MGE Energy Inc.
05/05/2026 | Press release | Distributed by Public on 05/05/2026 10:25
News MGE Energy Reports First-Quarter 2026 Earnings (Form 8-K)
News
MGE Energy Reports First-Quarter 2026 Earnings
Madison, Wis., May 05, 2026-MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the first quarter of 2026.
MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the first quarter of 2026 were $48.5 million, or $1.32 per share, compared to $41.6 million, or $1.14 per share, for the same period in the prior year.
Electric segment earnings increased $5.5 million for 2026 compared to 2025, a result of strategic capital investments that grew rate base. This growth remains largely driven by the successful deployment of key renewable energy projects.
Gas net income exhibited steady performance, with minimal variation compared to the first quarter of 2025.
MGE Energy, Inc.
(In thousands, except per-share amounts)
(Unaudited)
|
Three Months Ended March 31, |
2026 |
2025 |
||||||
|
Operating revenues |
$ |
242,703 |
$ |
218,970 |
||||
|
Operating income |
$ |
53,152 |
$ |
52,865 |
||||
|
Net income |
$ |
48,481 |
$ |
41,592 |
||||
|
Earnings per share - basic |
$ |
1.32 |
$ |
1.14 |
||||
|
Earnings per share - diluted |
$ |
1.32 |
$ |
1.14 |
||||
|
Weighted average shares outstanding - basic |
36,590 |
36,511 |
||||||
|
Weighted average shares outstanding - diluted |
36,620 |
36,539 |
||||||
About MGE Energy
MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity to 170,000 customers in Dane County, Wis., and purchases and distributes natural gas to 180,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.
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