPartnersMemberoge:OgeEnergyMemberoge:EmploymentCostsMember2019-01-012019-06-300001021635oge:ExcludingFuelPurchasesMember2020-06-300001021635oge:ExcludingFuelPurchasesMember2019-12-310001021635oge:EnableMidstreamPartnersMemberoge:OgAndEMember2020-04-012020-06-300001021635oge:EnableMidstreamPartnersMemberoge:OgAndEMember2019-04-012019-06-300001021635oge:EnableMidstreamPartnersMemberoge:OgAndEMember2020-01-012020-06-300001021635oge:EnableMidstreamPartnersMemberoge:OgAndEMember2019-01-012019-06-300001021635oge:EnableMidstreamPartnersMemberoge:NaturalGasTransportationMemberoge:OgAndEMember2020-04-012020-06-300001021635oge:EnableMidstreamPartnersMemberoge:NaturalGasTransportationMemberoge:OgAndEMember2019-04-012019-06-300001021635oge:EnableMidstreamPartnersMemberoge:NaturalGasTransportationMemberoge:OgAndEMember2020-01-012020-06-300001021635oge:EnableMidstreamPartnersMemberoge:NaturalGasTransportationMemberoge:OgAndEMember2019-01-012019-06-300001021635oge:EnableMidstreamPartnersMemberoge:NaturalGasPurchasesMemberoge:OgAndEMember2020-04-012020-06-300001021635oge:EnableMidstreamPartnersMemberoge:NaturalGasPurchasesMemberoge:OgAndEMember2019-04-012019-06-300001021635oge:EnableMidstreamPartnersMemberoge:NaturalGasPurchasesMemberoge:OgAndEMember2020-01-012020-06-300001021635oge:EnableMidstreamPartnersMemberoge:NaturalGasPurchasesMemberoge:OgAndEMember2019-01-012019-06-300001021635us-gaap:FairValueMeasurementsRecurringMember2019-12-310001021635us-gaap:FairValueMeasurementsRecurringMember2020-06-300001021635oge:OgAndESeniorNotesMember2020-06-300001021635oge:OgAndESeniorNotesMember2019-12-310001021635oge:OgAndEIndustrialAuthorityBondsMember2020-06-300001021635oge:OgAndEIndustrialAuthorityBondsMember2019-12-310001021635oge:OgAndETinkerDebtMember2020-06-300001021635oge:OgAndETinkerDebtMember2019-12-310001021635us-gaap:PerformanceSharesMemberoge:TotalShareholderReturnMember2020-04-012020-06-300001021635us-gaap:PerformanceSharesMemberoge:TotalShareholderReturnMember2019-04-012019-06-300001021635us-gaap:PerformanceSharesMemberoge:TotalShareholderReturnMember2020-01-012020-06-300001021635us-gaap:PerformanceSharesMemberoge:TotalShareholderReturnMember2019-01-012019-06-300001021635us-gaap:PerformanceSharesMemberoge:PerformanceUnitsRelatedToEarningsPerShareMember2020-04-012020-06-300001021635us-gaap:PerformanceSharesMemberoge:PerformanceUnitsRelatedToEarningsPerShareMember2019-04-012019-06-300001021635us-gaap:PerformanceSharesMemberoge:PerformanceUnitsRelatedToEarningsPerShareMember2020-01-012020-06-300001021635us-gaap:PerformanceSharesMemberoge:PerformanceUnitsRelatedToEarningsPerShareMember2019-01-012019-06-300001021635us-gaap:PerformanceSharesMember2020-04-012020-06-300001021635us-gaap:PerformanceSharesMember2019-04-012019-06-300001021635us-gaap:PerformanceSharesMember