Welcome to our dedicated page for Mge Energy news (Ticker: MGEE), a resource for investors and traders seeking the latest updates and insights on Mge Energy stock.
MGE Energy Inc (NASDAQ: MGEE) is an investor-owned public utility holding company based in Madison, Wisconsin. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity in Dane County and purchases and distributes natural gas in seven south-central and western Wisconsin counties. The MGEE news page on Stock Titan focuses on company developments that affect this regulated utility business and its shareholders.
News coverage for MGE Energy commonly includes quarterly and annual earnings reports, where the company discusses how rate base investment growth, weather impacts and non-utility investment gains influence results. These releases often highlight performance in the electric and gas segments, changes in retail sales and the contribution of new renewable generation and energy storage projects.
Investors can also follow dividend announcements and updates on MGE Energy’s long dividend history. The company has reported paying cash dividends for more than 110 years and increasing its dividend annually for many years, including a milestone of 50 consecutive years of dividend increases. Regular press releases detail the declared dividend rate, payment dates and record dates.
Additional MGEE news items cover topics from the company’s Inside View investor newsletter, such as investments in renewable generation, regulatory approvals for local solar and energy storage projects, proposed rate changes and new programs related to solar and renewable natural gas. Disclosures about financial presentations and capital investment plans, including large projects like the Darien Solar Project and the Paris Battery Energy Storage System, also appear in the news flow.
By reviewing the MGEE news page, readers can monitor how MGE Energy communicates its financial performance, capital investments, renewable initiatives and dividend practices over time. Frequent updates provide context for understanding the company’s role as a regional electric and natural gas utility in Wisconsin.
MGE Energy (NASDAQ: MGEE) reported strong first-quarter 2025 earnings with net income of $41.6 million, or $1.14 per share, up from $33.8 million ($0.93 per share) in Q1 2024. The company's performance was driven by rate base investment growth and weather impacts. Operating revenues increased to $219 million from $191.3 million year-over-year.
Key highlights include the completion of the Darien Solar Project in March 2025, where MGE owns 25 MW of solar capacity, contributing to the company's renewable generation portfolio. Gas retail sales showed remarkable growth of 19% in Q1 2025, while electric retail sales increased by 3%, benefiting from normalized weather conditions compared to the milder Q1 2024.
MGE Energy (MGEE) reported its Q4 and full-year 2024 financial results, with annual GAAP earnings of $120.6 million ($3.33 per share), up from $117.7 million ($3.25 per share) in 2023. Fourth-quarter earnings reached $22.0 million ($0.61 per share), compared to $20.1 million ($0.55 per share) in the previous year.
The company's growth was supported by increased electric investments in rate base, including the completion of the Paris solar project in December 2024. However, gas operations saw decreased demand, with both residential and commercial/industrial customers showing approximately 4% lower consumption in 2024, primarily attributed to warmer-than-normal weather conditions.
MGE Energy (MGEE) has announced its regular quarterly dividend of $0.45 per share on the company's common stock. The dividend will be payable on March 15, 2025, to shareholders of record as of March 1, 2025. The company has maintained a strong dividend history, having increased its dividend annually for 49 consecutive years and maintained cash dividend payments for more than 110 years.
MGE Energy (MGEE) reported Q3 2024 earnings of $40.9 million, or $1.13 per share, up from $37.9 million, or $1.05 per share, in Q3 2023. The company's electric net income increased by $3.9 million, driven by increased electric investments in rate base and lower fuel costs. Operating revenues rose to $168.5 million from $160.5 million year-over-year. Gas net income remained relatively stable compared to the previous year. For the six-month period, operating revenues decreased to $505.5 million from $525.8 million, while net income slightly increased to $98.5 million from $97.6 million.
MGE Energy (Nasdaq: MGEE) has declared a regular quarterly dividend of $0.45 per share on its outstanding common stock. The dividend is payable on December 15, 2024, to shareholders of record as of the close of business on December 1, 2024. This announcement continues the company's impressive track record of increasing dividends annually for the past 49 years and maintaining a consistent dividend payment history spanning over 110 years.
MGE Energy (Nasdaq: MGEE) has released its September 2024 'Inside View' investor newsletter, highlighting 49 consecutive years of dividend increases. The newsletter also covers two key initiatives:
1. Expansion of agrivoltaics through livestock grazing at the company's newest solar facility, combining renewable energy generation with agricultural practices.
2. Pursuit of regulatory approval for a pioneering long-duration energy storage project in the United States, demonstrating MGE Energy's commitment to innovative energy solutions.
These developments showcase MGE Energy's focus on sustainable practices and advanced energy technologies, potentially impacting its market position and investor appeal.
MGE Energy (Nasdaq: MGEE) has announced a 5.3% increase in its regular quarterly dividend to $0.45 per share, payable on Sept. 15, 2024, to shareholders of record on Sept. 1, 2024. This raise bumps the annualized dividend rate from $1.71 to $1.80 per share, marking the company's 49th consecutive year of dividend increases. Chairman, President and CEO Jeff Keebler emphasized the company's commitment to sustainable dividend growth and its focus on providing safe, reliable, affordable, and sustainable energy. MGE Energy has maintained a remarkable track record of paying cash dividends for over 110 years, underlining its long-term business strategy and financial stability.
MGE Energy (Nasdaq: MGEE) reported Q2 2024 earnings of $23.8 million, or $0.66 per share, down from $28.7 million, or $0.79 per share, in Q2 2023. The decrease was primarily due to higher fuel costs and lower electric and gas sales influenced by weather conditions. Electric net income decreased by $6.0 million compared to Q2 2023. Electric residential sales fell by 4%, while gas retail sales dropped by 10% year-over-year. Despite lower earnings, MGE Energy continues to benefit from increased investments in rate base. For the first six months of 2024, net income was $57.6 million ($1.59 per share), compared to $59.8 million ($1.65 per share) in the same period of 2023.
MGE Energy (Nasdaq: MGEE) highlighted its recent Annual Meeting of shareholders in the June 2024 issue of 'Inside View,' their investor newsletter. Key topics included investments aimed at achieving carbon reduction goals, the appointment of three new Board of Directors members, historic investments in cleaner energy generation, the ongoing transition to clean energy, and new renewable energy options for customers, including a proposed community solar option and a renewable natural gas option. More details can be found on MGE Energy's website.
MGE Energy's board of directors declared a regular quarterly dividend of $0.4275 per share on its common stock. The dividend is payable on June 15, 2024, to shareholders who are on record as of June 1, 2024. MGE Energy has a long history of annual dividend increases, maintaining this trend for 48 consecutive years. Additionally, the company has consistently paid cash dividends for over 110 years.