MGE Energy Inc. filings document the regulatory reporting of a Wisconsin public utility holding company and its principal utility subsidiary, Madison Gas and Electric. The record includes Form 8-K reports for earnings releases, Regulation FD financial presentations, material agreements, capital-market transactions, and officer and compensation matters.
Company filings also cover common-stock offering arrangements, forward sale agreements, at-the-market equity distribution programs, proxy governance, board matters, executive compensation, shareholder voting materials, and disclosure for electric and gas utility operations in Wisconsin.
MGE Energy, Inc. (MGEE) and Madison Gas and Electric Company amended and restated their existing revolving credit agreements on October 1, 2026, principally extending their initial maturities to October 1, 2031. Madison Gas and Electric’s JPMorgan Chase Bank facility now permits maximum outstanding borrowings and letters of credit of $210 million, up from $90 million. Its separate U.S. Bank facility permits revolving borrowings up to $40 million, while MGE Energy’s facility permits borrowings and letters of credit up to $50 million.
MGE Energy and Madison Gas and Electric may each request up to two one-year extensions of their JPMorgan agreements, subject to the lenders’ sole discretion, which could extend those agreements to October 1, 2033. MGE Energy may also request up to $25 million in additional commitments, subject to lenders agreeing. Each agreement requires consolidated indebtedness to consolidated total capitalization not to exceed 65%; a defined change of control is a default. The agreements otherwise have substantially the same terms as the prior agreements.
MGE ENERGY INC (MGEE) director James G. Berbee reported an open-market purchase of common stock. On September 9, 2026, he bought 274.7418 shares at $77.35 per share. Following this transaction, his direct holdings total 10,013.0377 shares, including adjustments for accrued dividends through dividend reinvestment exempt under Rule 16a-11. No Rule 10b5-1 trading plan is reported.
MGE Energy, Inc. (MGEE) reported that its Board of Directors approved a 7.0% increase in the company’s regular quarterly dividend on its common stock. The new quarterly dividend is $0.5083 per share, payable on September 15, 2026, to shareholders of record as of September 1, 2026.
This increase raises MGE Energy’s annualized dividend rate to $2.0332 per share and represents the company’s 51st consecutive year of dividend increases. MGE Energy states it has paid cash dividends for more than 110 consecutive years, highlighting a long history of returning cash to shareholders while investing in energy infrastructure through its principal subsidiary, Madison Gas and Electric.
MGE ENERGY INC (MGEE) director James G. Berbee reported an open-market purchase of 261.3641 shares of Common Stock at $81.30 per share on 2026-08-19. Following this transaction, his directly held position increased to 9,738.2959 shares, which includes adjustments for accrued dividends through dividend reinvestment exempt under Rule 16a-11.
MGE Energy, Inc. reported higher GAAP earnings for the second quarter of 2026. Net income for the quarter was $33.4 million, or $0.89 per diluted share, compared with $26.5 million, or $0.72 per diluted share, a year earlier. For the first six months of 2026, net income was $81.8 million with diluted EPS of $2.21, compared with $68.1 million and EPS of $1.86 in 2025.
Quarterly operating revenues were $161.2 million versus $159.5 million in the prior-year quarter, while operating income declined modestly to $32.6 million from $34.2 million. Electric segment earnings increased by $3.0 million, reflecting strategic capital investments that expanded rate base, largely from renewable energy projects. Gas net income was stable year over year. Results also benefited from about $3.9 million of investment gains, including returns from venture capital funds focused on energy-related technologies.
MGE Energy, Inc. and subsidiary Madison Gas and Electric Company report higher results for the six months ended June 30, 2026. Total operating revenues were $403.9 million versus $378.4 million in 2025, and net income was $81.8 million versus $68.1 million. Basic EPS rose to $2.21 from $1.86, while dividends per share increased to $0.95 from $0.90.
Operating cash flow increased to $148.8 million, supporting heavy capital investment of $210.9 million, largely in utility plant and ongoing renewable and grid projects. Common shareholders’ equity grew to $1.44 billion, with long‑term debt of $879.1 million.
Capital markets activity was significant: MGE Energy established a $100 million at‑the‑market equity program and completed a $250 million common stock offering at $75.75 per share, including $72.2 million of primary shares and forward sale agreements expected to provide about $168.4 million of additional equity upon full physical settlement.
MGE Energy, Inc. and Madison Gas and Electric Company announced a planned leadership transition in their energy operations group. James J. Lorenz, Vice President – Energy Operations at Madison Gas and Electric Company, has notified the company of his intention to retire effective December 31, 2026.
Lorenz will continue in his current role until retirement. Effective January 1, 2027, John T. Robson, currently Assistant Vice President – Energy Engineering and Production, will be appointed Vice President – Energy Operations, succeeding Lorenz. The report also notes the inclusion of a cover page Inline XBRL data file as an exhibit.
MGE Energy, Inc. reported voting results from its Annual Meeting of Shareholders held on May 19, 2026. Three Class I directors were elected to terms expiring at the 2029 annual meeting, each receiving more than 20 million votes in favor with several hundred thousand votes against.
Shareholders also ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2026, with 25,526,278 votes for, 531,389 against, and 248,239 abstentions. An advisory vote on executive compensation was approved, receiving 20,105,054 votes for, 1,166,451 against, and 499,854 abstentions, along with 4,534,547 broker non-votes.
The company noted that its Amended and Restated Articles of Incorporation limit the voting power of any shareholder owning more than 10% of outstanding voting stock, with excess shares entitled to 1/100th of a vote per share. This limitation was applied to two shareholders, and the reported results reflect that adjustment.
MGE Energy, Inc. and its subsidiary Madison Gas and Electric Company furnished a current report describing a new investor presentation. On May 8, 2026, MGE Energy posted updated financial presentation slides on its Investor Relations website, also attaching them as Exhibit 99.1. Company representatives plan to use these slides in upcoming investor meetings at the 2026 AGA Financial Forum in Scottsdale, Arizona on May 17-18, 2026. The materials are furnished under Regulation FD, meaning they are provided for information purposes but are not deemed filed with the SEC.
MGE Energy, Inc. entered into an underwriting and forward sale structure for an underwritten public offering of 3,300,331 shares of common stock. Of these, 990,099 shares are newly issued by the company and 2,310,232 shares are borrowed and sold through forward sellers under Forward Sale Agreements.
The company will receive net proceeds from the newly issued shares and expects to use them for general corporate purposes, including debt repayment, capital expenditures and subsidiary investments. It will not initially receive proceeds from the 2,310,232 forward-sold shares, but can receive additional cash upon settling the Forward Sale Agreements at an initial forward sale price of $72.9094 per share, adjustable over time.
The Forward Sale Agreements may be settled at the company’s discretion in cash, net shares or physical delivery of stock by no later than January 8, 2028. The company explains that earnings per share will only be diluted when its average market price exceeds the adjusted forward sale price and upon physical or net share settlement of the forward contracts.