2020-01-012020-06-300001021635us-gaap:PerformanceSharesMember2019-01-012019-06-300001021635us-gaap:RestrictedStockMember2020-04-012020-06-300001021635us-gaap:RestrictedStockMember2019-04-012019-06-300001021635us-gaap:RestrictedStockMember2020-01-012020-06-300001021635us-gaap:RestrictedStockMember2019-01-012019-06-300001021635us-gaap:StockCompensationPlanMember2020-04-012020-06-300001021635us-gaap:StockCompensationPlanMember2019-04-012019-06-300001021635us-gaap:StockCompensationPlanMember2020-01-012020-06-300001021635us-gaap:StockCompensationPlanMember2019-01-012019-06-300001021635oge:AutomaticDividendReinvestmentAndStockPurchasePlanMember2020-04-012020-06-300001021635us-gaap:RetainedEarningsMember2020-01-012020-06-300001021635us-gaap:RetainedEarningsMember2019-01-012019-06-300001021635oge:AutomaticDividendReinvestmentAndStockPurchasePlanMember2020-01-012020-06-300001021635oge:GarfieldIndustrialAuthorityBondMemberus-gaap:DebenturesSubjectToMandatoryRedemptionMembersrt:MinimumMember2020-06-300001021635oge:GarfieldIndustrialAuthorityBondMemberus-gaap:DebenturesSubjectToMandatoryRedemptionMembersrt:MaximumMember2020-06-300001021635oge:GarfieldIndustrialAuthorityBondMemberus-gaap:DebenturesSubjectToMandatoryRedemptionMemberoge:OgAndEMember2020-06-300001021635oge:MuskogeeIndustrialAuthorityBondDue2025Memberus-gaap:DebenturesSubjectToMandatoryRedemptionMembersrt:MinimumMember2020-06-300001021635oge:MuskogeeIndustrialAuthorityBondDue2025Memberus-gaap:DebenturesSubjectToMandatoryRedemptionMembersrt:MaximumMember2020-06-300001021635oge:MuskogeeIndustrialAuthorityBondDue2025Memberus-gaap:DebenturesSubjectToMandatoryRedemptionMemberoge:OgAndEMember2020-06-300001021635oge:MuskogeeIndustrialAuthorityBondDue2027Memberus-gaap:DebenturesSubjectToMandatoryRedemptionMembersrt:MinimumMember2020-06-300001021635oge:MuskogeeIndustrialAuthorityBondDue2027Memberus-gaap:DebenturesSubjectToMandatoryRedemptionMembersrt:MaximumMember2020-06-300001021635oge:MuskogeeIndustrialAuthorityBondDue2027Memberus-gaap:DebenturesSubjectToMandatoryRedemptionMemberoge:OgAndEMember2020-06-300001021635us-gaap:DebenturesSubjectToMandatoryRedemptionMember2020-06-300001021635oge:GarfieldIndustrialAuthorityBondMember2020-01-012020-06-300001021635oge:MuskogeeIndustrialAuthorityBondDue2025Member2020-01-012020-06-300001021635oge:MuskogeeIndustrialAuthorityBondDue2027Member2020-01-012020-06-3000010216352020-04-010001021635oge:OgAndEMember2020-06-300001021635oge:OgAndEMember2020-01-012020-06-300001021635us-gaap:OtherPensionPlansDefinedBenefitMember2020-04-012020-06-300001021635us-gaap:OtherPensionPlansDefinedBenefitMember2019-04-012019-06-300001021635us-gaap:OtherPensionPlansDefinedBenefitMember2020-01-012020-06-300001021635us-gaap:OtherPensionPlansDefinedBenefitMember2019-01-012019-06-300001021635