HIGHBuilt-inGeographic
92%
Oklahoma
“10-K Item 1: 'OG&E derived 92 percent of its total electric operating revenues in 2025 from sales in Oklahoma'”
OGE · Concentration risk · 10-K extracted
OGE Energy (OGE) concentration risks
Updated
The most significant concentration OGE Energy discloses is Oklahoma at 92%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: OGE Energy’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH3
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inRegulatory
88%
OCC
“10-K Item 1: '88 percent of OG&E's electric revenue was subject to the jurisdiction of the OCC'”
HIGHBuilt-inCommodity
57%
natural gas
“10-K Item 1: 'Natural gas | | | 57 | %'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is defined by a high degree of geographic, regulatory, and commodity focus that are mutually reinforcing. The geographic exposure is the dominant disclosed item: OG&E derived 92% of its total electric operating revenues in 2025 from sales in Oklahoma, a high-share structural concentration. Correspondingly, 88% of OG&E's electric revenue was subject to the jurisdiction of the Oklahoma Corporation Commission (OCC), meaning the regulatory framework for the large majority of the business is determined by a single state regulator. Both exposures are structural — they reflect the nature of a franchise utility with a defined service territory rather than a choice that could be readily altered. On the commodity side, natural gas is disclosed as the largest single fuel source in the generation mix. However, the percentage appears only in a pipe-delimited table in the source filing, so it is described qualitatively here: natural gas represents a high share of fuel input by disclosed size. This commodity dependency means fuel cost and availability in the natural gas market are a direct driver of operating economics, and price volatility passes through to earnings and, where not recovered through rate mechanisms, to customer affordability. Together, these three concentrations compound each other: the company is a high-share Oklahoma franchise, regulated primarily by the OCC, with a high-share natural gas fuel dependency. Each axis of concentration is structural and difficult to diversify on any near-term horizon.
For the engine’s reasoning on OGE’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Utilities - Regulated Electric
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| OGE● | OGE Energy Corp | 3 | 0 | 0 | 3 |
| CNP | CenterPoint Energy, Inc (Holdin | 2 | 2 | 0 | 4 |
| D | Dominion Energy, Inc. | 2 | 1 | 0 | 3 |
| AEE | Ameren Corporation | 2 | 0 | 0 | 2 |
| AEP | American Electric Power Company | 0 | 2 | 0 | 2 |
| CMS | CMS Energy Corporation | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.