debt_leverage_profile
1.08x Total Debt / Equity (Elevated leverage)
High
SEC-XBRL
interest_rate_sensitivity
Each 100bps rate rise increases annual interest expense ~$20-30M given ~$3B long-term debt; regulated ROE adjustments provide partial offset via rate cases
Inferred
Agent_Inference
geopolitical_supply_exposure
High intensity; European gas dependency on Russia exposed structural energy security vulnerabilities.
Medium
GICS-commodity-overlay-v1
supply_chain_dependency
Gulf Coast natural gas pipeline infrastructure (Midcontinent/SONAT corridors) and transformer/electrical equipment manufacturing concentrated in Asia
Inferred
Agent_Inference
international_expansion_readiness
null
Inferred
Agent_Inference
geographic_footprint
Virtually no international revenue; operations confined to Oklahoma and western Arkansas; sovereign currency devaluation risk is effectively zero
Inferred
Agent_Inference
commodity_exposure_profile
High intensity; commodities: Natural Gas, Coal, Uranium, Crude Oil, Copper (grid), Lithium (storage); geopolitical: European gas dependency on Russia exposed structural energy security vulnerabilities.
Medium
GICS-commodity-overlay-v1
vendor_lock_dependency_score
Natural gas supply via OGE's pipeline affiliate Enable/Enable successor (now ONEOK) represents significant non-substitutable fuel input; high dependency score ~7/10
Inferred
Agent_Inference
business_model_type_primary
Regulated electric utility; cloud infrastructure termination would cause minimal operational disruption; core grid operations run on owned SCADA/OT systems
Inferred
Agent_Inference
business_model_type_secondary
Non-utility holding company investments (historically Enable Midstream equity stake, now divested); no meaningful cloud-dependent secondary model
Inferred
Agent_Inference
switching_cost_profile
Minimal API coupling risk; utility operations rely on proprietary OT/SCADA systems, not third-party APIs; switching cost for customers is regulatory, not technical
Inferred
Agent_Inference
howey_test_risk_index
Very low; revenue from regulated electricity tariffs approved by OCC/APSC; no investment contract characteristics; Howey Test risk score ~1/10
Inferred
Agent_Inference
regulatory_burden_tier
Very High
Medium
GICS-regulatory-overlay-v1
data_sovereignty_risk
Low exposure; primarily serves Oklahoma/Arkansas retail customers; limited PII data flows; CCPA applicability minimal; GDPR essentially inapplicable
Inferred
Agent_Inference
antitrust_exposure_flag
Low; operates as state-sanctioned regulated monopoly; geographic exclusivity is legally granted, not competitively acquired; no meaningful antitrust exposure
Inferred
Agent_Inference
regulatory_exposure_profile
Very High burden; regimes: FERC, NERC, EPA, NRC, State PUCs, DOE; Rate-case lag and clean-energy mandates compress returns on regulated asset base.
Medium
GICS-regulatory-overlay-v1
revenue_model_type
~95% recurring via regulated tariff-based electricity sales under multi-year rate structures; <5% transactional or unregulated revenue
Inferred
Agent_Inference
monetization_vector
Per-kilowatt-hour tariff charges to ~880,000 retail customers across residential, commercial, and industrial segments under cost-of-service regulation
Inferred
Agent_Inference
pricing_architecture
Rate case-dependent; OCC/APSC set allowed ROE (~9-10%); fuel adjustment clauses pass through gas costs; limited pricing flexibility outside regulatory proceedings
Inferred
Agent_Inference
pricing_power_rating
Moderate; regulated ROE floor provides stability but caps upside; inflation pass-through via fuel clauses and rate cases typically lags 12-24 months; rating 5/10
Inferred
Agent_Inference
target_gross_margin_bracket
54.9% Gross Margin (Strong (40-60%))
High
SEC-XBRL
churn_vulnerability_index
Negligible churn risk; electric utility monopoly franchise; no free-rider problem; customer attrition only through relocation or business closure
Inferred
Agent_Inference
headcount_cost_structure
Sublinear growth; utility O&M scales modestly with customer additions; doubling revenue would not require doubling headcount; capital-intensive not labor-intensive model
Inferred
Agent_Inference
marginal_cost_of_growth
Marginal cost of serving incremental customers is primarily capital (poles, wires, transformers); operating leverage improves at scale; growth is capital-linear not headcount-linear
Inferred
Agent_Inference
franchise_compliance_risk
null
Inferred
Agent_Inference
customer_acquisition_metric
At 10x scale unit economics would improve via fixed-cost leverage; however regulatory compact limits excess returns; CAC effectively zero given captive service territory
Inferred
Agent_Inference
network_effect_present
No meaningful network effects; grid reliability has public-good characteristics but adding customers does not increase value for existing customers; score 1/10
Inferred
Agent_Inference
asset_efficiency_ratio
3.9% Return on Assets (Excellent)
High
SEC-XBRL
recession_resistance_tier
Tier 1 recession-resistant; electricity is essential service; residential load stable through downturns; industrial load (~25% of revenue) moderately cyclical
Inferred
Agent_Inference
customer_segment_primary
Residential customers (~50% of revenue, ~800K+ accounts); no single customer exceeds 5% of revenue
Inferred
Agent_Inference
customer_segment_secondary
Commercial and industrial customers (~45% of revenue); largest industrial accounts in oil & gas and manufacturing sectors in Oklahoma
Inferred
Agent_Inference
characteristic_occupations
["11-0000 Management Occupations", "13-0000 Business and Financial Operations Occupations", "15-0000 Computer and Mathematical Occupations", "17-0000 Architecture and Engineering Occupations", "23-0000 Legal Occupations", "41-0000 Sales and Related Occupations", "43-0000 Office and Administrative Support Occupations", "47-0000 Construction and Extraction Occupations", "49-0000 Installation, Maintenance, and Repair Occupations"]
High
SOC-2018/GICS-overlay
agent_automatable_labor_share
0.34 (HIL — ~34% of characteristic roles agent-automatable)
Medium
SOC-2018 + agentic-exposure-v1
capital_expenditure_profile
Capital actively reallocating toward grid modernization, renewable generation (wind/solar), and transmission infrastructure; legacy coal retirement accelerating capex transition
Inferred
Agent_Inference
sec_cik
0001021635
High
SEC-EDGAR
ticker
OGE
High
SEC-EDGAR