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MGE Energy (MGEE) investor relations material
MGE Energy Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Reported full-year 2025 GAAP earnings of $135.9 million ($3.72 per share), up from $120.6 million ($3.33 per share) year-over-year.
Fourth-quarter 2025 earnings were $23.3 million ($0.64 per share), compared to $22.0 million ($0.61 per share) in Q4 2024.
Financial highlights
Full-year 2025 operating revenues reached $743.7 million, up from $676.9 million in 2024.
Operating income for 2025 was $170.7 million, compared to $146.3 million in 2024.
Q4 2025 operating revenues were $189.6 million, up from $171.4 million in Q4 2024.
Q4 2025 operating income was $32.5 million, compared to $27.6 million in Q4 2024.
Outlook and guidance
Forward-looking statements caution about uncertainties and risks, referencing the 2025 Annual Report for further details.
- Strong board oversight, ESG leadership, and performance-based executive pay highlighted.MGEE
Proxy Filing2 Dec 2025 - Proxy voting emphasizes online access and sustainability by reducing printed materials.MGEE
Proxy Filing2 Dec 2025 - Clean energy transition targets 80% carbon reduction by 2030 and net-zero by 2050.MGEE
Proxy Filing2 Dec 2025 - Virtual annual meeting to vote on directors, auditor, and executive pay, all board-recommended.MGEE
Proxy Filing2 Dec 2025 - Virtual annual meeting set for May 2025; focus on carbon reduction and net-zero goals.MGEE
Proxy Filing2 Dec 2025 - Virtual annual meeting to vote on directors, auditor, and executive pay, with online participation.MGEE
Proxy Filing2 Dec 2025 - Earnings and revenue rose on strong utility sales, renewables, and investment gains.MGEE
Q3 20255 Nov 2025 - Earnings and revenues rose on strong utility sales and renewables investment, with risks ongoing.MGEE
Q2 20256 Aug 2025 - Q2 2024 net income fell on lower sales and higher fuel costs, but renewables progress continues.MGEE
Q2 202413 Jun 2025
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