OGE · 10-Q · 2026Q1 · Full report
Revenue Performance Trends
OGE ENERGY CORP. · 2026-04-29 · Importance 37 · Surprise 32
Operating revenues increased $4.9 million, or 0.7 percent, in Q1 2026 versus Q1 2025 to $752.6 million, driven by price variance, Guaranteed Flat Bill program effects, non-residential demand, and new customer growth.,System sales revenues declined from $678.3 million in Q1 2025 to $653.4 million in Q1 2026, a decrease of $24.9 million, reflecting lower MWh sales primarily due to milder weather.,Residential revenue fell to $260.4 million from $287.3 million year-over-year, while commercial increased modestly to $212.0 million from $208.8 million, indicating a mix shift toward non-residential customers.
Key facts
- Number of customers at March 31, 2026: 915,232 versus 908,851 at March 31, 2025.
- OG&E total operating revenues for the three months ended March 31, 2026: $752.6 million.
- OG&E total operating revenues for the three months ended March 31, 2025: $747.7 million.
- System sales revenues for OG&E for the three months ended March 31, 2026: $653.4 million.
- Residential operating revenues for OG&E for the three months ended March 31, 2026: $260.4 million versus $287.3 million in 2025.
- Commercial operating revenues for OG&E for the three months ended March 31, 2026: $212.0 million versus $208.8 million in 2025.
- Change in operating revenues for OG&E year-over-year: increase of $4.9 million, or 0.7 percent for the three months ended March 31, 2026.
- MWh system sales for OG&E for the three months ended March 31, 2026: 7.7 million MWh versus 8.0 million MWh in 2025.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +0.7% | Change in operating revenues for OG&E year-over-year: increase of $4.9 million, or 0.7 percent for the three months ended March 31, 2026. |
| revenue | positive | realized | +0.4% | Commercial operating revenues for OG&E for the three months ended March 31, 2026: $212.0 million versus $208.8 million in 2025. |
| revenue | negative | realized | -0.2% | Industrial operating revenues for OG&E for the three months ended March 31, 2026: $60.7 million versus $62.2 million in 2025. |
| revenue | positive | realized | +0.1% | Transmission revenue for OG&E for the three months ended March 31, 2026: $40.7 million versus $39.8 million in 2025. |
| revenue | negative | realized | -0.1% | Oilfield operating revenues for OG&E for the three months ended March 31, 2026: $58.4 million versus $59.2 million in 2025. |
| revenue | negative | realized | — | MWh system sales for OG&E for the three months ended March 31, 2026: 7.7 million MWh versus 8.0 million MWh in 2025. |
| revenue | negative | realized | — | Total sales MWh for OG&E for the three months ended March 31, 2026: 8.0 million MWh versus 8.2 million MWh in 2025. |