◆ TICKERBASE · GLOBAL STOCK FINANCIAL DATA LIBRARY

Home › All stocks › M › MGEE

MGE Energy Inc (MGEE) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

UTILITIES · UTILITIES - REGULATED ELECTRIC · DATA UPDATED 2026-08-29

MGE Energy Inc (MGEE) operates in the UTILITIES - REGULATED ELECTRIC industry and is headquartered in Madison, United States with about 726 employees. Its market capitalization is roughly $3 billion. In the fiscal year ended 2025-12-31, MGEE reported $744M in revenue and $136M in net income.

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments.

Interactive charts & full statements → Open the MGEE valuation workbench →

MGEE Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2023-10-31	2022-12-31	2022-10-31	2021-12-31	2021-10-31	2020-12-31	2020-10-31	2019-12-31	2019-10-31	2018-12-31	2018-10-31	2017-12-31	2017-10-31	2016-12-31	2016-10-31	2015-12-31	2015-10-31
Total Revenue	$769M	$744M	$677M	$690M	$690M	$715M	$715M	$607M	$607M	$539M	$539M	$569M	$569M	$560M	$560M	$563M	$563M	$545M	$545M	$564M	$564M
Gross Profit	$657M	$724M	$279M	$269M	$269M	$244M	$244M	$214M	$214M	$204M	$204M	$202M	$203M	$190M	$190M	$201M	$201M	$193M	$193M	$188M	$188M
Gross Margin %	85.4%	97.3%	41.2%	39.0%	39.0%	34.1%	34.1%	35.2%	35.2%	37.9%	37.9%	35.6%	35.7%	34.0%	34.0%	35.7%	35.7%	35.4%	35.4%	33.4%	33.4%
Operating Income (EBIT)	$169M	$171M	$146M	$146M	$146M	$138M	$138M	$117M	$117M	$110M	$110M	$111M	$112M	$114M	$114M	$129M	$129M	$128M	$128M	$124M	$124M
Operating Margin %	22.0%	22.9%	21.6%	21.2%	21.2%	19.3%	19.3%	19.3%	19.3%	20.4%	20.4%	19.5%	19.7%	20.4%	20.4%	22.9%	22.9%	23.5%	23.5%	22.0%	22.0%
Net Income	$150M	$136M	$121M	$118M	$118M	$111M	$111M	$106M	$106M	$92M	$92M	$87M	$81M	$84M	$84M	$98M	$98M	$76M	$76M	$71M	$71M
Net Margin %	19.4%	18.3%	17.8%	17.1%	17.1%	15.5%	15.5%	17.4%	17.4%	17.2%	17.2%	15.3%	14.2%	15.0%	15.0%	17.3%	17.3%	13.9%	13.9%	12.7%	12.7%
EBITDA	$295M	$305M	$273M	$276M	$276M	$249M	$249M	$211M	$211M	$210M	$210M	$201M	$194M	$188M	$188M	$192M	$192M	$183M	$183M	$177M	$177M
Earnings Per Share (EPS)	$4.07	$3.72	$3.33	$3.25	$3.25	$3.07	$3.07	$2.92	$2.92	$2.60	$2.60	$2.51	$2.33	$2.43	$2.43	$2.82	$2.82	$2.18	$2.18	$2.06	$2.06
Shares Outstanding (M)	37M	37M	36M	36M	36M	36M	36M	36M	36M	36M	36M	35M	35M	35M	35M	35M	35M	35M	35M	35M	35M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MGEE Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$161M	$243M	$190M	$176M	$159M	$219M	$171M	$168M
Gross Profit	$133M	$88M	$378M	$58M	$69M	$86M	$62M	$81M
Gross Margin %	82.6%	36.1%	199.4%	33.1%	43.0%	39.5%	35.9%	48.3%
Operating Income (EBIT)	$33M	$53M	$31M	$52M	$34M	$53M	$28M	$48M
Operating Margin %	20.2%	21.9%	16.6%	29.6%	21.5%	24.1%	16.1%	28.6%
Net Income	$33M	$48M	$23M	$44M	$26M	$42M	$22M	$41M
Net Margin %	20.7%	20.0%	12.3%	25.3%	16.6%	19.0%	12.8%	24.3%
EBITDA	$47M	$92M	$66M	$90M	$66M	$83M	$61M	$80M
Earnings Per Share (EPS)	$0.89	$1.32	$0.64	$1.22	$0.72	$1.14	$0.61	$1.13
Shares Outstanding (M)	37M	37M	37M	37M	37M	37M	36M	36M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MGEE Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2023-10-31	2022-12-31	2022-10-31	2021-12-31	2021-10-31	2020-12-31	2020-10-31	2019-12-31	2019-10-31	2018-12-31	2018-10-31	2017-12-31	2017-10-31	2016-12-31	2016-10-31	2015-12-31	2015-10-31
