OGE on NYSE

OGE ENERGY CORP.

OGE ENERGY CORP. is a holding company.1 It is headquartered in Oklahoma City, Oklahoma.1

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Last updated Oct 21, 2026.

Overview

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  • TickerOGE on NYSE1
  • IndustryElectric Services1
  • HeadquartersOklahoma City, Oklahoma1
  • Incorporated inOK2
  • Business address321 N Harvey, P.O. Box 321, Oklahoma City, Ok 73101-03212
  • Filer categoryLarge accelerated filer2

OGE Energy is a holding company whose primary investment provides electricity in Oklahoma and western Arkansas. OGE Energy's electric company operations are conducted through its wholly-owned subsidiary, OG&E, which generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas and are reported through OGE Energy's electric company business segment. OG&E's rates are subject to regulation by the OCC, the APSC and the FERC. OG&E was incorporated in 1902 under the laws of the Oklahoma Territory and is the largest electric company in Oklahoma, with a franchised service territory that includes Fort Smith, Arkansas and the surrounding communities. OG&E sold its retail natural gas business in 1928 and is no longer engaged in the natural gas distribution business. OGE Energy exited its former midstream business in 2022 as a result of selling all equity securities of…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

25.1%Operating margin5
14.8%Net margin5
9.4%Revenue growth, 20255
9.5%Return on equity5
1.08×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue39¢$1.3B
  • Other costs34¢$1.1B
  • Interest8¢$270.3M
  • Income tax3¢$89.8M
  • Profit15¢$470.7M

Out of $3.2B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid30¢$341.9M
  • Kept or used elsewhere70¢$795.2M

Out of $1.1B of cash from operations.5

Financial statements

Revenue67895$3.2B in 2025+47% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $2.2B$2.2B20192020: $2.1B$2.1B2020−5%2021: $3.6B$3.6B2021+73%2022: $3.3B$3.3B2022−8%2023: $2.6B$2.6B2023−21%2024: $2.9B$2.9B2024+12%2025: $3.2B$3.2B2025+9%
Operating income67895$799.4M in 2025+59% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $504.3M$504.3M20192020: $522.2M$522.2M2020+4%2021: $544.2M$544.2M2021+4%2022: $649.5M$649.5M2022+19%2023: $650.2M$650.2M2023+0%2024: $745.3M$745.3M2024+15%2025: $799.4M$799.4M2025+7%
Net income67895$470.7M in 2025+9% since 2019
-$250.0M0$250.0M$500.0M$750.0M2019: $433.6M$433.6M20192020: -$173.7M-$173.7M20202021: $737.3M$737.3M20212022: $665.7M$665.7M2022−10%2023: $416.8M$416.8M2023−37%2024: $441.5M$441.5M2024+6%2025: $470.7M$470.7M2025+7%
Fiscal year2019202020212022202320242025
Revenue$2.2B6$2.1B7$3.6B8$3.3B9$2.6B5$2.9B5$3.2B5
Cost of revenue$786.9M6$644.6M7$2.1B8$1.7B9$911.7M5$1.1B5$1.3B5
Selling, general and admin$139.3M8$135.5M9$148.3M5
Operating expenses$981.9M8$1.1B9$1.1B5$1.2B5$1.2B5
Operating income$504.3M6$522.2M7$544.2M8$649.5M9$650.2M5$745.3M5$799.4M5
Interest$147.9M6$158.5M7$158.3M8$166.3M9$221.4M5$254.5M5$270.3M5
Income before tax$878.5M8$789.3M9$473.0M5$520.6M5$560.5M5
Income tax$29.8M6-$127.4M7$141.2M8$123.6M9$56.2M5$79.1M5$89.8M5
Net income$433.6M6-$173.7M7$737.3M8$665.7M9$416.8M5$441.5M5$470.7M5
Earnings per share$2.176-$0.877$3.688$3.339$2.085$2.205$2.335
Earnings per share (diluted)$2.166-$0.877$3.688$3.329$2.075$2.195$2.325
Shares (weighted, basic)200.1M shares8200.2M shares9200.3M shares5200.8M shares5201.9M shares5
Shares (weighted, diluted)200.3M shares8200.8M shares9200.9M shares5201.3M shares5202.5M shares5

Compare OGE ENERGY CORP. with another company

Corporate structure

OGE ENERGY CORP. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of OGE ENERGY CORP.

