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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	701.32	659.94	673.93	699.82	593.08	524.53
Revenue Growth (YoY)	8.61%	-2.08%	-3.70%	18.00%	13.07%	-5.48%
Fuel & Purchased Power	88.41	86.85	98.85	108.15	94.03	84.57
Operations & Maintenance	231.77	228.14	215.43	209.88	199.32	186.43
Selling, General & Admin	0.44	0.44	0.47	-	-	-
Depreciation & Amortization	111.08	108.58	100.35	85.55	76.98	74.19
Other Operating Expenses	96.33	79.89	106.81	139.09	88.86	56.25
Total Operating Expenses	528.04	503.89	521.9	542.67	459.18	401.44
Operating Income	173.28	156.05	152.03	157.15	133.9	123.1
Interest Expense	-32.64	-32.93	-30.43	-26.65	-24.11	-23.52
Net Interest Expense	-32.64	-32.93	-30.43	-26.65	-24.11	-23.52
Income (Loss) on Equity Investments	12.86	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)	-12.56	-9.93	7.47	-5.46	-14.18	-3.86
EBT Excluding Unusual Items	146.64	131.17	145.5	137.18	109.88	111.84
Pretax Income	146.64	131.17	145.5	137.18	109.88	111.84
Income Tax Expense	15.59	10.6	27.8	26.22	4.12	19.42
Net Income	131.05	120.57	117.7	110.95	105.76	92.42
Net Income to Common	131.05	120.57	117.7	110.95	105.76	92.42
Net Income Growth	13.42%	2.44%	6.08%	4.91%	14.44%	6.38%
Shares Outstanding (Basic)	36	36	36	36	36	36
Shares Outstanding (Diluted)	36	36	36	36	36	36
Shares Change (YoY)	0.63%	0.15%	0.03%	0.02%	1.56%	2.72%
EPS (Basic)	3.60	3.33	3.25	3.07	2.92	2.60
EPS (Diluted)	3.60	3.33	3.25	3.07	2.92	2.60
EPS Growth	12.86%	2.45%	5.93%	5.07%	12.52%	3.56%
Free Cash Flow	44.25	40.86	15.49	-21.3	-15.64	-30.7
Free Cash Flow Per Share	1.22	1.13	0.43	-0.59	-0.43	-0.86
Dividend Per Share	1.800	1.755	1.670	1.590	1.520	1.450
Dividend Growth	5.26%	5.09%	5.03%	4.61%	4.83%	5.07%
Profit Margin	18.69%	18.27%	17.46%	15.85%	17.83%	17.62%
Free Cash Flow Margin	6.31%	6.19%	2.30%	-3.04%	-2.64%	-5.85%
EBITDA	273.86	254.13	241.98	231.9	205.18	192.19
EBITDA Margin	39.05%	38.51%	35.91%	33.14%	34.60%	36.64%
D&A For EBITDA	100.58	98.08	89.95	74.75	71.28	69.09
EBIT	173.28	156.05	152.03	157.15	133.9	123.1
EBIT Margin	24.71%	23.65%	22.56%	22.46%	22.58%	23.47%
Effective Tax Rate	10.63%	8.08%	19.11%	19.12%	3.74%	17.37%
Revenue as Reported	718.32	676.94	690.43	714.52	606.58	538.63

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q