The company's investment in renewable energy is driving earnings growth. Traders should monitor future capital expenditure plans and regulatory approvals for additional projects as potential catalysts.
Price Chart
Executive Summary
MGE Energy reported strong financial results for 2025, with full-year net income rising 12.7% to $135.9 million ($3.72 per share) from $120.6 million ($3.33 per share) in 2024. The growth was driven by a $11.3 million increase in electric segment earnings from new renewable energy projects and a $2.5 million increase in gas segment earnings due to higher deliveries.
Key Financial Metrics
Key Facts
- Full-year 2025 net income was $135.9 million, up 12.7% from $120.6 million in 2024
- Full-year 2025 EPS was $3.72, up 11.7% from $3.33 in 2024
- Q4 2025 net income was $23.3 million, up 5.9% from $22.0 million in Q4 2024
- Electric segment earnings increased $11.3 million year-over-year due to new solar and battery storage projects
- Gas segment earnings increased $2.5 million year-over-year due to 14% higher therm deliveries
Financial Impact
Revenue increased 9.8% to $743.7 million, net income increased 12.7% to $135.9 million, and EPS increased 11.7% to $3.72
Segment Breakdown
| Segment |
|---|
| electric |
| gas |
Risk Factors
- Future growth dependent on continued successful deployment of renewable projects
- Weather patterns could impact gas segment performance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-067050 |
| Document: mgee-20260224.htm | 0001193125-26-067050 |
| Document: 0001193125-26-067050-index-headers.html | 0001193125-26-067050 |
| Document: 0001193125-26-067050-index.html | 0001193125-26-067050 |
| Document: 0001193125-26-067050.txt | 0001193125-26-067050 |
| CONTEXT: Previous Earnings (2026-02-24) | 0001193125-26-067050 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 6w ago | 8-K | $78.66 $72.86 | ▼ −7.37% | ▼ −6.85% | $70.77 (−10.03%) |
Aug 5, 2026 8w ago | 8-K | $80.21 $77.01 | ▼ −3.99% | ▼ −3.39% | $70.77 (−11.77%) |
May 8, 2026 21w ago | 8-K | $73.83 $76.96 | ▲ +4.24% | ▲ +4.54% | $70.77 (−4.14%) |
May 8, 2026 21w ago | 8-K | $73.83 $76.96 | ▼ −4.24% | ▼ −4.54% | $70.77 (+4.14%) |
May 6, 2026 21w ago | 424B5 | $74.65 $73.41 | ▲ +1.66% | ▲ +4.80% | $70.77 (+5.20%) |
May 5, 2026 21w ago | 8-K | $80.75 $74.40 | ▼ −7.86% | ▼ −12.82% | $70.77 (−12.36%) |
Apr 23, 2026 23w ago | DEFA14A | $80.55 $75.82 | ▼ −5.87% | ▼ −10.51% | $70.77 (−12.14%) |
Apr 2, 2026 26w ago | DEFA14A | $78.81 $80.22 | ▲ +1.79% | ▼ −8.09% | $70.77 (−10.20%) |
Apr 2, 2026 26w ago | DEFA14A | $78.81 $80.22 | ▲ +1.79% | ▼ −8.09% | $70.77 (−10.20%) |
Feb 24, 2026 31w ago | 8-K | $81.09 $76.21 | ▼ −6.02% | ▼ −0.78% | $70.77 (−12.73%) |
US Market Status
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