  • OGE ENERGY CORP. Oklahoma City, Oklahoma

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What OGE ENERGY CORP. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$744.9M5 Dec 31, 2025$814.2M5 Dec 31, 2024−8.5%
Property and equipment, before depreciation$17.9B5 Dec 31, 2025$17.1B5 Dec 31, 2024+5.2%
Accumulated depreciation$5.2B5 Dec 31, 2025$5.0B5 Dec 31, 2024+4.7%
Property and equipment, net$12.7B5 Dec 31, 2025$12.1B5 Dec 31, 2024+5.3%
Operating-lease assets (leased space)$28.3M9 Dec 31, 2024$25.9M9 Dec 31, 2023+9.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$200.0K5 Dec 31, 2025$600.0K5 Dec 31, 2024−66.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$112.0M5 Dec 31, 2025$148.3M5 Dec 31, 2024−24.5%
Supplies$212.7M5 Dec 31, 2025$229.4M5 Dec 31, 2024−7.3%

Properties, in its own words

OG&E owns and operates an interconnected electric generation, transmission and distribution system, located in Oklahoma and western Arkansas, which included 18 generating stations with an aggregate capability of 6,921 MWs at December 31, 2025. The following table presents information with respect to OG&E's electric generating facilities. Unless otherwise indicated, these electric generating facilities are located in Oklahoma.

Station & Unit · YearInstalled · Unit DesignType · FuelCapability · 2025CapacityFactor (A) · UnitCapability(MW) · StationCapability(MW)

The rest of Item 2

Seminole · 1 · 1971 · Steam-Turbine · Gas · 12.0 · 500

2 · 1973 · Steam-Turbine · Gas · 8.5 · 513

3 · 1975 · Steam-Turbine · Gas · 25.7 · 508 · 1,521

Muskogee · 4 · 1977 · Steam-Turbine · Gas · 14.5 · 498

5 · 1978 · Steam-Turbine · Gas · 16.5 · 491

6 · 1984 · Steam-Turbine · Coal · 34.6 · 521 · 1,510

Sooner · 1 · 1979 · Steam-Turbine · Coal · 30.5 · 519

2 · 1980 · Steam-Turbine · Coal · 33.5 · 519 · 1,038

Horseshoe Lake · 5A · (B) · 1971 · Combustion-Turbine · Gas/Jet Fuel · — · 33

5B · (B) · 1971 · Combustion-Turbine · Gas/Jet Fuel · 3.3 · 31

8 · 1969 · Steam-Turbine · Gas · 8.1 · 377

9 · 2000 · Combustion-Turbine · Gas · 22.2 · 45

10 · 2000 · Combustion-Turbine · Gas · 21.7 · 46 · 532

Redbud (C) · 1 · 2003 · Combined Cycle · Gas · 45.1 · 156

2 · 2003 · Combined Cycle · Gas · 30.7 · 154

3 · 2003 · Combined Cycle · Gas · 32.1 · 154

4 · 2003 · Combined Cycle · Gas · 41.2 · 155 · 619

Mustang · 6 · 2018 · Combustion-Turbine · Gas · 21.3 · 57

7 · 2018 · Combustion-Turbine · Gas · 18.2 · 56

8 · 2017 · Combustion-Turbine · Gas · 12.9 · 58

9 · 2018 · Combustion-Turbine · Gas · 3.0 · 57

10 · 2018 · Combustion-Turbine · Gas · 18.7 · 55

11 · 2018 · Combustion-Turbine · Gas · 10.6 · 58

12 · 2018 · Combustion-Turbine · Gas · — · 57 · 398

McClain (D) · 1 · 2001 · Combined Cycle · Gas · 28.8 · 375 · 375

Frontier · 1 · 1989 · Combined Cycle · Gas · 47.8 · 126 · 126

River Valley · 1 · 1991 · Steam-Turbine · Coal/Gas · 13.5 · 161

2 · 1991 · Steam-Turbine · Coal/Gas · 19.9 · 160 · 321

Total Generating Capability (all stations, excluding renewable) · 6,440

2025 Capacity Factor = 2025 Net Actual Generation / (2025 Net Maximum Capacity (Nameplate Rating in MWs) x Period Hours (8,760 Hours)). Capacity Factors are impacted by events that reduce Net Actual Generation such as outages.

