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Report of Business Segments (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2023 and 2022.


Three Months Ended June 30, 2023		Electric Company				Other Operations				Eliminations				Total
(In millions)
Operating revenues		$	605.0			$	—			$	—			$	605.0
Fuel, purchased power and direct transmission expense			181.8				—				—				181.8
Other operation and maintenance			128.6				(0.3	)			—				128.3
Depreciation and amortization			124.1				—				—				124.1
Taxes other than income			23.5				0.9				—				24.4
Operating income (loss)			147.0				(0.6	)			—				146.4
Other income			13.2				4.4				(3.1	)			14.5
Interest expense			52.1				8.7				(3.1	)			57.7
Income tax expense (benefit)			16.2				(1.4	)			—				14.8
Net income (loss)		$	91.9			$	(3.5	)		$	—			$	88.4
Total assets		$	12,492.9			$	686.8			$	(575.1	)		$	12,604.6


Three Months Ended June 30, 2022		Electric Company				Natural Gas Midstream Operations				Other Operations				Eliminations				Total
(In millions)
Operating revenues		$	803.7			$	—			$	—			$	—			$	803.7
Fuel, purchased power and direct transmission expense			393.3				—				—				—				393.3
Other operation and maintenance			118.3				0.5				(0.7	)			—				118.1
Depreciation and amortization			111.6				—				—				—				111.6
Taxes other than income			23.3				0.1				0.7				—				24.1
Operating income (loss)			157.2				(0.6	)			—				—				156.6
Loss on equity securities			—				(39.6	)			—				—				(39.6	)
Other income (expense)			(0.3	)			12.4				—				(0.4	)			11.7
Interest expense			39.8				—				3.0				(0.4	)			42.4
Income tax expense (benefit)			16.4				(8.9	)			5.7				—				13.2
Net income (loss)		$	100.7			$	(18.9	)		$	(8.7	)		$	—			$	73.1
Total assets		$	12,317.2			$	401.7			$	751.9			$	(632.8	)		$	12,838.0


Six Months Ended June 30, 2023		Electric Company				Other Operations				Eliminations				Total
(In millions)
Operating revenues		$	1,162.2			$	—			$	—			$	1,162.2
Fuel, purchased power and direct transmission expense			382.4				—				—				382.4
Other operation and maintenance			260.1				(1.4	)			—				258.7
Depreciation and amortization			245.3				—				—				245.3
Taxes other than income			50.6				2.3				—				52.9
Operating income (loss)			223.8				(0.9	)			—				222.9
Other income			28.5				8.9				(6.5	)			30.9
Interest expense			97.8				14.2				(6.5	)			105.5
Income tax expense (benefit)			22.8				(1.2	)			—				21.6
Net income (loss)		$	131.7			$	(5.0	)		$	—			$	126.7
Total assets		$	12,492.9			$	686.8			$	(575.1	)		$	12,604.6


Six Months Ended June 30, 2022		Electric Company				Natural Gas Midstream Operations				Other Operations				Eliminations				Total
(In millions)
Operating revenues		$	1,393.0			$	—			$	—			$	—			$	1,393.0
Fuel, purchased power and direct transmission expense			649.0				—				—				—				649.0
Other operation and maintenance			233.8				1.2				(1.9	)			—				233.1
Depreciation and amortization			219.0				—				—				—				219.0
Taxes other than income			50.1				0.1				2.0				—				52.2
Operating income (loss)			241.1				(1.3	)			(0.1	)			—				239.7
Gain on equity securities			—				242.7				—				—				242.7
Other income			0.4				21.1				—				(0.5	)			21.0
Interest expense			78.0				—				5.0				(0.5	)			82.5
Income tax expense (benefit)			23.8				51.3				(6.8	)			—				68.3
Net income		$	139.7			$	211.2			$	1.7			$	—			$	352.6
Total assets		$	12,317.2			$	401.7			$	751.9			$	(632.8	)		$	12,838.0