XML 10 R2.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues from contracts with customers $ 688.0 $ 719.7 $ 1,424.7 $ 1,460.8
Other revenues 23.9 21.9 39.8 28.5
Operating revenues 711.9 741.6 1,464.5 1,489.3
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE 217.7 261.1 554.4 585.1
OPERATING EXPENSES        
Other operation and maintenance 138.7 127.1 275.2 248.9
Depreciation and amortization 138.1 140.6 274.5 278.0
Taxes other than income 25.8 26.2 55.7 57.4
Operating expenses 302.6 293.9 605.4 584.3
OPERATING INCOME 191.6 186.6 304.7 319.9
OTHER INCOME (EXPENSE)        
Allowance for equity funds used during construction 7.3 6.0 14.8 13.0
Other net periodic benefit expense (2.6) (2.9) (5.2) (5.5)
Other income 15.3 17.2 28.9 24.2
Other expense (7.1) (5.2) (19.4) (9.7)
Net other income 12.9 15.1 19.1 22.0
INTEREST EXPENSE        
Interest on long-term debt 71.6 66.6 137.9 128.0
Allowance for borrowed funds used during construction (3.4) (3.7) (7.0) (8.2)
Interest on short-term debt and other interest charges (1.5) 9.3 (4.3) 19.7
Interest expense 66.7 72.2 126.6 139.5
INCOME BEFORE TAXES 137.8 129.5 197.2 202.4
INCOME TAX EXPENSE 21.5 22.0 30.7 32.2
NET INCOME $ 116.3 $ 107.5 $ 166.5 $ 170.2
BASIC AVERAGE COMMON SHARES OUTSTANDING 206.5 201.3 206.4 201.3
DILUTED AVERAGE COMMON SHARES OUTSTANDING 207.8 202.1 207.5 202.0
BASIC EARNINGS PER AVERAGE COMMON SHARE $ 0.56 $ 0.53 $ 0.81 $ 0.85
DILUTED EARNINGS PER AVERAGE COMMON SHARE $ 0.56 $ 0.53 $ 0.8 $ 0.84
Other comprehensive income, net of tax $ 0.1 $ 0.1    
Comprehensive income 116.4 107.6 $ 166.6 $ 170.4
OG&E [Member]        
Revenues from contracts with customers 688.0 719.7 1,424.7 1,460.8
Other revenues 23.9 21.9 39.8 28.5
Operating revenues 711.9 741.6 1,464.5 1,489.3
FUEL, PURCHASED POWER AND DIRECT TRANSMISSION EXPENSE 217.7 261.1 554.4 585.1
OPERATING EXPENSES        
Other operation and maintenance 138.6 126.3 275.4 248.1
Depreciation and amortization 138.1 140.6 274.5 278.0
Taxes other than income 25.8 26.2 55.7 57.4
Operating expenses 302.5 293.1 605.6 583.5
OPERATING INCOME 191.7 187.4 304.5 320.7
OTHER INCOME (EXPENSE)        
Allowance for equity funds used during construction 7.3 6.0 14.8 13.0
Other net periodic benefit expense (2.5) (2.6) (5.0) (5.1)
Other income 6.4 4.1 9.1 9.4
Other expense (0.6) (0.5) (1.4) (1.4)
Net other income 10.6 7.0 17.5 15.9
INTEREST EXPENSE        
Interest on long-term debt 65.9 60.8 126.5 116.4
Allowance for borrowed funds used during construction (3.4) (3.7) (7.0) (8.2)
Interest on short-term debt and other interest charges (4.1) 6.3 (11.1) 12.0
Interest expense 58.4 63.4 108.4 120.2
INCOME BEFORE TAXES 143.9 131.0 213.6 216.4
INCOME TAX EXPENSE 23.8 23.3 35.6 37.7
NET INCOME 120.1 107.7 178.0 178.7
Other comprehensive income, net of tax 0.0 0.0 0.0 0.0
Comprehensive income $ 120.1 $ 107.7 $ 178.0 $ 178.7