MGE ENERGY INC MGEE

Utilities SIC 4900 - Electric, Gas & Sanitary Services NAICS Utilities › Water, Sewage and Other Systems derived Nasdaq

Last close 73.48 2026-10-23
Market cap $2.70B 2026-03-31 share count
52-week range 68.01 - 87.11

Valuation FY2025 figures against the last close

P/S—
P/E19.8x
P/FCF—
EV/EBITDA20.6x
Dividend yield2.5%
Diluted EPS3.72

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating income $170.7M$146.3M$146.4M$137.7M$117.3M$110.0M$110.9M$114.2M$124.6M$123.9M
Interest expense $33.8M$32.9M$30.4M$26.6M$24.1M$23.5M$23.1M$19.6M$19.3M$19.9M
Pre-tax income $156.7M$131.2M$145.5M$137.2M$109.9M$111.8M$106.7M$111.7M$119.7M$118.1M
Income tax $20.8M$10.6M$27.8M$26.2M$4.1M$19.4M$19.8M$27.4M$22.1M$42.5M
Net income $135.9M$120.6M$117.7M$111.0M$105.8M$92.4M$86.9M$84.2M$97.6M$75.6M
EPS, basic 3.723.333.253.072.922.602.51———
EPS, diluted 3.723.333.253.072.922.602.512.432.822.18
Shares, diluted (wtd. avg.) 36.6M36.2M36.2M36.2M36.2M35.6M34.7M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $5.7M$21.3M$11.1M$11.6M$17.4M$44.7M$23.5M$83.1M$108.0M$96.0M
Receivables $57.6M$51.3M$46.7M$55.4M$46.2M$41.4M$40.5M$43.6M$42.3M$39.9M
Total current assets $228.5M$227.3M$238.2M$243.5M$199.4M$209.5M$181.6M$240.6M$290.6M$275.5M
Property, plant and equipment $2.57B$2.29B$2.13B$1.97B$1.88B$1.77B$1.64B$1.51B$1.34B$1.28B
Total assets $3.16B$2.83B$2.68B$2.52B$2.37B$2.25B$2.08B$1.99B$1.86B$1.80B
Accounts payable $117.7M$77.5M$65.5M$59.3M$64.1M$54.6M$55.2M$46.2M$47.6M$47.8M
Short-term debt $21.6M$5.3M$5.1M$54.3M$4.9M$4.8M$19.7M$4.6M$24.5M$4.3M
Total current liabilities $296.7M$125.6M$157.2M$225.1M$117.8M$190.9M$128.8M$120.6M$126.5M$103.5M
Long-term debt $792.2M$763.7M$718.8M$585.2M$614.2M$519.3M$523.7M$493.3M$398.2M$382.8M
Retained earnings $832.4M$764.1M$707.2M$649.9M$596.4M$545.4M$504.7M$465.7M$426.9M$372.9M
Total equity $1.30B$1.23B$1.14B$1.08B$1.03B$976.0M$855.7M$816.6M$778.2M$724.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $263.2M$277.8M$237.6M$153.7M$137.5M$172.4M$130.5M$153.0M$131.4M$147.9M
Capital expenditure $343.2M$236.9M$222.1M$175.0M$153.2M$203.1M$164.0M$212.2M$108.1M$83.7M
Investing cash flow -$350.6M-$241.5M-$230.0M-$180.1M-$157.0M-$210.4M-$172.4M-$218.3M-$116.3M-$86.8M
Financing cash flow $71.6M-$26.8M-$10.5M$25.5M-$8.8M$59.2M-$17.2M$38.1M-$4.6M-$46.1M
Dividends paid $67.6M$63.6M$60.4M$57.5M$54.8M$51.7M$47.8M$45.8M$43.7M$41.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-067036.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 50M 100M 150M Net income, FY2016: 75.6M Net income, FY2017: 97.6M Net income, FY2018: 84.2M Net income, FY2019: 86.9M Net income, FY2020: 92.4M Net income, FY2021: 105.8M Net income, FY2022: 111M Net income, FY2023: 117.7M Net income, FY2024: 120.6M Net income, FY2025: 135.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — — — — — —
Gross profit — — — — — — — — — —
Net income $75.6M $97.6M $84.2M $86.9M $92.4M $105.8M $111.0M $117.7M $120.6M $135.9M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.