MGE Energy, Inc. (MGEE)

MGE Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	708.52	659.94	673.93	699.82	593.08	524.53
Revenue Growth (YoY)	8.39%	-2.08%	-3.70%	18.00%	13.07%	-5.48%
Fuel & Purchased Power	89.51	86.85	98.85	108.15	94.03	84.57
Operations & Maintenance	232.96	228.14	215.43	209.88	199.32	186.43
Selling, General & Admin	0.44	0.44	0.47	-	-	-
Depreciation & Amortization	112.79	108.58	100.35	85.55	76.98	74.19
Other Operating Expenses	95.34	79.89	106.81	139.09	88.86	56.25
Total Operating Expenses	531.05	503.89	521.9	542.67	459.18	401.44
Operating Income	177.47	156.05	152.03	157.15	133.9	123.1
Interest Expense	-32.92	-32.93	-30.43	-26.65	-24.11	-23.52
Net Interest Expense	-32.92	-32.93	-30.43	-26.65	-24.11	-23.52
Income (Loss) on Equity Investments	13.22	12.28	10.63	9.14	9.27	10.22
Allowance for Equity Funds for Construction	5.7	5.7	5.8	3	5	5.9
Other Non-Operating Income (Expenses)	-9.12	-9.93	7.47	-5.46	-14.18	-3.86
EBT Excluding Unusual Items	154.34	131.17	145.5	137.18	109.88	111.84
Pretax Income	154.34	131.17	145.5	137.18	109.88	111.84
Income Tax Expense	19.73	10.6	27.8	26.22	4.12	19.42
Net Income	134.61	120.57	117.7	110.95	105.76	92.42
Net Income to Common	134.61	120.57	117.7	110.95	105.76	92.42
Net Income Growth	13.47%	2.44%	6.08%	4.91%	14.44%	6.38%
Shares Outstanding (Basic)	36	36	36	36	36	36
Shares Outstanding (Diluted)	37	36	36	36	36	36
Shares Change (YoY)	0.86%	0.15%	0.03%	0.02%	1.56%	2.72%
EPS (Basic)	3.69	3.33	3.25	3.07	2.92	2.60
EPS (Diluted)	3.69	3.33	3.25	3.07	2.92	2.60
EPS Growth	12.85%	2.45%	5.93%	5.07%	12.52%	3.56%
Free Cash Flow	-31.77	40.86	15.49	-21.3	-15.64	-30.7
Free Cash Flow Per Share	-0.87	1.13	0.43	-0.59	-0.43	-0.86
Dividend Per Share	1.825	1.755	1.670	1.590	1.520	1.450
Dividend Growth	5.37%	5.09%	5.03%	4.61%	4.83%	5.07%
Profit Margin	19.00%	18.27%	17.46%	15.85%	17.83%	17.62%
Free Cash Flow Margin	-4.48%	6.19%	2.30%	-3.04%	-2.64%	-5.85%
EBITDA	279.76	254.13	241.98	231.9	205.18	192.19
EBITDA Margin	39.48%	38.51%	35.91%	33.14%	34.60%	36.64%
D&A For EBITDA	102.29	98.08	89.95	74.75	71.28	69.09
EBIT	177.47	156.05	152.03	157.15	133.9	123.1
EBIT Margin	25.05%	23.65%	22.56%	22.46%	22.58%	23.47%
Effective Tax Rate	12.78%	8.08%	19.11%	19.12%	3.74%	17.37%
Revenue as Reported	725.52	676.94	690.43	714.52	606.58	538.63

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q