Represents units located at Tinker Air Force Base that are maintained by Horseshoe Lake.

Represents OG&E's 51 percent ownership interest in the Redbud Plant.

Represents OG&E's 77 percent ownership interest in the McClain Plant.

Renewable · 2025

Station · Year Installed · Location · Number ofUnits · Fuel Capability · Capacity Factor(A) · UnitCapability(MW) · StationCapability(MW)

Crossroads · 2011 · Canton, OK · 98 · Wind · 19.1 · 2.3 · 228

Centennial · 2007 · Laverne, OK · 80 · Wind · 15.2 · 1.5 · 120

OU Spirit · 2009 · Woodward, OK · 44 · Wind · 14.3 · 2.3 · 101

Mustang · 2015 · Oklahoma City, OK · 90 · Solar · 18.9 · < 0.1 · 2

Covington · 2018 · Covington, OK · 4 · Solar · 15.7 · 2.5 · 10

Choctaw Nation · 2020 · Durant, OK · 2 · Solar · 20.5 · 2.5 · 5

Chickasaw Nation · 2020 · Davis, OK · 2 · Solar · 21.9 · 2.5 · 5

Branch · 2021 · Branch, AR · 2 · Solar · 15.7 · 2.5 · 5

Durant 2 · 2022 · Durant, OK · 2 · Solar · 25.0 · 2.5 · 5

Total Generating Capability (renewable) · 481

2025 Capacity Factor = 2025 Net Actual Generation / (2025 Net Maximum Capacity (Nameplate Rating in MWs) x Period Hours (8,760 Hours)). Capacity Factors are impacted by events that reduce Net Actual Generation such as outages.

The following table presents certain operating data relating to the OG&E's electricity transmission and distribution assets at December 31, 2025.

Oklahoma · Arkansas

Transmission system:

Substations · 55 · 7

Total capacity (million kV-amps) · 15.7 · 2.9

Structure miles - lines · 5,208 · 347

Distribution system:

Substations · 353 · 30

Total capacity (million kV-amps) · 11.4 · 1.0

Structure miles - overhead · 29,729 · 2,810

Miles of underground conduit · 3,535 · 296

Miles of underground conductors · 11,900 · 760

During the three years ended December 31, 2025, both Registrants' gross property, plant and equipment (excluding construction work in progress) additions were $3.1 billion, and gross retirements were $621.0 million. These additions were provided by cash generated from operations, short-term borrowings (through a combination of bank borrowings and commercial paper), long-term borrowings and permanent financings. The additions during this three-year period amounted to 17.5 percent of gross property, plant and equipment (excluding construction work in progress) for both Registrants at December 31, 2025.

Item 2 of the 10-K filed Feb 18, 2026.4

Leadership

Who has led OGE ENERGY CORP., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (63)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Oklahoma Gas and Electric Company Oklahoma3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • OGE ENERGY CORPSep 29, 1995 to Aug 5, 20082

Timeline

  1. Oct 8, 20268-K Executive or director change96
  2. Aug 3, 20268-K Executive or director change97
  3. Jul 29, 20268-K Results of operations98
  4. Jun 15, 20268-K Entered a material agreement; New debt or obligation99
  5. May 14, 20268-K Shareholder vote; Other events100
  6. Apr 29, 20268-K Results of operations101
  7. Apr 15, 20268-K Executive or director change102
  8. Apr 1, 20268-K Other events103
  9. Feb 25, 20268-K Executive or director change104
  10. Feb 18, 20268-K Results of operations105
  11. Dec 8, 20258-K Executive or director change106
  12. Nov 24, 20258-K Entered a material agreement; Regulation FD disclosure; Other events107
  13. Feb 22, 2018New chief executive Sean Trauschke becomes CEO16
  14. Feb 29, 2008New chief executive Peter B. Delaney becomes CEO17
  15. Jan 4, 2006New chief executive S. E. Moore becomes CEO18

