GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » OGE Energy Corp (NYSE:OGE) » Definitions » EBIT

OGE Energy (OGE Energy) EBIT : $703 Mil (TTM As of Dec. 2023)


View and export this data going back to 1950. Start your Free Trial

What is OGE Energy EBIT?

OGE Energy's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $110 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $703 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. OGE Energy's annualized ROC % for the quarter that ended in Dec. 2023 was 3.56%. OGE Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.88%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. OGE Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.05%.


OGE Energy EBIT Historical Data

The historical data trend for OGE Energy's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

OGE Energy EBIT Chart

OGE Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 614.10 -140.70 1,040.30 959.60 701.50

OGE Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 99.60 92.90 162.20 337.70 110.00

Competitive Comparison of OGE Energy's EBIT

For the Utilities - Regulated Electric subindustry, OGE Energy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


OGE Energy's EV-to-EBIT Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, OGE Energy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where OGE Energy's EV-to-EBIT falls into.



OGE Energy EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $703 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


OGE Energy  (NYSE:OGE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

OGE Energy's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=413.2 * ( 1 - -8.56% )/( (12449.8 + 12733.2)/ 2 )
=448.56992/12591.5
=3.56 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

OGE Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=440/( ( (11225.4 + max(60.5, 0)) + (11415 + max(0.40000000000003, 0)) )/ 2 )
=440/( ( 11285.9 + 11415.4 )/ 2 )
=440/11350.65
=3.88 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(351.4 + 354.2 + 51) - (495.8 + 99.9 + 100.4)
=60.5

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(208.8 + 412.8 + 58.8) - (465.2 + 103.5 + 111.3)
=0.40000000000003

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

OGE Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=702.8/11621.984
=6.05 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


OGE Energy EBIT Related Terms

Thank you for viewing the detailed overview of OGE Energy's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


OGE Energy (OGE Energy) Business Description

Traded in Other Exchanges
Address
321 North Harvey, P.O. Box 321, Oklahoma, OK, USA, 73101-0321
OGE Energy is a holding company for Oklahoma Gas & Electric, a regulated utility with electricity generation, transmission, and distribution to 900,000 customers in Oklahoma and western Arkansas. In December 2021, OGE divested its 25.5% stake in Enable Midstream Partners, an oil and gas services company it created in 2013 through a unit exchange merger with Energy Transfer. OGE sold its 95.4 million limited partner units of Energy Transfer throughout 2022. OGE sold is retail gas business in 1928 and no longer has any gas operations.
Executives
David L Hauser director 704-731-1522, CHARLOTTE NC 28209-4674
Cathy R. Gates director C/O TEMPUR SEALY INTERNATIONAL, INC., 1000 TEMPUR WAY, LEXINGTON KY 40511
David E Rainbolt director C/O BANCFIRST CORP, 100 N BROADWAY, OKLAHOMA CITY OK 73102
Whitfield Johnny W Jr officer: VP Bus Intel, Supp Chain-OG&E PO BOX 321, OKLAHOMA CITY OK 73101
Keith E Erickson officer: VP Sales & Cust Oper (OG&E) PO BOX 321, OKLAHOMA CITY OK 73101
Cristina F Mcquistion officer: VP Process & Perf Improvement P.O. BOX 321, OKLAHOMA CITY OK 73101
Patricia D Horn officer: VP-Gov, Env; Corp Sec PO BOX 321, OKLAHOMA CITY OK 73101
David A Parker officer: VP- Tech, Data, Security-OG&E PO BOX 321, OKLAHOMA CITY OK 73101
Kissam Luther C Iv director 3801 BERESFORD ROAD, CHARLOTTE NC 28211
Christine Ostendorf Woodworth officer: VP- Corp Com Brand & Marketing C/O OGE ENERGY CORP., PO BOX 321, OKLAHOMA CITY OK 73101
J. Michael Sanner director 3701 STONEHURST, JONES OK 73049
Scott A Briggs officer: VP- Human Resources-OG&E PO BOX 321, OKLAHOMA CITY OK 73103
Robert J Burch officer: VP- Utility Technical Services PO BOX 321, OKLAHOMA CITY OK 73101
Matthew J Schuermann officer: VP- Power Supply Ops-OG&E PO BOX 321, OKLAHOMA CITY OK 73101
William Bryan Buckler officer: Chief Financial Officer C/O OGE ENERGY CORP., PO BOX 321, OKLAHOMA CITY OK 73103