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Report of Business Segments (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Summary of OGE Energy's Business Segments

The following tables present the results of OGE Energy's business segments for the three months ended March 31, 2023 and 2022.

Three Months Ended March 31, 2023		Electric Company				Other Operations				Eliminations				Total
(In millions)
Operating revenues		$	557.2			$	—			$	—			$	557.2
Fuel, purchased power and direct transmission expense			200.6				—				—				200.6
Other operation and maintenance			131.5				(1.1	)			—				130.4
Depreciation and amortization			121.2				—				—				121.2
Taxes other than income			27.1				1.4				—				28.5
Operating income (loss)			76.8				(0.3	)			—				76.5
Other income (expense)			15.3				4.5				(3.4	)			16.4
Interest expense			45.7				5.5				(3.4	)			47.8
Income tax expense			6.6				0.2				—				6.8
Net income (loss)		$	39.8			$	(1.5	)		$	—			$	38.3
Total assets		$	12,762.7			$	587.1			$	(559.5	)		$	12,790.3

Three Months Ended March 31, 2022		Electric Company				Natural Gas Midstream Operations				Other Operations				Eliminations				Total
(In millions)
Operating revenues		$	589.3			$	—			$	—			$	—			$	589.3
Fuel, purchased power and direct transmission expense			255.7				—				—				—				255.7
Other operation and maintenance			115.5				0.7				(1.2	)			—				115.0
Depreciation and amortization			107.4				—				—				—				107.4
Taxes other than income			26.8				—				1.3				—				28.1
Operating income (loss)			83.9				(0.7	)			(0.1	)			—				83.1
Gain on equity securities			—				282.3				—				—				282.3
Other income (expense)			0.7				8.7				—				(0.1	)			9.3
Interest expense			38.2				—				2.0				(0.1	)			40.1
Income tax expense			7.4				60.2				(12.5	)			—				55.1
Net income		$	39.0			$	230.1			$	10.4			$	—			$	279.5
Total assets		$	11,898.8			$	1,068.8			$	320.9			$	(194.9	)		$	13,093.6

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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