Calendar

Coming up

  1. Oct 28, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $1.14 a share, on Oct 29, 2025.108

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results98
  2. Apr 29, 2026Reported quarterly or annual results101
  3. Feb 18, 2026Reported quarterly or annual results105
  4. Oct 29, 2025Reported quarterly or annual results109
  5. Jul 30, 2025Reported quarterly or annual results110
  6. Apr 30, 2025Reported quarterly or annual results111
  7. Feb 19, 2025Reported quarterly or annual results112
  8. Nov 5, 2024Reported quarterly or annual results113

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

394 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 52 major events, 251 insider forms, 11 large holders, 60 other. The latest 20:

  1. Oct 8, 20268-K EDGAR
  2. Aug 31, 20264 PRIMARY DOCUMENT EDGAR
  3. Aug 27, 2026144 EDGAR
  4. Aug 10, 20263 PRIMARY DOCUMENT EDGAR
  5. Aug 3, 20268-K EDGAR
  6. Jul 29, 20268-K EDGAR
  7. Jul 29, 202610-Q EDGAR
  8. Jul 2, 20264 PRIMARY DOCUMENT EDGAR
  9. Jun 17, 202611-K EDGAR
  10. Jun 15, 20268-K EDGAR
  11. May 22, 20264 PRIMARY DOCUMENT EDGAR
  12. May 21, 2026144 EDGAR
  13. May 14, 20268-K EDGAR
  14. May 7, 2026DEFA14A EDGAR
  15. Apr 30, 2026SCHEDULE 13G EDGAR
  16. Apr 29, 2026SCHEDULE 13G EDGAR
  17. Apr 29, 20268-K EDGAR
  18. Apr 29, 202610-Q EDGAR
  19. Apr 15, 2026DEFA14A EDGAR
  20. Apr 15, 20268-K EDGAR

The 394 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

18 open-market trades by officers, directors and large owners since October 2021: 7 buys and 11 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 27, 2026Jones Donnie O.SVP- Utility Operations (OG&E)Sale6,508$46.11$300.1KForm 4
May 21, 2026SULTEMEIER WILLIAM HGC, Corp. Sec, CCOSale7,345$47.97$352.3KForm 4
Feb 24, 2026Stafford Sarah R.Controller and CAOSale6,130$47.77$292.8KForm 4
Feb 23, 2026Ganske Lyle G.DirectorBuy10,420$47.99$500.1KForm 4
Aug 4, 2025PARKER DAVID AChief Information Officer-OG&ESale3,300$45.97$151.7KForm 4
May 28, 2025Jones Donnie O.SVP- Utility Operations (OG&E)Sale11,351$44.06$500.1KForm 4
May 21, 2025BOZICH FRANK ADirectorBuy1,000$44.69$44.7KForm 4
May 6, 2025SULTEMEIER WILLIAM HGC, Corp. Sec, CCOSale6,650$45.54$302.8KForm 4
Nov 13, 2024McQuistion Cristina FVP- Corp. Resp.& StewardshipSale5,008$42.84$214.5KForm 4
Mar 6, 2024McQuistion Cristina FVP- Corp. Resp.& StewardshipSale4,187$33.92$142.0KForm 4
Mar 14, 2023HAUSER DAVID LDirectorBuy1,000$35.09$35.1KForm 4
Mar 6, 2023Gates Cathy R.DirectorBuy100$35.85$3.6KForm 4
Feb 27, 2023RAINBOLT DAVID EDirectorBuy5,000$36.65$183.2KForm 4
Nov 11, 2022McQuistion Cristina FVP- Corp. Resp.& StewardshipSale3,067$38.23$117.3KForm 4
Mar 28, 2022Horn Patricia DVP-Governance & Corp SecSale4,015$39.95$160.4KForm 4
Mar 8, 2022McQuistion Cristina FVP- Corp. Resp.& StewardshipSale2,200$39.41$86.7KForm 4
Mar 1, 2022HAUSER DAVID LDirectorBuy1,000$37.25$37.2KForm 4
Nov 11, 2021RAINBOLT DAVID EDirectorBuy3,000$34.31$102.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