stpr:OKus-gaap:PensionPlansDefinedBenefitMember2020-04-012020-06-300001021635stpr:OKus-gaap:PensionPlansDefinedBenefitMember2019-04-012019-06-300001021635stpr:OKus-gaap:PensionPlansDefinedBenefitMember2020-01-012020-06-300001021635stpr:OKus-gaap:PensionPlansDefinedBenefitMember2019-01-012019-06-300001021635stpr:ARus-gaap:PensionPlansDefinedBenefitMember2020-04-012020-06-300001021635stpr:ARus-gaap:PensionPlansDefinedBenefitMember2019-04-012019-06-300001021635stpr:ARus-gaap:PensionPlansDefinedBenefitMember2020-01-012020-06-300001021635stpr:ARus-gaap:PensionPlansDefinedBenefitMember2019-01-012019-06-300001021635us-gaap:PostretirementBenefitCostsMember2020-04-012020-06-300001021635us-gaap:PostretirementBenefitCostsMember2019-04-012019-06-300001021635us-gaap:PostretirementBenefitCostsMember2020-01-012020-06-300001021635us-gaap:PostretirementBenefitCostsMember2019-01-012019-06-300001021635us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMemberstpr:OK2020-04-012020-06-300001021635us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMemberstpr:OK2019-04-012019-06-300001021635us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMemberstpr:OK2020-01-012020-06-300001021635us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMemberstpr:OK2019-01-012019-06-300001021635oge:ElectricUtilityMember2020-04-012020-06-300001021635oge:NaturalGasMidstreamOperationsMember2020-04-012020-06-300001021635us-gaap:AllOtherSegmentsMember2020-04-012020-06-300001021635us-gaap:IntersegmentEliminationMember2020-04-012020-06-300001021635oge:ElectricUtilityMember2020-06-300001021635oge:NaturalGasMidstreamOperationsMember2020-06-300001021635us-gaap:AllOtherSegmentsMember2020-06-300001021635us-gaap:IntersegmentEliminationMember2020-06-300001021635oge:ElectricUtilityMember2019-04-012019-06-300001021635oge:NaturalGasMidstreamOperationsMember2019-04-012019-06-300001021635us-gaap:AllOtherSegmentsMember2019-04-012019-06-300001021635us-gaap:IntersegmentEliminationMember2019-04-012019-06-300001021635oge:ElectricUtilityMember2019-06-300001021635oge:NaturalGasMidstreamOperationsMember2019-06-300001021635us-gaap:AllOtherSegmentsMember2019-06-300001021635us-gaap:IntersegmentEliminationMember2019-06-300001021635oge:ElectricUtilityMember2020-01-012020-06-300001021635oge:NaturalGasMidstreamOperationsMember2020-01-012020-06-300001021635us-gaap:AllOtherSegmentsMember2020-01-012020-06-300001021635us-gaap:IntersegmentEliminationMember2020-01-012020-06-300001021635oge:ElectricUtilityMember2019-01-012019-06-300001021635oge:NaturalGasMidstreamOperationsMember2019-01-012019-06-300001021635us-gaap:AllOtherSegmentsMember2019-01-012019-06-300001021635us-gaap:IntersegmentEliminationMember2019-01-012019-06-300001021635oge:ImpacttoCompanyMember2020-06-300001021635oge:CustomerImpactMember2020-06-30


