OGE · 10-Q · 2026Q1 · Full report
Operating Expense Trends
OGE ENERGY CORP. · 2026-04-29 · Importance 36 · Surprise 40
Other operation and maintenance expense increased $15.0 million, or 12.3%, in Q1 2026 versus Q1 2025. The increase was primarily due to higher energy efficiency program activities and services (which OG&E notes are recoverable through riders), higher contract professional services, and increased uncollectible accounts. These increases were partially offset by lower contract technical and construction services driven by project timing. The change represents a notable shift in near-term operating cost composition and impacts margins before recoverable items.
Key facts
- Other operation and maintenance expense increased $15.0 million, or 12.3 percent, year-over-year for the three months ended March 31, 2026.
- Other operation and maintenance expense for OG&E for the three months ended March 31, 2026: $136.8 million versus $121.8 million in 2025.
- Net other income decreased $2.6 million, or 22.5 percent, primarily due to decreased interest income related to the carrying charge for the higher fuel under recovery balance in early 2025.
- Depreciation and amortization expense for OG&E for the three months ended March 31, 2026: $136.4 million versus $137.4 million in 2025.
- Other O&M increase was primarily due to increased energy efficiency program activities and services, contract professional services, and uncollectible accounts, partially offset by lower contract technical and construction services.
- Depreciation and amortization decreased $1.0 million, or 0.7 percent, year-over-year for the three months ended March 31, 2026.
- Net other income for OG&E for the three months ended March 31, 2026: $2.7 million versus $5.3 million in 2025.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -2.0% | Other operation and maintenance expense increased $15.0 million, or 12.3 percent, year-over-year for the three months ended March 31, 2026. |
| net_income | negative | realized | -0.3% | Net other income decreased $2.6 million, or 22.5 percent, primarily due to decreased interest income related to the carrying charge for… |
| operating_income | positive | realized | +0.1% | Depreciation and amortization expense for OG&E for the three months ended March 31, 2026: $136.4 million versus $137.4 million in 2025. |
| operating_income | negative | realized | — | Other O&M increase was primarily due to increased energy efficiency program activities and services, contract professional services, and… |