The financials
MGE Energy, Inc. by the numbers
MGE Energy, Inc. (MGEE) reported revenue of $243M in Q1 2026 (quarter ended March 31, 2026), up 11% from the same quarter a year earlier. That came with net income of $48M (20% of revenue). For the full year FY2025, revenue was $744M (+9.9% year on year) and net income $136M. Its largest product in 2026-Q2 was Totaloperatingrevenue at $161M, 38% of the disclosed total, just ahead of Totalretail at 29%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $243M | $219M | +11% |
| Operating income | $53M | $53M | +0.5% |
| Net income | $48M | $42M | +17% |
| Diluted EPS | $1.32 | $1.14 | +16% |
| Product | Revenue | Share |
|---|---|---|
| Totaloperatingrevenue | $161M | 38% |
| Totalretail | $124M | 29% |
| Commercial | $66M | 15% |
| Residential | $44M | 10% |
| Otherretailandmunicipal | $11M | 2.5% |
| Commercialandindustrial | $9.9M | 2.3% |
| Salestothemarket | $7.0M | 1.6% |
| Industrial | $3.3M | 0.8% |
| Gastransportation | $1.6M | 0.4% |
| Otherrevenues | $680K | 0.2% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $427.7M (-21%)
Gastransportation grew +12% year on yearOtherrevenues -16% year on year
Segment Latestquarter on quarteryear on year
- Totaloperatingrevenue$161.2M$161.2MQoQ -34%year on year +1.1%-34%+1.1%
- Totalretail$123.7M$123.7MQoQ +4.0%year on year +2.5%+4.0%+2.5%
- Commercial$65.6M$65.6MQoQ +6.8%year on year +2.5%+6.8%+2.5%
- Residential$43.9M$43.9MQoQ -3.1%year on year +1.7%-3.1%+1.7%
- Otherretailandmunicipal$10.9M$10.9MQoQ +16%year on year +4.9%+16%+4.9%
- Commercialandindustrial$9.9M$9.9MQoQ -78%year on year -5.5%-78%-5.5%
- Salestothemarket$7.0M$7.0MQoQ -39%year on year -10%-39%-10%
- Industrial$3.3M$3.3MQoQ +15%year on year +5.0%+15%+5.0%
- Gastransportation$1.6M$1.6MQoQ -44%year on year +12%-44%+12%
- Otherrevenues$680.0K$680.0KQoQ -21%year on year -16%-21%-16%
Utilities - Regulated Electric
Ranks #19 of 37 by Smart Score