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2020
OR
 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from _____to_____

Commission File Number: 1-12579
OGE ENERGY CORP.
(Exact name of registrant as specified in its charter)
Oklahoma 73-1481638
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
321 North Harvey
P.O. Box 321
Oklahoma City, Oklahoma 73101-0321
(Address of principal executive offices)
(Zip Code)

(Registrant's telephone number, including area code): 405-553-3000

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common StockOGENew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes   No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).   Yes   No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.  See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filerAccelerated filer
Non-accelerated filer 
Smaller reporting company
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   Yes   No

At June 30, 2020, there were 200,169,838 shares of common stock, par value $0.01 per share, outstanding.




OGE ENERGY CORP.

FORM 10-Q

FOR THE QUARTER ENDED JUNE 30, 2020

TABLE OF CONTENTS

 Page
  
Part I - FINANCIAL INFORMATION 
Part II - OTHER INFORMATION 

i


GLOSSARY OF TERMS

The following is a glossary of frequently used abbreviations that are found throughout this Form 10-Q.
AbbreviationDefinition
2019 Form 10-KAnnual Report on Form 10-K for the year ended December 31, 2019
APSCArkansas Public Service Commission
ASUAccounting Standards Update from the Financial Accounting Standards Board
CenterPointCenterPoint Energy Resources Corp., wholly-owned subsidiary of CenterPoint Energy, Inc.
CO2
Carbon dioxide
CompanyOGE Energy Corp., collectively with its subsidiaries
COVID-19Novel Coronavirus disease
Dry ScrubberDry flue gas desulfurization unit with spray dryer absorber
EnableEnable Midstream Partners, LP, a partnership formed to own and operate the midstream businesses of OGE Energy and CenterPoint; OGE Energy indirectly owns 25.5 percent of the common units of Enable and 50 percent of the general partner interest of the general partner of Enable
Enogex HoldingsEnogex Holdings LLC, the parent company of Enogex LLC and a majority-owned subsidiary of OGE Holdings, LLC (prior to May 1, 2013)
Enogex LLCEnogex LLC, collectively with its subsidiaries (effective July 30, 2013, the name was changed to Enable Oklahoma Intrastate Transmission, LLC)
EPAU.S. Environmental Protection Agency
Federal Clean Air ActFederal Clean Air Act of 1970, as amended
Federal Clean Water ActFederal Water Pollution Control Act of 1972, as amended
FERCFederal Energy Regulatory Commission
FIPFederal Implementation Plan
GAAPAccounting principles generally accepted in the U.S.
MATSMercury and Air Toxics Standards
MBbl/dThousand barrels per day
MWMegawatt
MWhMegawatt-hour
NAAQSNational Ambient Air Quality Standards
NGLsNatural gas liquids
NOX
Nitrogen oxide
OCCOklahoma Corporation Commission
OG&EOklahoma Gas and Electric Company, wholly-owned subsidiary of OGE Energy
OGE EnergyHolding company
OGE HoldingsOGE Enogex Holdings, LLC, wholly-owned subsidiary of OGE Energy, parent company of Enogex Holdings (prior to May 1, 2013) and 25.5 percent owner of Enable
Pension PlanQualified defined benefit retirement plan
Regional Haze RuleThe EPA's Regional Haze Rule
Restoration of Retirement Income PlanSupplemental retirement plan to the Pension Plan
SIPState Implementation Plan
SO2
Sulfur dioxide
SPPSouthwest Power Pool
System salesSales to OG&E's customers
TBtu/dTrillion British thermal units per day
U.S.United States of America

ii


FORWARD-LOOKING STATEMENTS

Except for the historical statements contained herein, the matters discussed within this Form 10-Q, including those matters discussed within "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations," are forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements are intended to be identified in this document by the words "anticipate," "believe," "estimate," "expect," "intend," "objective," "plan," "possible," "potential," "project" and similar expressions. Actual results may vary materially from those expressed in forward-looking statements. In addition to the specific risk factors discussed within "Item 1A. Risk Factors" in the Company's 2019 Form 10-K and within "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Item 1A. Risk Factors" of "Part II - Other Information" herein, factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to:

