MGE ENERGY INC (MGEE) MGE Energy, Inc. operates as a public utility holding company, primarily conducting its business in Wisconsin through various subsidiary entities. The company's operations are divided into several key segments: Regulated Electric Utility, Regulated Gas Utility, Nonregulated Energy, Transmission Investments, and an "All Other" category. Its core activities involve the generation, acquisition, and delivery of electricity, utilizing owned or leased power generation facilities situated in both Wisconsin and Iowa. Furthermore, MGE Energy undertakes the planning, construction, operation, maintenance, and expansion of transmission infrastructure to provide essential transmission services. The company's electricity generation portfolio includes coal-fired, gas-fired, and renewable energy sources, supplemented by power purchased under both short-term and long-term agreements. As of December 31, 2021, MGE Energy was supplying electricity to 159,000 customers in Dane County, Wisconsin, and distributing natural gas to 169,000 customers across seven Wisconsin counties. The company maintains its corporate headquarters in Madison, Wisconsin.
Sector: Electric, Gas & Sanitary Services
Industry: Regulated Electric
MGE Energy, Inc. NASDAQ:MGEE Utilities · Diversified Utilities
Mkt Cap $2.78B
Div Yield 2.63%
AH Close $73.54 +0.00% vs close
AH Close $73.54 +0.00% vs close
Mkt Cap $2.78B
Div Yield 2.63%
All Press Release SEC Filings News
Press Release
MGE Energy Declares Regular Dividend
MGE Energy's board declared a regular quarterly dividend of $0.5083 per share, payable December 15, 2026, to shareholders of record December 1.
The company has raised its dividend annually for 51 consecutive years and has paid cash dividends for more than 115 years, reinforcing its income-utility profile.
MGE Energy is a utility holding company whose subsidiary Madison Gas and Electric serves about 170,000 electric and 180,000 gas customers in Wisconsin.
• 10d ago AI analysis › SEC Filing
MGEE: 8-K · debt financing
On October 1, 2026, MGE Energy and subsidiary Madison Gas and Electric amended and restated their credit agreements, extending maturities to October 1, 2031 with two one-year extension options on the JPMorgan-administered facilities.
The total committed revolver capacity now stands at roughly $300 million, with MGE's JPM facility upsized from $90 million to $210 million, plus a $25 million accordion option and unchanged covenant package (65% debt-to-capitalization cap).
The upsizing and extension meaningfully bolster liquidity ahead of the prior 2022 facilities' horizons and carry modestly positive credit implications for MGEE, though the terms are otherwise substantially the same.
SEC 8-K • 21d ago AI analysis › Press Release
MGE Energy Increases Dividend for 51st Consecutive Year
MGE Energy’s Board approved a 7.0% increase in its regular quarterly dividend to $0.5083 per share, payable September 15, 2026.
This hike raises the annualized dividend rate to $2.0332 per share and marks the company’s 51st consecutive year of dividend increases.
CEO Jeff Keebler attributed the increase to the board’s confidence in the company’s long-term strategy and disciplined financial management.
• 2mo ago AI analysis › Press Release
MGE Energy Reports Second-Quarter 2026 Earnings
MGE Energy reported second-quarter GAAP earnings of $33.4 million, or $0.89 per share, rising from $26.5 million, or $0.72 per share, in the prior year.
The earnings increase was supported by approximately $3.9 million in investment gains and a $3.0 million rise in electric segment earnings driven by rate base expansion and renewable energy projects.
Operating revenues for the quarter edged up to $161.2 million, while six-month net income reached $81.8 million, or $2.21 per share.
• 2mo ago AI analysis › SEC Filing
MGEE: 8-K · leadership change
James J. Lorenz, Vice President – Energy Operations of Madison Gas and Electric Company, notified the company of his intention to retire effective December 31, 2026. He will continue to serve in his current role until that date.
Effective January 1, 2027, John T. Robson, currently Assistant Vice President – Energy Engineering and Production, will be appointed Vice President – Energy Operations to succeed Mr. Lorenz.
SEC 8-K • 4mo ago AI analysis › SEC Filing
MGEE: 8-K · proxy statement
MGE Energy, Inc. reported the results of its Annual Meeting of Shareholders held on May 19, 2026. Three Class I Directors—James G. Berbee, Londa J. Dewey, and Angela S. Rieger—were elected to terms expiring in 2029, with each receiving over 90% of the votes cast in favor.
Shareholders also ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2026 and approved an advisory vote on executive compensation. The voting results reflect the application of a voting limitation provision in the Articles of Incorporation, which restricts voting power for shareholders holding more than 10% of outstanding voting stock.
SEC 8-K • 5mo ago Press Release ⚠ 2
MGE Energy, Inc. Prices Public Offering of 3,300,331 Shares of Common Stock
MGE Energy priced a public offering of 3,300,331 shares of common stock at $75.75 per share, with gross proceeds intended for general corporate purposes including debt repayment and capital expenditures.
The offering structure includes 990,099 primary shares and 2,310,232 shares sold by forward sellers, with an initial forward sale price of $72.9094 per share.
Settlement of the forward sale agreements is expected no later than approximately 20 months after the prospectus supplement date.
• 5mo ago AI analysis › Press Release
MGE Energy, Inc. Announces Proposed Public Offering of $250 Million of Shares of Common Stock
MGE Energy launched a $250 million public offering of common stock, consisting of $75 million in direct issuance and $175 million in forward sales.
Proceeds are earmarked for general corporate purposes, including capital expenditures, debt repayment, and investments in subsidiaries.
Morgan Stanley, Guggenheim Securities, BofA Securities, and J.P. Morgan are acting as joint book-running managers, with forward settlement expected in approximately 20 months.
• 5mo ago AI analysis › Press Release
MGE Energy Reports First-Quarter 2026 Earnings
MGE Energy reported Q1 2026 GAAP earnings of $48.5 million, or $1.32 per share, compared to $41.6 million, or $1.14 per share, in the prior year.
Electric segment earnings increased $5.5 million, driven by strategic capital investments that grew the rate base and successful renewable energy deployments.
Operating revenues rose to $242.7 million from $219.0 million in the same period last year, with net income reaching $48.5 million.
• 5mo ago AI analysis › Recent SEC filings with analysis 
