Every 8-K 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 8-K covers material events a company has to report between its quarterly 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. (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) 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. 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 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.
MGE Energy, Inc. reported stronger results for the first quarter of 2026. GAAP net income rose to $48.5 million, or $1.32 per share, up from $41.6 million, or $1.14 per share, a year earlier. Operating revenues increased to $242.7 million from $219.0 million.
Electric segment earnings increased by $5.5 million, driven by strategic capital investments that expanded the rate base, largely from deploying key renewable energy projects. The gas segment delivered stable net income with minimal variation from the prior-year quarter.
MGE Energy, Inc. and Madison Gas and Electric Company reported a leadership and compensation change. On April 17, 2026, their boards promoted Jared Bushek from Vice President – Chief Financial Officer and Treasurer to Executive Vice President – Chief Financial Officer and Treasurer, effective May 1, 2026.
In connection with this promotion, Bushek received a one-time retention grant of 25,000 restricted stock units of MGE Energy common stock under the 2021 Long-Term Incentive Plan. The award cliff vests on the fifth anniversary of the grant date, with certain accelerated vesting protections on death, disability, or qualifying termination after a change in control.
MGE Energy, Inc. and its subsidiary Madison Gas and Electric Company filed a current report indicating that on February 27, 2026, MGE Energy posted a financial presentation on its Investor Relations website. The same presentation has been furnished to the SEC as Exhibit 99.1 to this report.
The companies clarify that this report and the attached presentation slides are being furnished, not filed, which has implications for how the information is treated under securities laws. No specific financial results or transaction details are described in this text, only the availability of the investor presentation.
MGE Energy, Inc. established an equity distribution agreement allowing it to sell up to $100,000,000 of common stock through at-the-market offerings. Shares may be sold from time to time via Guggenheim Securities and Morgan Stanley on Nasdaq or through privately negotiated transactions.
The managers will receive up to a 2% commission on gross sales. Net proceeds may be used for general corporate purposes, including repaying short-term debt, refinancing other securities, funding capital expenditures, investments in subsidiaries, and potential repurchases or retirements of securities.
MGE Energy reported stronger results for the fourth quarter and full year 2025. Full-year GAAP net income rose to $135.9 million, or $3.72 per share, compared with $120.6 million, or $3.33 per share, a year earlier. Fourth-quarter net income was $23.3 million, or $0.64 per share, up from $22.0 million, or $0.61 per share.
Operating revenues increased to $743.7 million for 2025 from $676.9 million in 2024, and operating income rose to $170.7 million from $146.3 million. The electric segment added Darien Solar and the Paris Battery Energy Storage System in 2025, contributing to an $11.3 million earnings increase. Gas segment earnings grew $2.5 million as retail therm deliveries climbed about 14% versus 2024.
MGE Energy’s utility subsidiary, Madison Gas and Electric Company, has fully redeemed its last series of first mortgage bonds and terminated a long-standing mortgage indenture. On January 27, 2026, MGE redeemed all $1.2 million of its outstanding 7.70% First Mortgage Bonds due 2028.
The bonds were the final series issued under an Indenture of Mortgage and Deed of Trust originally dated January 1, 1946. With no first mortgage bonds remaining, MGE satisfied and discharged the indenture, is recording the discharge to remove the lien on its utility plant assets, and will not issue additional first mortgage bonds under this indenture.
Madison Gas and Electric Company, a subsidiary of MGE Energy, issued $90 million of new unsecured senior notes in three series under a Note Purchase Agreement dated January 22, 2026. The Series A, B and C Notes have coupons of 5.05%, 5.25% and 5.79% and mature on January 31, 2036, 2041 and 2056, respectively.
MGE plans to use the net proceeds to fund capital expenditures and other corporate obligations. Interest is payable semi-annually starting July 31, 2026. The notes are redeemable at MGE’s option, generally with a make-whole premium, and include a change-of-control prepayment right at 100% of principal plus accrued interest. Key covenants limit the ratio of consolidated indebtedness to consolidated total capitalization to 65% and cap Priority Debt at 20% of consolidated assets.
MGE Energy, Inc. (MGEE) furnished a Regulation FD update. On November 7, 2025, the company posted a financial presentation on its Investor Relations website and furnished the slides as Exhibit 99.1.
Company representatives will meet with investors at the 2025 EEI Financial Conference in Hollywood, Florida, from November 9–11, 2025. The materials are furnished, not filed with the SEC.
MGE Energy, Inc. reported that it furnished its third quarter 2025 earnings press release under Item 2.02. The press release, dated November 5, 2025, is attached as Exhibit 99.1.
This combined report is furnished separately by MGE Energy and Madison Gas and Electric Company; each provides information on its own behalf. No financial statements, pro forma information, or shell company transactions were included. MGE Energy’s common stock trades on NASDAQ under the symbol MGEE.
MGE Energy’s subsidiary, Madison Gas and Electric (MGE), entered a Note Purchase Agreement to issue $50 million of unsecured senior notes, split between $25 million 5.12% Series A due November 15, 2036 and $25 million 5.76% Series B due November 15, 2055. Closing is expected on November 13, 2025, subject to customary conditions.
Interest is payable semi‑annually on May 15 and November 15, starting May 15, 2026. The notes are callable at par plus accrued interest and a make‑whole premium, except no premium applies within the final 90 days before the Series A maturity and 180 days before the Series B maturity. Following a change in control event tied to ratings and ownership thresholds, holders must be offered prepayment at 100% of principal plus accrued interest.
MGE expects to use net proceeds for capital expenditures and other corporate obligations. Key covenants include a maximum 65% consolidated debt‑to‑capitalization and a Priority Debt limit not exceeding 20% of consolidated assets, with provisions to secure the notes equally if the principal credit facility is secured.
MGE Energy, Inc. reported that its board has increased the company’s regular quarterly dividend on its common stock. The new dividend is $0.475 per share, reflecting the amount that will be paid each quarter going forward unless changed again.
The dividend is scheduled to be paid on September 15, 2025, to shareholders who are on record as of September 1, 2025. This step highlights the company’s ongoing practice of returning cash to shareholders through regular dividends.