MGE Energy Inc.
08/05/2026 | Press release | Distributed by Public on 08/05/2026 06:58
News MGE Energy Reports Second-Quarter 2026 Earnings (Form 8-K)
News
MGE Energy Reports Second-Quarter 2026 Earnings
Madison, Wis., August 05, 2026-MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the second quarter of 2026.
MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the second quarter of 2026 were $33.4 million, or $0.89 per share, compared to $26.5 million, or $0.72 per share, for the same period in the prior year.
Electric segment earnings increased $3.0 million for 2026 compared to 2025, reflecting strategic capital investments that grew rate base, largely driven by the successful deployment of key renewable energy projects. Gas net income remained stable compared to the second quarter of 2025. In addition, earnings benefited from approximately $3.9 million of investment gains, including returns from venture capital funds focused on technologies and innovations relevant to the evolving energy industry.
MGE Energy, Inc.
(In thousands, except per-share amounts)
(Unaudited)
|
Three Months Ended June 30, |
2026 |
2025 |
||||||
|
Operating revenues |
$ |
161,195 |
$ |
159,452 |
||||
|
Operating income |
$ |
32,634 |
$ |
34,223 |
||||
|
Net income |
$ |
33,353 |
$ |
26,498 |
||||
|
Earnings per share - basic |
$ |
0.89 |
$ |
0.73 |
||||
|
Earnings per share - diluted |
$ |
0.89 |
$ |
0.72 |
||||
|
Weighted average shares outstanding - basic |
37,351 |
36,540 |
||||||
|
Weighted average shares outstanding - diluted |
37,456 |
36,569 |
||||||
|
Six Months Ended June 30, |
2026 |
2025 |
||||||
|
Operating revenues |
$ |
403,898 |
$ |
378,422 |
||||
|
Operating income |
$ |
85,786 |
$ |
87,088 |
||||
|
Net income |
$ |
81,834 |
$ |
68,090 |
||||
|
Earnings per share - basic |
$ |
2.21 |
$ |
1.86 |
||||
|
Earnings per share - diluted |
$ |
2.21 |
$ |
1.86 |
||||
|
Weighted average shares outstanding - basic |
36,972 |
36,526 |
||||||
|
Weighted average shares outstanding - diluted |
37,029 |
36,557 |
||||||
1
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.
MGE Energy Inc. published this content on August 05, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 05, 2026 at 12:58 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]