general economic conditions, including the availability of credit, access to existing lines of credit, access to the commercial paper markets, actions of rating agencies and their impact on capital expenditures;
the ability of the Company and its subsidiaries to access the capital markets and obtain financing on favorable terms as well as inflation rates and monetary fluctuations;
the ability to obtain timely and sufficient rate relief to allow for recovery of items such as capital expenditures, fuel costs, operating costs, transmission costs and deferred expenditures;
prices and availability of electricity, coal, natural gas and NGLs;
the timing and extent of changes in commodity prices, particularly natural gas and NGLs, the competitive effects of the available pipeline capacity in the regions Enable serves and the effects of geographic and seasonal commodity price differentials, including the effects of these circumstances on re-contracting available capacity on Enable's interstate pipelines;
the timing and extent of changes in the supply of natural gas, particularly supplies available for gathering by Enable's gathering and processing business and transporting by Enable's interstate pipelines, including the impact of natural gas and NGLs prices on the level of drilling and production activities in the regions Enable serves;
business conditions in the energy and natural gas midstream industries, including the demand for natural gas, NGLs, crude oil and midstream services;
competitive factors, including the extent and timing of the entry of additional competition in the markets served by the Company;
the impact on demand for our services resulting from cost-competitive advances in technology, such as distributed electricity generation and customer energy efficiency programs;
technological developments, changing markets and other factors that result in competitive disadvantages and create the potential for impairment of existing assets;
factors affecting utility operations such as unusual weather conditions; catastrophic weather-related damage; unscheduled generation outages, unusual maintenance or repairs; unanticipated changes to fossil fuel, natural gas or coal supply costs or availability due to higher demand, shortages, transportation problems or other developments; environmental incidents; or electric transmission or gas pipeline system constraints;
availability and prices of raw materials for current and future construction projects;
the effect of retroactive pricing of transactions in the SPP markets or adjustments in market pricing mechanisms by the SPP;
federal or state legislation and regulatory decisions and initiatives that affect cost and investment recovery, have an impact on rate structures or affect the speed and degree to which competition enters the Company's markets;
environmental laws, safety laws or other regulations that may impact the cost of operations or restrict or change the way the Company operates its facilities;
changes in accounting standards, rules or guidelines;
the discontinuance of accounting principles for certain types of rate-regulated activities;
the cost of protecting assets against, or damage due to, terrorism or cyberattacks and other catastrophic events;
creditworthiness of suppliers, customers and other contractual parties;
social attitudes regarding the utility, natural gas and power industries;
identification of suitable investment opportunities to enhance shareholder returns and achieve long-term financial objectives through business acquisitions and divestitures;
increased pension and healthcare costs;
the impact of extraordinary external events, such as the current pandemic health event resulting from COVID-19, and their collateral consequences, including extended disruption of economic activity in our markets;
costs and other effects of legal and administrative proceedings, settlements, investigations, claims and matters, including, but not limited to, those described in this Form 10-Q;
difficulty in making accurate assumptions and projections regarding future revenues and costs associated with the Company's equity investment in Enable that the Company does not control; and
1


other risk factors listed in the reports filed by the Company with the Securities and Exchange Commission, including those listed within "Item 1A. Risk Factors" in the Company's 2019 Form 10-K and "Item 1A. Risk Factors" of "Part II - Other Information" herein.

The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
2


PART I. FINANCIAL INFORMATION

Item 1. Financial Statements.

OGE ENERGY CORP.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
Three Months Ended June 30,Six Months Ended June 30,
(In millions, except per share data)2020201920202019
OPERATING REVENUES
Revenues from contracts with customers$492.0  $501.1  $912.4  $978.5  
Other revenues11.5  12.6  22.4  25.2  
Operating revenues503.5  513.7  934.8  1,003.7  
COST OF SALES137.4  178.7  272.4  391.3  
OPERATING EXPENSES  
Other operation and maintenance117.5  119.8  237.5  238.8  
Depreciation and amortization97.3  84.3  191.7  166.7  
Taxes other than income25.9  20.9  51.5  47.2  
Operating expenses240.7  225.0  480.7  452.7  
OPERATING INCOME125.4  110.0  181.7  159.7  
OTHER INCOME (EXPENSE)  
Equity in earnings (losses) of unconsolidated affiliates26.9  35.8  (719.6) 66.5  
Allowance for equity funds used during construction1.3  1.2  2.6  2.7  
Other net periodic benefit expense(1.0) (0.3) (1.5) (7.3) 
Other income14.1  5.0  21.5  11.7  
Other expense(12.4) (4.4) (18.5) (10.1) 
Net other income (expense)28.9  37.3  (715.5) 63.5  
INTEREST EXPENSE  
Interest on long-term debt38.8  31.8  75.4  64.4  
Allowance for borrowed funds used during construction(0.5) (0.6) (1.0) (1.6) 
Interest on short-term debt and other interest charges2.5  4.7  4.7  7.7  
Interest expense40.8  35.9  79.1  70.5  
INCOME (LOSS) BEFORE TAXES113.5  111.4  (612.9) 152.7  
INCOME TAX EXPENSE (BENEFIT)27.6  11.2  (207.0) 5.4  
NET INCOME (LOSS)$85.9  $100.2  $(405.9) $147.3  
BASIC AVERAGE COMMON SHARES OUTSTANDING200.2  200.2  200.2  200.1  
DILUTED AVERAGE COMMON SHARES OUTSTANDING200.5  200.6  200.2  200.5  
BASIC EARNINGS (LOSS) PER AVERAGE COMMON SHARE$0.43  $0.50  $(2.03) $0.74  
DILUTED EARNINGS (LOSS) PER AVERAGE COMMON SHARE$0.43  $0.50  $(2.03) $0.73  











