Every 10-Q that MGE Energy Inc (MGEE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MGEE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MGEE filings page.
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 reported stronger Q1 2026 results, with net income of $48.5 million or $1.32 per share, up from $41.6 million or $1.14 a year earlier. Total operating revenue rose to $242.7 million from $219.0 million, driven by higher electric and gas revenues and new rates effective in 2026.
The effective tax rate declined to 10.8%, helped by federal production and investment tax credits tied to renewable and storage projects and higher non‑taxable AFUDC equity income. Capital expenditures more than doubled to $101.1 million, reflecting heavy investment in solar, wind, battery and storage projects.
Cash flow from operations was $80.7 million, funding part of this buildout alongside a new $90 million long‑term debt issue and an at‑the‑market equity program that sold 154,321 shares for net proceeds of $11.5 million. The company also deferred $4.4 million of 2026 fuel savings under Wisconsin fuel rules, which will be reviewed by regulators and returned through future rates.
MGE Energy, Inc. (MGEE) reported higher third‑quarter and year‑to‑date results. For Q3 2025, operating revenues were $175.7 million versus $168.5 million a year ago, and net income was $44.5 million versus $40.9 million; diluted EPS was $1.22 versus $1.13. Year‑to‑date, operating revenues reached $554.1 million (vs. $505.5 million) with net income of $112.6 million (vs. $98.5 million).
Operating cash flow for the first nine months was $228.8 million (vs. $209.8 million), while capital expenditures were $255.6 million. Short‑term debt stood at $76.0 million and long‑term debt due within one year at $20.4 million. The company paid year‑to‑date common dividends of $1.375 per share and reported 36,541,849 MGEE shares outstanding as of October 30, 2025.
Subsequently, MGE committed to issue $25 million of 5.12% senior unsecured notes due 2036 and $25 million of 5.76% notes due 2055, with funding expected November 13, 2025, to assist with capital expenditures and other obligations.
MGE Energy (MGEE) reported solid year-over-year growth for the quarter ended 30 Jun 2025. Consolidated operating revenue rose 9.4% to $159.5 million, driven by higher electric sales (+7.4%) and gas sales (+19.2%). Operating income expanded 15.1% to $34.2 million as higher fuel and gas costs were more than offset by larger rate base and lower purchased-power expense. Net income attributable to common shareholders increased 11.4% to $26.5 million; diluted EPS improved to $0.72 from $0.66.
For the first six months, revenue advanced 12.3% to $378.4 million and net income climbed 18.2% to $68.1 million, lifting year-to-date EPS to $1.86 (vs $1.59). Operating cash flow edged up to $134.0 million; after $111.8 million in capital expenditures, free cash flow remained positive. The balance sheet shows equity of $1.27 billion against long-term debt of $761 million, maintaining a 62% equity capitalization. Cash declined to $10.6 million, partly reflecting higher dividends (+5.1% to $0.45 per share) and $111.8 million of capex linked to renewable and grid-modernization projects.
Regulatory: 2024-25 PSCW-approved rate increases of 1.5% (electric) and 2.4% (gas) are in effect; MGEE has filed for additional electric/gas hikes of 4.9% and 2.3% effective 2026 under a proposed 10.0% allowed ROE. No impairments were recorded for the planned 2029 retirement of Columbia Units 1-2. Management continues to defer variances in production-tax credits and fuel costs for future recovery.