MGE Energy (MGEE) Financials: History & Chart

MGE Energy, Inc.(MGEE)

Regulated Electric · Madison, WI

$70.59+0.32 (+0.46%)

Delayed quote: Oct 6, 2026, 4:00 PM EDT

About MGE Energy, Inc.

MGE Energy, Inc. operates as a public utility holding company, primarily conducting its business in Wisconsin through various subsidiary entities. The company's operations are divided into several key segments: Regulated Electric Utility, Regulated Gas Utility, Nonregulated Energy, Transmission Investments, and an "All Other" category. Its core activities involve the generation, acquisition, and delivery of electricity, utilizing owned or leased power generation facilities situated in both Wisconsin and Iowa. Furthermore, MGE Energy undertakes the planning, construction, operation, maintenance, and expansion of transmission infrastructure to provide essential transmission services. The company's electricity generation portfolio includes coal-fired, gas-fired, and renewable energy sources, supplemented by power purchased under both short-term and long-term agreements. As of December 31, 2021, MGE Energy was supplying electricity to 159,000 customers in Dane County, Wisconsin, and distributing natural gas to 169,000 customers across seven Wisconsin counties. The company maintains its corporate headquarters in Madison, Wisconsin.

Madison, WI

726 employees

www.mgeenergy.com

Utilities / Regulated Electric

Sector: Utilities
Industry: Regulated Electric
CEO: Jeffrey Keebler

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	769.13M	161.19M	242.70M	189.55M	175.68M	159.45M	218.97M	171.41M	168.48M
Cost of Goods Sold	112.23M	28.00M	155.17M	-188.42M	117.48M	90.94M	132.47M	109.87M	87.14M
Gross Profit	656.90M	133.19M	87.54M	377.97M	58.20M	68.51M	86.50M	61.54M	81.34M
Gross Profit Margin	85.4%	82.6%	36.1%	199.4%	33.1%	43.0%	39.5%	35.9%	48.3%
Total Operating Expenses	487.55M	100.56M	34.38M	346.49M	6.12M	34.28M	33.63M	33.90M	33.20M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	65.24M	65.24M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income (EBIT)	169.35M	32.63M	53.15M	31.48M	52.08M	34.22M	52.87M	27.64M	48.14M
Operating Margin	22.0%	20.2%	21.9%	16.6%	29.6%	21.5%	24.1%	16.1%	28.6%
Income Before Tax (EBT)	171.26M	37.63M	54.34M	27.01M	52.29M	29.47M	47.89M	24.69M	44.58M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	36.85M	9.29M	9.80M	9.08M	8.68M	8.46M	7.58M	8.21M	8.40M
Other Income/Expense	1.91M	5.00M	1.19M	-4.48M	205K	-4.75M	-4.98M	-2.95M	-3.56M
Net Income	149.63M	33.35M	48.48M	23.30M	44.50M	26.50M	41.59M	22.02M	40.94M
Income Tax Expense	21.63M	4.28M	5.86M	3.71M	7.79M	2.98M	6.30M	2.67M	3.64M
Net Profit Margin	19.5%	20.7%	20.0%	12.3%	25.3%	16.6%	19.0%	12.8%	24.3%
EBITDA	284.67M	61.57M	81.24M	60.96M	80.90M	62.58M	80.54M	55.59M	75.24M
EBITDA Margin	37.0%	38.2%	33.5%	32.2%	46.0%	39.2%	36.8%	32.4%	44.7%
Depreciation & Amortization	115.32M	28.94M	28.09M	29.48M	28.82M	28.35M	27.68M	27.95M	27.10M
EPS Basic	4.06	0.89	1.32	0.63	1.22	0.73	1.14	0.61	1.13
EPS Diluted	4.07	0.89	1.32	0.64	1.22	0.72	1.14	0.61	1.13
Weighted Average Basic Shares	37.35M	37.35M	36.59M	36.53M	36.54M	36.54M	36.51M	36.31M	36.18M
Weighted Average Diluted Shares	37.46M	37.46M	36.62M	36.57M	36.58M	36.57M	36.54M	36.35M	36.21M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	743.65M	676.94M	690.43M	714.52M	606.58M	538.63M	568.86M	559.77M
Cost of Goods Sold	20.00M	398.12M	421.39M	470.60M	393.03M	334.69M	366.52M	369.74M
Gross Profit	723.65M	278.83M	269.04M	243.92M	213.55M	203.94M	202.33M	190.03M
Gross Profit Margin	97.3%	41.2%	39.0%	34.1%	35.2%	37.9%	35.6%	33.9%
Total Operating Expenses	553.00M	132.57M	122.66M	106.18M	96.26M	93.94M	91.42M	75.82M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.95M
Operating Income (EBIT)	170.65M	146.26M	146.38M	137.74M	117.29M	110.00M	110.91M	114.21M
Operating Margin	22.9%	21.6%	21.2%	19.3%	19.3%	20.4%	19.5%	20.4%
Income Before Tax (EBT)	156.65M	131.16M	145.50M	137.18M	109.88M	111.84M	106.66M	111.65M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	33.80M	32.93M	30.43M	26.65M	24.11M	23.52M	23.06M	19.61M
Other Income/Expense	-14.00M	-15.10M	-883K	-567K	-7.42M	1.84M	-4.25M	-2.55M
Net Income	135.89M	120.57M	117.70M	110.95M	105.76M	92.42M	86.87M	84.22M
Income Tax Expense	20.77M	10.60M	27.80M	26.22M	4.12M	19.42M	19.78M	27.43M
Net Profit Margin	18.3%	17.8%	17.0%	15.5%	17.4%	17.2%	15.3%	15.0%
EBITDA	284.98M	254.84M	246.74M	223.29M	194.28M	184.19M	182.47M	170.62M
EBITDA Margin	38.3%	37.6%	35.7%	31.3%	32.0%	34.2%	32.1%	30.5%
Depreciation & Amortization	114.32M	108.58M	100.35M	85.55M	76.98M	74.19M	71.56M	56.41M
EPS Basic	3.72	3.33	3.25	3.07	2.92	2.60	2.33	2.43
EPS Diluted	3.72	3.33	3.25	3.07	2.92	2.60	2.33	2.43
Weighted Average Basic Shares	36.53M	36.21M	36.16M	36.16M	36.16M	35.61M	34.67M	34.67M
Weighted Average Diluted Shares	36.57M	36.24M	36.19M	36.17M	36.17M	35.61M	34.67M	34.67M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.