OGE Energy Corporation (OGE)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	473,000	482,600	516,700	499,800	789,300	1,138,900	1,113,100	1,149,800	878,500	553,500	498,100	488,600	-301,100	-340,700	-302,200	-304,300	463,400	493,000	456,700	473,900
Revenue (ttm)	US$ in thousands	2,674,300	2,819,500	3,144,900	3,343,600	3,375,700	3,245,100	2,838,700	2,612,400	3,653,700	3,557,800	3,395,500	3,321,600	2,122,300	2,109,400	2,162,700	2,172,900	2,231,600	2,270,900	2,214,300	2,267,600
Pretax margin		17.69%	17.12%	16.43%	14.95%	23.38%	35.10%	39.21%	44.01%	24.04%	15.56%	14.67%	14.71%	-14.19%	-16.15%	-13.97%	-14.00%	20.77%	21.71%	20.63%	20.90%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $473,000K ÷ $2,674,300K
= 17.69%

Oge Energy Corp.'s pretax margin has displayed fluctuations over the past eight quarters. In Q4 2023, the pretax margin stood at 17.69%, which was a slight increase from the previous quarter. However, it is important to note that the pretax margin has been gradually declining since Q2 2022 when it reached its peak at 44.01%.

The downward trend in pretax margin could indicate challenges in managing operational costs or a decrease in profitability before accounting for taxes. The significant drop from Q2 2022 to Q1 2023 is particularly noteworthy, suggesting a sharp decline in profitability during that period.

Further investigation into the factors driving these fluctuations, such as changes in revenue, expenses, or one-time charges, would be necessary to fully understand the dynamics behind Oge Energy Corp.'s pretax margin performance over the period analyzed.