The beat on EPS and revenue with operating leverage suggests strong execution; watch for potential guidance on the next earnings call or in the 10-Q filing for forward outlook on rate base growth and renewable project pipeline.
Price Chart
Executive Summary
MGE Energy reported Q1 2026 GAAP EPS of $1.32, beating the $1.13 consensus by 16.8%, with revenue of $242.7M up 10.8% YoY. Electric segment earnings grew $5.5M on renewable capital investments, while gas net income was steady. No guidance was provided.
Key Financial Metrics
Key Facts
- GAAP EPS $1.32 vs consensus $1.13 (beat by 16.8%)
- Revenue $242.7M, up 10.8% from $219.0M YoY
- Electric segment earnings increased $5.5M driven by renewable projects
- Operating income $53.2M vs $52.9M YoY
- Net income $48.5M vs $41.6M YoY (up 16.6%)
- No guidance or outlook provided in the release
Financial Impact
EPS beat of $0.19 above consensus, revenue growth of $23.7M YoY
Risk Factors
- Weather-dependent gas and electric demand could impact future quarters
- Regulatory rate case outcomes may affect earnings trajectory
- Interest rate sensitivity could pressure equity valuations in the utility sector
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-205689 |
| Document: mgee-ex99_1.htm | 0001193125-26-205689 |
| Document: 0001193125-26-205689-index-headers.html | 0001193125-26-205689 |
| Document: 0001193125-26-205689-index.html | 0001193125-26-205689 |
| Document: 0001193125-26-205689.txt | 0001193125-26-205689 |
| 8-K Data (Synthetic) | 0001193125-26-205689 |
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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