OGE ENERGY CORP. has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025S. Trauschke$1.2M$12.0M119
2025C. Walworth$551.9K$2.1M119
2025W. Sultemeier$532.3K$1.9M119
2025D. Jones$467.7K$1.7M119
2025D. Parker$378.2K$1.2M119
2024ChairmanPresident and Chief$1.2M$10.1M119
2024General CounselCorporate$517.4K$1.8M119
2024Senior Vice PresidentUtility$454.6K$1.6M119
2024Chief Information Officer$367.6K$1.1M119
2024Chief Financial Officer$348.7K$967.3K119
2023Executive Officer of$1.2M$8.4M119
2023Secretary and Chief Compliance$497.5K$1.7M119
2023Operations of OG&E$437.1K$1.5M119

SEC filer profile

How OGE ENERGY CORP. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAROGE ENERGY CORP.1
  • CIK0001021635
  • Employer ID (EIN)73-14816384
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inOklahoma4
  • Fiscal year endsDecember 311
  • Industry code (SIC)4911 Electric Services1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address321 N Harvey, P.O. Box 321, Oklahoma City, OK 73101-03211
  • Phone40555330001
  • Shares outstanding201,395,142 shares; 206,259,022 shares; 40,378,745 Og And E shares as of Jun 30, 20254
  • Public float$8.9B as of Jun 30, 20254
  • AuditorErnst & Young LLP, Oklahoma City, Oklahoma PCAOB ID 42; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceSep 29, 19951
  • Filings4,997 in all: 4 (4,086), 8-K (362), 10-Q (89), 4/A (59), 3 (57), DEFA14A (42), 10-K (30), 11-K (30)1
    All 40 form types

    DEF 14A (30), SC 13G/A (28), UPLOAD (20), 144 (18), ARS (14), CORRESP (14), S-3ASR (14), U-3A-2 (10), 424B5 (9), PRE 14A (9), 8-K/A (8), S-8 (8), 424B3 (7), NO ACT (7), SC 13G (7), S-3 (6), 424B2 (5), POS AM (5), 3/A (3), 5 (3), FWP (3), PX14A6G (2), S-8 POS (2), SCHEDULE 13G (2), 25 (1), 305B2 (1), 8-A12B/A (1), 8-B12B (1), RW (1), S-3/A (1), SCHEDULE 13G/A (1), U-3A-2/A (1)

  • Latest filingsAnnual report (10-K) Feb 18, 2026
    Quarterly report (10-Q) Jul 29, 2026
    Proxy statement (DEF 14A) Apr 1, 2026
    Latest 8-K (8-K) Oct 8, 2026

Securities registered for trading

ClassSymbolExchange
Common StockOGENew York Stock Exchange

From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks OGE ENERGY CORP. names in Item 1A of its 10-K filed Feb 18, 2026: 25 risks under these headings, as written.4