The accompanying Notes to Condensed Consolidated Financial Statements are an integral part hereof.
3


OGE ENERGY CORP.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Unaudited)
Three Months Ended June 30,Six Months Ended June 30,
(In millions)2020201920202019
Net income (loss)$85.9  $100.2  $(405.9) $147.3  
Other comprehensive income (loss), net of tax:  
Pension Plan and Restoration of Retirement Income Plan:  
Amortization of deferred net loss, net of tax of $0.3, $0.3, $0.6 and $0.5, respectively1.2  1.0  2.0  1.7  
Settlement cost, net of tax of $0.1, $0.1, $0.1 and $2.3, respectively0.2  0.5  0.2  7.1  
Postretirement benefit plans:  
Amortization of prior service credit, net of tax of ($0.1), ($0.1), ($0.3) and ($0.2), respectively(0.4) (0.4) (0.8) (0.9) 
Amortization of deferred net gain, net of tax of $0.0, $0.0, $0.0 and $0.0, respectively(0.1) (0.1) (0.1) (0.1) 
Other comprehensive loss from unconsolidated affiliates, net of tax of $0.0, $0.0, ($0.4) and $0.0, respectively    (1.3)   
Other comprehensive income (loss), net of tax0.9  1.0    7.8  
Comprehensive income (loss)$86.8  $101.2  $(405.9) $155.1  






























The accompanying Notes to Condensed Consolidated Financial Statements are an integral part hereof.
4


OGE ENERGY CORP.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Six Months Ended June 30,
(In millions)20202019
CASH FLOWS FROM OPERATING ACTIVITIES  
Net income (loss)$(405.9) $147.3  
Adjustments to reconcile net income (loss) to net cash provided from operating activities:
Depreciation and amortization191.7  166.7  
Deferred income taxes and investment tax credits, net(226.7) (1.9) 
Equity in (earnings) losses of unconsolidated affiliates719.6  (66.5) 
Distributions from unconsolidated affiliates55.0  70.6  
Allowance for equity funds used during construction(2.6) (2.7) 
Stock-based compensation expense4.3  5.9  
Regulatory assets(6.1) (25.6) 
Regulatory liabilities(26.7) (21.1) 
Other assets1.3  (3.2) 
Other liabilities(15.6) 13.9  
Change in certain current assets and liabilities:  
Accounts receivable and accrued unbilled revenues, net(35.8) (12.5) 
Income taxes receivable10.4  3.6  
Fuel, materials and supplies inventories(1.5) 7.2  
Fuel recoveries71.9  (28.9) 
Other current assets(10.8) (4.5) 
Accounts payable(51.2) (83.4) 
Other current liabilities(8.0) (36.1) 
Net cash provided from operating activities263.3  128.8  
CASH FLOWS FROM INVESTING ACTIVITIES  
Capital expenditures (less allowance for equity funds used during construction)(280.8) (314.5) 
Investment in unconsolidated affiliates(1.5) (3.2) 
Net cash used in investing activities(282.3) (317.7) 
CASH FLOWS FROM FINANCING ACTIVITIES  
Proceeds from long-term debt297.2  295.9  
Increase (decrease) in short-term debt(37.0) 207.5  
Payment of long-term debt  (250.0) 
Dividends paid on common stock(156.8) (148.6) 
Cash paid for employee equity-based compensation and expense of common stock(7.2) (10.2) 
Purchase of treasury stock(9.7)   
Net cash provided from financing activities86.5  94.6  
NET CHANGE IN CASH AND CASH EQUIVALENTS67.5  (94.3) 
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD  94.3  
CASH AND CASH EQUIVALENTS AT END OF PERIOD$67.5  $  





The accompanying Notes to Condensed Consolidated Financial Statements are an integral part hereof.
5


