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Report of Business Segments (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Summary of OGE Energy's Business Segments

The following tables, which include significant segment expenses, present the results of OGE Energy's business segments for the years ended December 31, 2024, 2023 and 2022.


2024		Electric Company				Other Operations				Eliminations				Total
(In millions)
Operating revenues		$	2,985.3			$	—			$	—			$	2,985.3
Fuel, purchased power and direct transmission expense			1,076.4				—				—				1,076.4
Other operation and maintenance			514.1				0.3				—				514.4
Depreciation and amortization			539.5				—				—				539.5
Taxes other than income			109.7				—				—				109.7
Operating income (loss)			745.6				(0.3	)			—				745.3
Other income			31.9				2.4				(4.5	)			29.8
Interest expense			214.4				44.6				(4.5	)			254.5
Income tax expense (benefit)			93.2				(14.1	)			—				79.1
Net income (loss)		$	469.9			$	(28.4	)		$	—			$	441.5
Total assets		$	13,581.3			$	402.9			$	(268.2	)		$	13,716.0
Capital expenditures		$	1,090.9			$	—			$	—			$	1,090.9


2023		Electric Company				Other Operations				Eliminations				Total
(In millions)
Operating revenues		$	2,674.3			$	—			$	—			$	2,674.3
Fuel, purchased power and direct transmission expense			911.7				—				—				911.7
Other operation and maintenance			505.0				(2.4	)			—				502.6
Depreciation and amortization			506.6				—				—				506.6
Taxes other than income			99.4				3.8				—				103.2
Operating income (loss)			651.6				(1.4	)			—				650.2
Other income			43.5				8.1				(7.4	)			44.2
Interest expense			199.9				28.9				(7.4	)			221.4
Income tax expense (benefit)			68.8				(12.6	)			—				56.2
Net income (loss)		$	426.4			$	(9.6	)		$	—			$	416.8
Total assets		$	12,642.6			$	301.1			$	(153.0	)		$	12,790.7
Capital expenditures		$	1,178.2			$	—			$	—			$	1,178.2


2022		Electric Company				Natural Gas Midstream Operations (A)				Other Operations				Eliminations				Total
(In millions)
Operating revenues		$	3,375.7			$	—			$	—			$	—			$	3,375.7
Fuel, purchased power and direct transmission expense			1,662.4				—				—				—				1,662.4
Other operation and maintenance			491.9				12.6				(3.1	)			—				501.4
Depreciation and amortization			460.9				—				—				—				460.9
Taxes other than income			98.0				0.1				3.4				—				101.5
Operating income (loss)			662.5				(12.7	)			(0.3	)			—				649.5
Gain on equity securities			—				282.1				—				—				282.1
Other income			11.2				10.0				4.9				(2.1	)			24.0
Interest expense			157.8				—				10.6				(2.1	)			166.3
Income tax expense (benefit)			76.4				48.1				(0.9	)			—				123.6
Net income (loss)		$	439.5			$	231.3			$	(5.1	)		$	—			$	665.7
Total assets		$	12,410.5			$	1.2			$	683.7			$	(550.7	)		$	12,544.7
Capital expenditures		$	1,050.9			$	—			$	—			$	—			$	1,050.9

(A) During 2022, OGE Energy held an investment in Energy Transfer's equity securities and reported the investment's activity, as well as Enable legacy pension and postretirement costs, through the natural gas midstream operations segment. As of the end of September 2022, OGE Energy sold all of Energy Transfer's limited partner units; therefore, beginning in 2023, OGE Energy no longer has a natural gas midstream operations segment.