  • REGULATORY RISKS
  • The Registrants' profitability depends to a large extent on the ability of OG&E to fully recover its costs, including its cost of capital, from its customers in a timely manner, and there may be changes in the regulatory environment that impair its ability to recover costs from its customers.
  • OG&E's rates are subject to rate regulation by the states of Oklahoma and Arkansas, as well as by a federal agency, whose regulatory paradigms and goals may not be consistent.
  • Costs of compliance with environmental and other laws and regulations are significant, and the cost of compliance with future environmental and other laws and regulations may adversely affect our results of operations, financial position or liquidity.
  • We are subject to financial risks associated with climate change and the transition to a lower carbon economy.
  • We may not be able to recover the costs of our substantial investments in capital improvements and additions.
  • The regional power market in which OG&E operates has changing transmission regulatory structures, which may affect the transmission assets and related revenues and expenses.
  • Increased competition resulting from efforts to restructure utility and energy markets or deregulation could have a significant financial and load growth impact on us and consequently impact our revenue and affordability of services.
  • We are subject to substantial regulation by governmental agencies. Compliance with current and future regulatory requirements and procurement of necessary approvals, permits and certifications may result in significant costs to us.
  • OPERATIONAL RISKS
  • Our results of operations may be impacted by disruptions to fuel supply or the electric grid that are beyond our control.
  • OG&E's electric generation, transmission and distribution assets are subject to operational risks that could result in unscheduled plant outages, unanticipated operation and maintenance expenses, increased purchased power costs, accidents and third-party liability.
The other 15 risks
  • Changes in technology, regulatory policies and customer electricity consumption may cause our assets to be less competitive and impact our results of operations.
  • Weather conditions such as tornadoes, thunderstorms, ice storms, windstorms, flooding, earthquakes, prolonged droughts and the occurrence of wildfires, as well as seasonal temperature variations may adversely affect our financial position, results of operations and cash flows.
  • FINANCIAL RISKS
  • Market performance, increased retirements, changes in retirement plan regulations and increasing costs associated with our Pension Plan, health care plans and other employee-related benefits may adversely affect our financial position, results of operations or cash flows.
  • OGE Energy is a holding company with its primary asset being its subsidiary, OG&E.
  • GENERAL RISKS
  • Governmental and market reactions to events involving other public companies or other energy companies that are beyond our control may have negative impacts on our business, financial position, results of operations, cash flows and access to capital.
  • Economic conditions, including inflationary pressures and supply chain disruptions, could negatively impact our business and our results of operations.
  • We are subject to cybersecurity risks and increased reliance on processes dependent on technology.
  • The failure of our technology infrastructure, or the failure to enhance existing technology infrastructure and implement new technology, including artificial intelligence, could adversely affect our business.
  • Terrorist attacks, and the threat of terrorist attacks, have resulted in increased costs to our business and could impact our ability to operate critical infrastructure. Continued hostilities or sustained military campaigns may adversely impact our financial position, results of operations and cash flows.
  • Health epidemics and other outbreaks could adversely impact economic activity and conditions worldwide, which could have a material adverse effect on our results of operations and financial condition.
  • We face certain human resource risks associated with the availability of trained and qualified labor to meet our future staffing requirements.
  • We may be able to incur substantially more indebtedness, which may increase the risks created by our indebtedness.
  • Any reductions in our credit ratings or changes in benchmark interest rates could increase our financing costs and the cost of maintaining certain contractual relationships or limit our ability to obtain financing on favorable terms.
  • Our debt levels may limit our flexibility in obtaining additional financing and in pursuing other business opportunities.
  • We are exposed to the credit risk of our key customers and counterparties, and any material nonpayment or nonperformance by our key customers and counterparties could adversely affect our financial position, results of operations and cash flows.

Legal proceedings

In the normal course of business, the Registrants are confronted with issues or events that may result in a contingent liability. These generally relate to lawsuits or claims made by third parties, including governmental agencies. When appropriate, management consults with legal counsel and other experts to assess the claim. If, in management's opinion, the Registrants have incurred a probable loss as set forth by GAAP, an estimate is made of the loss, and the appropriate accounting entries are reflected in the Registrants' financial statements. If the assessment indicates that a potential loss is not probable but reasonably possible, the nature of the contingent matter, together with an estimate of the range of possible loss, if determinable and material, would be disclosed. At the present time, based on currently available information, except as disclosed in Note 13 within "Item 8. Financial Statements and Supplementary Data," the Registrants believe that any reasonably possible losses in excess of accrued amounts arising out of pending or threatened lawsuits or claims would not be quantitatively material to their financial statements and would not have a material adverse effect on the Registrants' financial position, results of operations or cash flows.

The opening of Item 3, Legal Proceedings.4

Sources

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  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86
  87. 87
  88. 88
  89. 89
  90. 90
  91. 91
  92. 92
  93. 93
  94. 94
  95. 95
  96. 96
  97. 97
  98. 98
  99. 99
  100. 100
  101. 101
  102. 102
  103. 103
    SEC EDGAROther events
  104. 104
  105. 105
  106. 106
  107. 107
  108. 108
  109. 109
  110. 110
  111. 111
  112. 112
  113. 113
  114. 114
  115. 115
  116. 116
  117. 117
  118. 118
  119. 119