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MGE Energy Inc. reports developments for an investor-owned public utility holding company whose principal subsidiary, Madison Gas and Electric, generates and distributes electricity in Dane County, Wisconsin, and purchases and distributes natural gas in south-central and western Wisconsin.
Recurring news covers quarterly and annual earnings, electric and gas segment performance, rate-base investment, renewable generation and battery storage projects, regular common-stock dividends, investor communications, and capital-structure actions such as public equity offerings and related agreements.
MGE Energy (Nasdaq: MGEE) announced that its Board approved a 7.0% increase in the regular quarterly dividend to $0.5083 per share on common stock. The dividend is payable September 15, 2026, to shareholders of record on September 1, 2026, raising the annualized dividend rate to $2.0332 per share. This marks MGE Energy’s 51st consecutive annual dividend increase and continues a record of paying cash dividends for more than 110 consecutive years.
MGE Energy (Nasdaq: MGEE) reported second-quarter 2026 GAAP earnings of $33.4 million, or $0.89 per share basic and diluted, compared with $26.5 million, or basic $0.73 and diluted $0.72, for the second quarter of 2025. Second-quarter operating revenues were $161.2 million versus $159.5 million a year earlier, while operating income declined to $32.6 million from $34.2 million.
According to the company, electric segment earnings increased by $3.0 million year over year, driven by strategic capital investments that expanded rate base through renewable energy projects. Gas net income was stable. Earnings also reflected about $3.9 million of investment gains, including venture capital fund returns linked to energy-related technologies.
For the first six months of 2026, operating revenues were $403.9 million versus $378.4 million in 2025, operating income was $85.8 million versus $87.1 million, and net income was $81.8 million compared with $68.1 million. Six‑month basic and diluted earnings per share were $2.21, up from $1.86 in the prior year period.
MGE Energy (Nasdaq: MGEE) declared a regular quarterly dividend of $0.4750 per share on its common stock. The dividend is payable June 15, 2026, to shareholders of record as of June 1, 2026. The company reports 50 consecutive years of dividend increases and over 110 years of cash dividend payments.
MGE Energy (Nasdaq: MGEE) priced an underwritten public offering of 3,300,331 common shares at $75.75 per share, with closing expected on or about May 8, 2026. Of the shares, 990,099 will be sold directly by MGE Energy and 2,310,232 are being sold by forward sellers under forward sale agreements.
The company granted underwriters a 30-day option for up to 495,049 additional shares. Initial forward sale price is $72.9094 per share; forward settlement is expected within about 20 months. Proceeds will be used for general corporate purposes, potentially including debt repayment and capital expenditures.
MGE Energy (Nasdaq: MGEE) has commenced an underwritten public offering of $250,000,000 of common stock, subject to market conditions. Approximately $75,000,000 will be sold directly by MGE Energy and about $175,000,000 will be sold via forward sale agreements with third-party borrowed shares.
The company granted underwriters a 30-day option for an additional $37,500,000 of shares. Forward settlements are expected no later than ~20 months; proceeds from forwards will be received at settlement. Net proceeds intended for general corporate purposes.
MGE Energy (Nasdaq: MGEE) reported first-quarter 2026 GAAP net income of $48.5 million, or $1.32 per share, versus $41.6 million, or $1.14 per share, in Q1 2025. Operating revenues were $242.7 million and operating income was $53.2 million.
Electric segment earnings rose by $5.5 million, driven by capital investments and deployment of renewable energy projects; gas net income showed minimal variation year-over-year.
MGE Energy (Nasdaq: MGEE) reported 2025 GAAP net income of $135.9 million or $3.72 per share, up from $120.6 million, $3.33 per share in 2024. Fourth-quarter 2025 net income was $23.3 million ($0.64 per share).
Electric segment earnings rose by $11.3 million amid new renewable assets: the Darien solar (25 MW) and Paris battery energy storage (11 MW) became operational in 2025.
MGE Energy (Nasdaq: MGEE) declared a regular quarterly cash dividend of $0.4750 per share, payable on March 15, 2026 to shareholders of record at the close of business on March 1, 2026. The company has increased its dividend annually for the past 50 years and has paid cash dividends for more than 110 years, signaling a long track record of shareholder distributions.
MGE Energy (Nasdaq: MGEE) reported third-quarter 2025 GAAP net income of $44.5 million or $1.22 per share, up from $40.9 million or $1.13 per share in Q3 2024. Operating revenues for the quarter were $175.7 million versus $168.5 million a year ago.
Year-to-date through September 30, 2025, MGE Energy reported $112.6 million net income and $138.2 million operating income, compared with $98.5 million and $118.6 million, respectively, in the prior year period. Growth drivers cited include rate base investment from renewable projects and approximately $2.2 million of venture capital investment gains.
Project milestones: the Darien Solar Project became operational in March 2025 (MGE owns 25 MW) and the Paris BESS became operational in June 2025 (MGE owns 11 MW battery capacity).
MGE Energy (Nasdaq: MGEE) declared a regular quarterly cash dividend of $0.4750 per share, payable on Dec. 15, 2025 to shareholders of record at the close of business on Dec. 1, 2025. The company has increased its dividend annually for 50 years and has paid cash dividends for more than 110 years, underscoring a long record of shareholder distributions.