OGE · 10-Q · 2026Q1 · Full report
Working Capital Changes
OGE ENERGY CORP. · 2026-04-29 · Importance 68 · Surprise 46
Accounts Receivable and Accrued Unbilled Revenues decreased $51.3 million, or 12.1 percent, at March 31, 2026 versus December 31, 2025, due to lower customer billings reflecting reduced usage in early 2026.,Accounts Payable decreased $67.7 million, or 19.3 percent, and Accrued Taxes decreased $20.2 million, or 38.1 percent, primarily because of timing of vendor and tax payments.,Short-term Debt increased $200.4 million, or 68.6 percent, to support general operating needs, and Accrued Compensation decreased $20.9 million, or 38.5 percent, due to 2025 incentive payouts in Q1 2026.
Key facts
- Short-term debt increased $200.4 million, or 68.6 percent, at March 31, 2026 compared to December 31, 2025.
- Accrued compensation decreased $20.9 million, or 38.5 percent, at March 31, 2026 compared to December 31, 2025 due primarily to 2025 incentive compensation payouts occurring during Q1 2026.
- Accounts receivable and accrued unbilled revenues decreased $51.3 million, or 12.1 percent, at March 31, 2026 compared to December 31, 2025.
- Accounts payable decreased $67.7 million, or 19.3 percent, at March 31, 2026 compared to December 31, 2025.
- Accrued taxes decreased $20.2 million, or 38.1 percent, at March 31, 2026 compared to December 31, 2025.
- Accrued interest increased $13.8 million, or 20.1 percent, at March 31, 2026 compared to December 31, 2025.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -1.4% | Short-term debt increased $200.4 million, or 68.6 percent, at March 31, 2026 compared to December 31, 2025. |
| liability | positive | realized | +0.5% | Accounts payable decreased $67.7 million, or 19.3 percent, at March 31, 2026 compared to December 31, 2025. |
| assets | negative | realized | -0.3% | Accounts receivable and accrued unbilled revenues decreased $51.3 million, or 12.1 percent, at March 31, 2026 compared to December 31, 2025. |
| liability | positive | realized | +0.1% | Accrued compensation decreased $20.9 million, or 38.5 percent, at March 31, 2026 compared to December 31, 2025 due primarily to 2025… |
| cash | negative | realized | -0.1% | Accrued compensation decreased $20.9 million, or 38.5 percent, at March 31, 2026 compared to December 31, 2025 due primarily to 2025… |
| liability | positive | realized | +0.1% | Accrued taxes decreased $20.2 million, or 38.1 percent, at March 31, 2026 compared to December 31, 2025. |
| liability | negative | realized | -0.1% | Accrued interest increased $13.8 million, or 20.1 percent, at March 31, 2026 compared to December 31, 2025. |