MGEE

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MGE Energy Inc.

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Key Metrics

Previous Close: $70.05
52-Week Range: $68.01 – $87.94
Market Cap: $2.67B
P/E (TTM): 17.39
EPS (TTM): 4.07
Dividend Yield: 2.87%

Advanced Metrics

Price/Book: 1.86
PEG Ratio: 4.12
Return on Equity: 11.04%
Return on Assets: 3.72%
Gross Margin: 41.18%
Operating Margin: 22.67%
Profit Margin: 19.90%
Current Ratio: 1.14
Debt/Equity: 0.65
Total Debt: $934.36M
Free Cash Flow: $-206.61M
Revenue Growth: 1.10%
Earnings Growth: 23.60%
Enterprise Value: $3.59B

MGEE Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$714.52M	$690.43M	$676.94M	$743.65M
Cost of Revenue	$470.60M	$421.39M	$398.12M	$434.76M
Gross Profit	$243.92M	$269.04M	$278.83M	$308.90M
Operating Expenses	$106.18M	$122.66M	$132.57M	$138.24M
Operating Income	$137.74M	$146.38M	$146.26M	$170.65M
EBITDA	$249.37M	$276.28M	$272.68M	$304.78M
Pretax Income	$137.18M	$145.50M	$131.16M	$156.65M
Income Tax	$26.22M	$27.80M	$10.60M	$20.77M
Net Income	$110.95M	$117.70M	$120.57M	$135.89M
Diluted EPS	3.07	3.25	3.33	3.72
Diluted Shares	36.17M	36.19M	36.24M	36.57M

MGEE Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$11.60M	$11.14M	$21.30M	$5.67M
Receivables	$109.91M	$95.53M	$97.18M	$113.31M
Inventory	$74.28M	$72.65M	$67.64M	$64.18M
Current Assets	$243.48M	$238.20M	$227.26M	$228.55M
Total Assets	$2.52B	$2.68B	$2.83B	$3.16B
Current Liabilities	$225.06M	$157.16M	$125.56M	$296.71M
Long-Term Debt	$585.25M	$718.82M	$763.70M	$792.21M
Total Debt	$727.17M	$780.01M	$768.98M	$908.37M
Total Liabilities	$1.44B	$1.54B	$1.60B	$1.85B
Retained Earnings	$649.85M	$707.16M	$764.13M	$832.43M
Shareholders' Equity	$1.08B	$1.14B	$1.23B	$1.30B
Working Capital	$18.42M	$81.04M	$101.70M	-$68.16M
Net Debt	$698.46M	$750.83M	$747.68M	$902.70M

MGEE Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$153.74M	$237.56M	$277.78M	$263.23M
Capital Expenditure	-$175.03M	-$222.07M	-$236.93M	-$343.22M
Free Cash Flow	-$21.30M	$15.49M	$40.86M	-$79.99M
Depreciation & Amortisation	$85.55M	$100.35M	$108.58M	$114.32M
Investing Cash Flow	-$180.15M	-$230.02M	-$241.49M	-$350.56M
Financing Cash Flow	$25.54M	-$10.48M	-$26.83M	$71.57M
Dividends Paid	-$57.50M	-$60.39M	-$63.60M	-$67.59M
Net Change in Cash	-$867.00K	-$2.94M	$9.47M	-$15.76M

MGEE Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$218.97M	$159.45M	$175.68M	$189.55M	$242.70M	$161.19M
Cost of Revenue	$132.47M	$90.94M	$89.67M	$121.67M	$155.17M	$93.25M
Gross Profit	$86.50M	$68.51M	$86.01M	$67.88M	$87.54M	$67.95M
Operating Expenses	$33.63M	$34.28M	$34.94M	$35.39M	$34.38M	$35.31M
Operating Income	$52.87M	$34.22M	$51.08M	$32.49M	$53.15M	$32.63M
EBITDA	$83.15M	$66.28M	$89.78M	$65.57M	$92.23M	$75.86M
Pretax Income	$47.89M	$29.47M	$52.29M	$27.01M	$54.34M	$37.63M
Income Tax	$6.30M	$2.98M	$7.79M	$3.71M	$5.86M	$4.28M
Net Income	$41.59M	$26.50M	$44.50M	$23.30M	$48.48M	$33.35M
Diluted EPS	1.14	0.72	1.22	0.64	1.32	0.89
Diluted Shares	36.54M	36.57M	36.58M	36.58M	36.62M	37.46M

MGEE Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$35.31M	$10.57M	$10.14M	$5.67M	$9.47M	$16.62M
Receivables	$90.59M	$83.36M	$81.20M	$113.31M	$102.72M	$86.72M
Inventory	$61.72M	$66.21M	$68.13M	$64.18M	$58.84M	$64.98M
Current Assets	$222.35M	$198.25M	$195.03M	$228.55M	$211.13M	$210.90M
Total Assets	$2.84B	$2.86B	$2.99B	$3.16B	$3.19B	$3.30B
Current Liabilities	$107.52M	$109.84M	$215.11M	$296.71M	$183.16M	$185.56M
Long-Term Debt	$762.49M	$761.27M	$745.05M	$792.21M	$880.34M	$879.10M
Total Debt	$767.81M	$772.13M	$841.44M	$908.37M	$941.07M	$934.36M
Total Liabilities	$1.58B	$1.59B	$1.69B	$1.85B	$1.84B	$1.86B
Retained Earnings	$789.30M	$799.35M	$826.49M	$832.43M	$863.55M	$878.97M
Shareholders' Equity	$1.26B	$1.27B	$1.30B	$1.30B	$1.35B	$1.44B
Working Capital	$114.83M	$88.42M	-$20.09M	-$68.16M	$27.97M	$25.33M
Net Debt	$732.51M	$761.56M	$831.30M	$902.70M	$931.60M	$917.74M

MGEE Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$77.86M	$56.09M	$94.82M	$34.46M	$80.69M	$68.14M
Capital Expenditure	-$47.65M	-$64.10M	-$143.87M	-$87.60M	-$101.14M	-$109.77M
Free Cash Flow	$30.21M	-$8.01M	-$49.05M	-$53.13M	-$20.45M	-$41.63M
Depreciation & Amortisation	$27.68M	$28.35M	$28.82M	$29.48M	$28.09M	$28.94M
Investing Cash Flow	-$50.59M	-$67.66M	-$143.59M	-$88.72M	-$105.46M	-$110.87M
Financing Cash Flow	-$15.11M	-$11.95M	$49.66M	$48.97M	$28.52M	$49.94M
Dividends Paid	-$16.43M	-$16.44M	-$17.36M	-$17.36M	-$17.37M	-$17.93M
Net Change in Cash	$12.16M	-$23.52M	$884.00K	-$5.28M	$3.75M	$7.20M

Market Snapshot

About

MGE Energy Inc. is a utility holding company based in Wisconsin, primarily operating through subsidiary Madison Gas and Electric. The company provides regulated electric and natural gas service to customers in south-central Wisconsin, focusing on reliable energy delivery and renewable energy integration.