Leading, Slipping, Gaining, Lagging Analysis:
Assessing Utilities Earnings Growth
Across Oklahoma Counties
Real* Utilities
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Utilities
Earnings Growth
Oklahoma:
2010-2022 = 1.49%
2022 = -1.48%
Borrowing from an approach that sometimes appears in the finance sections of the popular press, LSGL analysis is a handy and versatile way to compare, portray and classify the patterns of real utilities earnings growth across all of Oklahoma's 77 counties. In finance, this technique is used for comparing and assessing the market performance of individual securities or across industry sectors. For example, the performance of the 30 stocks contained within Dow are compared with one another over the past week in contrast to their performance over the past month using the Dow's respective averages as the points of reference.
Here in this Oklahoma Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real utilities earnings growth of Oklahoma's 77 counties over the latest available year (2022) against the backdrop of their growth over the long term period (2010-2022). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Real* Utilities
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Utilities
Earnings Growth
Oklahoma:
2010-2022 = 1.49%
2022 = -1.48%
This figure displays the 77 counties of Oklahoma as dots on a scattergram, with the vertical axis representing the average annual real utilities earnings growth rate over the long-term period (2010-2022), and the horizontal axis representing the real utilities earnings growth rate for the near-term (2022).
This figure sets apart those counties whose long-term real utilities earnings growth exceeded the statewide average of 1.49%, by portraying them in the top two quadrants demarcated at 1.49% on the vertical axis. County whose long-term average annual real utilities earnings growth rate trailed the statewide average (1.49%) are distributed in the bottom two quadrants. In all, 22 counties surpassed the statewide average over 2010-2022, while 7 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 16 counties whose most recent (2022) real utilities earnings growth rate exceeded the statewide average (-1.48%). The two quadrants on the left feature those 13 counties whose real utilities earnings growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 77 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 1.49% over 2010-2022 and -1.48% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual real utilities earnings growth rate surpassed the statewide average both long-term (1.49%) and near-term (-1.48%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual real utilities earnings growth rate exceeded the statewide average (1.49%), but whose near-term growth has "slipped" by falling below the Oklahoma average (-1.48%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real utilities earnings growth rate fell below the statewide average (1.49%), but whose near-term growth has "gained" by registering above the average (-1.48%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual real utilities earnings growth rate fell under the statewide average both long-term (1.49%) and near-term (-1.48%).
   
 
Summary of Oklahoma's 77 County Totals
 
Short Term Average
 
 
Below
(-1.48%)
Above
(-1.48%)
 
Long
Term
Average
Above
(1.49%)
9
13
22
Below
(1.49%)
4
3
7
 
13
16
29
 
   
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
Oklahoma:
2010-2022 = 1.49%
2022 = -1.48%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the Oklahoma counties classified as Leading. These counties surpassed Oklahoma's average annual real utilities earnings growth both long-term (2010-2022 = 1.49%) as well as near-term (2022 = -1.48%). Each is identified by its corresponding ranking based on it's average annual real utilities earnings growth rate over 2010-2022.
Of Oklahoma's 77 counties, 13 (17%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2022 vs. 2010-2022 Averages
Slipping Counties
Oklahoma:
2010-2022 = 1.49%
2022 = -1.48%
This figure depicts the distribution of the 9 Oklahoma counties classified as Slipping (top-left quadrant), in that their long-term average annual real utilities earnings growth rate outpaced the average statewide (2010-2022 = 1.49%), while they trailed the statewide average near-term (2022 = -1.48%). Again, each county is identified by it's corresponding ranking based on its average annual real utilities earnings growth rate over 2010-2022.
Only 9 (12%) of Oklahoma's 77 counties are classified as Slipping (). Those counties ranked by their long-term average include:
Gaining Counties
2022 vs. 2010-2022 Averages
Gaining Counties
white dot
Oklahoma:
2010-2022 = 1.49%
2022 = -1.48%
This figure shows the distribution of the 3 Oklahoma counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real utilities earnings growth rate posted below the average statewide (2010-2022 = 1.49%), while they outpaced Oklahoma's average near-term (2022 = -1.48%). Again, each county is identified by its corresponding ranking based on its average annual real utilities earnings growth rate over 2010-2022.
Of Oklahoma's 77 counties, only 4% (3) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2022 vs. 2010-2022 Averages
Lagging Counties
white dot
Oklahoma:
2010-2022 = 1.49%
2022 = -1.48%
This figure depicts the distributions of the 4 Oklahoma counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual real utilities earnings growth both long-term (2010-2022 = 1.49%) as well as near-term (2022 = -1.48%). Again, each county is identified by its corresponding ranking based on it's average annual real utilities earnings growth rate over 2010-2022.
5% of Oklahoma's counties, 4 of 77, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
Oklahoma
Real* Utilities Earnings Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
10
4.58
 
7
11.35
20,522
 
18
2.76
 
20
-0.09
14,143
 
7
6.26
 
2
24.08
31,111
 
11
4.57
 
16
3.97
7,157
 
4
10.05
 
4
18.22
29,888
 
1
33.20
 
3
21.27
15,776
 
20
2.01
 
14
5.66
302,275
 
19
2.51
 
10
8.62
4,335
 
9
4.60
 
15
4.41
15,763
 
2
16.06
 
1
60.11
61,163
 
8
5.32
 
6
12.63
19,739
 
17
2.78
 
11
8.61
3,646
 
5
9.53
 
5
16.62
32,523
Slipping Counties
 
3
10.59
 
34
-15.20
13,313
 
14
3.68
 
21
-3.05
7,982
 
16
3.36
 
24
-5.99
53,424
 
22
1.61
 
22
-3.06
18,677
 
6
8.09
 
23
-4.74
23,779
 
12
4.35
 
26
-8.35
8,696
 
15
3.67
 
30
-11.57
5,228
 
21
1.69
 
31
-12.24
4,231
 
13
3.71
 
25
-7.04
5,753
Gaining Counties
 
29
-93.80
 
9
9.55
-322
 
26
0.25
 
19
2.15
13,538
 
25
0.91
 
17
3.36
31,399
Lagging Counties
 
23
1.14
 
32
-12.48
1,234
 
24
0.94
 
27
-8.62
24,625
 
28
-4.00
 
40
-64.56
1,396
 
27
-0.82
 
35
-16.50
339,695
Undefined/Suppressed Counties
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
18
2.36
63,671
 
U
U
 
S
S
S
 
U
U
 
39
-53.20
659
 
U
U
 
36
-17.05
23,722
 
U
U
 
29
-11.19
5,159
 
U
U
 
S
S
23,000
 
U
U
 
S
S
S
 
U
U
 
13
6.35
-236
 
U
U
 
S
S
S
 
U
U
 
8
11.17
4,686
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
12
8.43
-76
 
U
U
 
S
S
S
 
U
U
 
33
-14.28
8,183
 
U
U
 
S
S
S
 
U
U
 
38
-28.83
9,278
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
4,154
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
28
-8.68
1,136
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
S
S
256
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
37
-20.28
1,793
 
 
 
 
 
 
 
 
 
1.49
 
-1.48
1,425,547
 
 
 
 
 
 
 
 
 
4.77
 
0.56
128,249,000
November 2023
REAP_PI_CA1600N_610300_LSGL
 
   
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