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MGE Energy Reports First-Quarter 2026 Earnings

$MGEEPress releaseMay 5, 2026, 12:51 PM ETRead the release

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.

Key figures

Eps
1.32
Revenue
242703000
Revenue Yoy
10.8%
Net income
48481000
Operating income
53152000

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