Cash from Operations (CFO)	$278M	$263M	$278M	$238M	$238M	$154M	$154M	$138M	$138M	$172M	$172M	$130M	$130M	$153M	$153M	$133M	$133M	$148M	$148M	$141M	$141M
Capital Expenditures (CapEx)	$442M	$343M	$237M	$222M	$222M	$175M	$175M	$153M	$153M	$203M	$203M	$164M	$164M	$212M	$212M	$108M	$108M	$84M	$84M	$72M	$72M
Free Cash Flow (FCF)	($164M)	($80M)	$41M	$15M	$15M	($21M)	($21M)	($16M)	($16M)	($31M)	($31M)	($34M)	($34M)	($59M)	($59M)	$25M	$25M	$64M	$64M	$69M	$69M
FCF Margin %	-21.4%	-10.8%	6.0%	2.2%	2.2%	-3.0%	-3.0%	-2.6%	-2.6%	-5.7%	-5.7%	-5.9%	-5.9%	-10.6%	-10.6%	4.4%	4.4%	11.7%	11.7%	12.3%	12.3%
Dividends Paid	$70M	$68M	$64M	$60M	$60M	$58M	$58M	$55M	$55M	$52M	$52M	$48M	$48M	$46M	$46M	$44M	$44M	$42M	$42M	$40M	$40M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MGEE Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	$68M	$81M	$34M	$95M	$56M	$78M	$68M	$79M
Capital Expenditures (CapEx)	$110M	$101M	$88M	$144M	$64M	$48M	$73M	$52M
Free Cash Flow (FCF)	($42M)	($20M)	($53M)	($49M)	($8M)	$30M	($5M)	$27M
FCF Margin %	-25.8%	-8.4%	-28.0%	-27.9%	-5.0%	13.8%	-2.9%	16.0%
Dividends Paid	$18M	$17M	$17M	$17M	$16M	$16M	$16M	$16M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MGEE Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2023-10-31	2022-12-31	2022-10-31	2021-12-31	2021-10-31	2020-12-31	2020-10-31	2019-12-31	2019-10-31	2018-12-31	2018-10-31	2017-12-31	2017-10-31	2016-12-31	2016-10-31	2015-12-31	2015-10-31
Total Assets	$3.3B	$3.2B	$2.8B	$2.7B	$2.7B	$2.5B	$2.5B	$2.4B	$2.4B	$2.3B	$2.3B	$2.1B	$2.1B	$2.0B	$2.0B	$1.9B	$1.9B	$1.8B	$1.8B	$1.7B	$1.7B
Cash & Cash Equivalents	$11M	$7M	$21M	$11M	$11M	$12M	$12M	$17M	$17M	$45M	$45M	$23M	$23M	$83M	$83M	$108M	$108M	$96M	$96M	$81M	$81M
Total Liabilities	$1.9B	$1.9B	$1.6B	$1.5B	$1.5B	$1.4B	$1.4B	$1.3B	$1.3B	$1.3B	$1.3B	$1.2B	$1.2B	$1.2B	$1.2B	$1.1B	$1.1B	$1.1B	$1.1B	$1.0B	$1.0B
Total Debt (Short + Long-Term)	$900M	$910M	$769M	$762M	$762M	$710M	$710M	$625M	$625M	$577M	$577M	$20M	$543M	$18M	$511M	$28M	$427M	$4M	$387M	$4M	$395M
Total Shareholders' Equity	$1.4B	$1.3B	$1.2B	$1.1B	$1.1B	$1.1B	$1.1B	$1.0B	$1.0B	$976M	$976M	$856M	$856M	$817M	$817M	$778M	$778M	$724M	$724M	$690M	$690M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive MGEE viewer.

Other Companies in UTILITIES - REGULATED ELECTRIC

CIG · Companhia Energetica de Minas Gerais CEMIG Pref ADR — $6 billion
TXNM · TXNM Energy, Inc. — $6 billion
POR · Portland General Electric Co — $6 billion
NWE · NorthWestern Corporation — $4 billion
CEPU · Central Puerto S.A. — $2 billion
NGG · National Grid PLC ADR — $77 billion
FTS · Fortis Inc — $28 billion
EMA · Emera Incorporated — $15 billion

← MGDO All “M” companies MGEL →

About TickerBase · Data methodology & sources · Privacy · Terms

TickerBase is provided for educational and informational purposes only. It does not constitute financial, investment, tax, or legal advice, or a recommendation to buy, sell, or hold any security. No price targets are published; any per-share value shown in the valuation workbench is generated entirely from reader-supplied assumptions and is not the publisher's view of fair value. Past performance does not predict future results. Figures are approximate and drawn from public filings; one-time items are noted where identified. Do your own research and consult a licensed professional before making any investment decision. The author may or may not hold positions in the securities discussed.