CluenexOGE Energy OGE
OGE Energy scores average on business quality (5.1 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What OGE Energy does
OGE Energy generates and distributes electricity primarily through its regulated utility, Oklahoma Gas and Electric, serving retail customers across Oklahoma and western Arkansas.
- What it does best
OGE holds a localized distribution monopoly in its core service area, backed by a top decile free cash flow margin of 90% in its sector. This physical territory lock-in makes service duplication economically impossible for rivals.
- The main risk
Rising interest rates pose a continuous threat to capital-intensive utilities by elevating borrowing costs. With total debt at $5.7 billion and interest coverage at 3.0x, servicing debt obligations constrains financial flexibility.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 24.2% while return on equity is 9.5%, reflecting stable utility returns that improve modestly with capital base expansion.
The utility franchise creates a strict regulatory moat locking in regional consumers. Its operating margin ranks in the middle of the pack at 68th percentile, bounded by rate-case caps.
Revenue grew at a rate of 9.2% to $3.2 billion, showing a rebound compared to prior historical periods.
Debt-to-equity sits at 1.1x with interest coverage of 3.0x, while free cash flow recovered to $274 million, keeping the balance sheet under moderate pressure.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 sold $300K outside pre-planned sales.
Our sealed record on OGE
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
OGE Energy scores average on the Cluenex quality check (5.1 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health fair.
In the last 90 days of SEC Form 4 filings: 1 sold $300K outside pre-planned sales.
Oct 28, 2026.
See OGE today
- Today's verdict on OGE, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “OGE Energy (OGE)”, https://cluenex.com/stocks/oge/, data as of Oct 10, 2026.