OGE ENERGY CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
June 30,December 31,
(In millions)20202019
ASSETS  
CURRENT ASSETS  
Cash and cash equivalents$67.5  $  
Accounts receivable, less reserve of $2.0 and $1.5, respectively160.6  153.8  
Accrued unbilled revenues93.7  64.7  
Income taxes receivable0.5  10.9  
Fuel inventories42.7  46.3  
Materials and supplies, at average cost98.8  90.6  
Fuel clause under recoveries  39.5  
Other35.2  24.4  
Total current assets499.0  430.2  
OTHER PROPERTY AND INVESTMENTS
Investment in unconsolidated affiliates376.5  1,151.5  
Other79.2  82.7  
Total other property and investments455.7  1,234.2  
PROPERTY, PLANT AND EQUIPMENT  
In service13,005.4  12,771.1  
Construction work in progress124.0  141.6  
Total property, plant and equipment13,129.4  12,912.7  
Less: accumulated depreciation3,957.3  3,868.1  
Net property, plant and equipment9,172.1  9,044.6  
DEFERRED CHARGES AND OTHER ASSETS  
Regulatory assets299.4  306.0  
Other12.9  9.3  
Total deferred charges and other assets312.3  315.3  
TOTAL ASSETS$10,439.1  $11,024.3  




















The accompanying Notes to Condensed Consolidated Financial Statements are an integral part hereof.
6


OGE ENERGY CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)
(Unaudited)
June 30,December 31,
(In millions)20202019
LIABILITIES AND STOCKHOLDERS' EQUITY  
CURRENT LIABILITIES  
Short-term debt$75.0  $112.0  
Accounts payable144.2  194.9  
Dividends payable77.6  77.6  
Customer deposits82.7  83.0  
Accrued taxes57.5  41.9  
Accrued interest40.3  37.9  
Accrued compensation38.7  40.6  
Fuel clause over recoveries37.2  4.8  
Other41.4  65.2  
Total current liabilities594.6  657.9  
LONG-TERM DEBT3,493.4  3,195.2  
DEFERRED CREDITS AND OTHER LIABILITIES  
Accrued benefit obligations214.3  225.0  
Deferred income taxes1,165.7  1,375.8  
Deferred investment tax credits7.1  7.1  
Regulatory liabilities1,206.2  1,223.5  
Other193.6  200.3  
Total deferred credits and other liabilities2,786.9  3,031.7  
Total liabilities6,874.9  6,884.8  
COMMITMENTS AND CONTINGENCIES (NOTE 13)
STOCKHOLDERS' EQUITY  
Common stockholders' equity1,119.1  1,131.3  
Retained earnings2,473.3  3,036.1  
Accumulated other comprehensive loss, net of tax(27.9) (27.9) 
Treasury stock, at cost(0.3)   
Total stockholders' equity3,564.2  4,139.5  
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$10,439.1  $11,024.3  

















The accompanying Notes to Condensed Consolidated Financial Statements are an integral part hereof.
7


OGE ENERGY CORP.
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
(Unaudited)
Common StockTreasury Stock



(In millions)
SharesValueSharesValuePremium on Common StockRetained EarningsAccumulated Other Comprehensive (Loss) IncomeTotal
Balance at December 31, 2019200.1  $2.0    $  $1,129.3  $3,036.1  $(27.9) $4,139.5  
Net loss          (491.8)   (491.8) 
Other comprehensive loss, net of tax            (0.9) (0.9) 
Dividends declared on common stock ($0.3875 per share)          (79.3)   (79.3) 
Stock-based compensation    (0.2) 9.4  (14.5)     (5.1) 
Purchase of treasury stock    0.2  (9.7)       (9.7) 
Balance at March 31, 2020200.1  $2.0    $(0.3) $1,114.8  $2,465.0  $(28.8) $3,552.7  
Net income          85.9    85.9  
Other comprehensive income, net of tax            0.9  0.9  
Dividends declared on common stock ($0.3875 per share)          (77.6)   (77.6) 
Stock-based compensation        2.3      2.3  
Balance at June 30, 2020200.1$2.0    $(0.3) $1,117.1  $2,473.3  $