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MGE Energy, Inc. (MGEE) Financial History

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

Utilities · Utilities - Regulated Electric · DATA UPDATED 2026-07-09

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.

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MGEE Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-31
Total Revenue$744M$677M$690M$714M
Gross Profit$309M$279M$269M$244M
Operating Income (EBIT)$171M$146M$146M$138M
Net Income$136M$121M$118M$111M

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 statement2026-03-312025-12-312025-09-302025-06-302025-03-31
Total Revenue$243M$190M$176M$160M$219M
Gross Profit$88M$68M$86M$68M$86M
Operating Income (EBIT)$53M$32M$51M$34M$53M
Net Income$48M$23M$44M$26M$42M

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

MGEE Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid($68M)($64M)($60M)($58M)

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 flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Dividends Paid($17M)($17M)($17M)($16M)($16M)

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

MGEE Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$3.2B$2.8B$2.7B$2.5B
Total Liabilities$1.9B$1.6B$1.5B$1.4B

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.

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