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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	687.58	659.94	673.93	699.82	593.08	524.53
Revenue Growth (YoY)	6.11%	-2.08%	-3.70%	18.00%	13.07%	-5.48%
Fuel & Purchased Power	86.65	86.85	98.85	108.15	94.03	84.57
Operations & Maintenance	230.72	228.14	215.43	209.88	199.32	186.43
Selling, General & Admin	0.44	0.44	0.47	-	-	-
Depreciation & Amortization	109.66	108.58	100.35	85.55	76.98	74.19
Other Operating Expenses	91.64	79.89	106.81	139.09	88.86	56.25
Total Operating Expenses	519.1	503.89	521.9	542.67	459.18	401.44
Operating Income	168.48	156.05	152.03	157.15	133.9	123.1
Interest Expense	-32.51	-32.93	-30.43	-26.65	-24.11	-23.52
Net Interest Expense	-32.51	-32.93	-30.43	-26.65	-24.11	-23.52
Income (Loss) on Equity Investments	12.54	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)	-11.78	-9.93	7.47	-5.46	-14.18	-3.86
EBT Excluding Unusual Items	142.43	131.17	145.5	137.18	109.88	111.84
Pretax Income	142.43	131.17	145.5	137.18	109.88	111.84
Income Tax Expense	14.08	10.6	27.8	26.22	4.12	19.42
Net Income	128.35	120.57	117.7	110.95	105.76	92.42
Net Income to Common	128.35	120.57	117.7	110.95	105.76	92.42
Net Income Growth	6.57%	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)	0.38%	0.15%	0.03%	0.02%	1.56%	2.72%
EPS (Basic)	3.54	3.33	3.25	3.07	2.92	2.60
EPS (Diluted)	3.54	3.33	3.25	3.07	2.92	2.60
EPS Growth	6.51%	2.45%	5.93%	5.07%	12.52%	3.56%
Free Cash Flow	50.02	40.86	15.49	-21.3	-15.64	-30.7
Free Cash Flow Per Share	1.38	1.13	0.43	-0.59	-0.43	-0.86
Dividend Per Share	1.777	1.755	1.670	1.590	1.520	1.450
Dividend Growth	5.15%	5.09%	5.03%	4.61%	4.83%	5.07%
Profit Margin	18.67%	18.27%	17.46%	15.85%	17.83%	17.62%
Free Cash Flow Margin	7.27%	6.19%	2.30%	-3.04%	-2.64%	-5.85%
EBITDA	267.63	254.13	241.98	231.9	205.18	192.19
EBITDA Margin	38.92%	38.51%	35.91%	33.14%	34.60%	36.64%
D&A For EBITDA	99.16	98.08	89.95	74.75	71.28	69.09
EBIT	168.48	156.05	152.03	157.15	133.9	123.1
EBIT Margin	24.50%	23.65%	22.56%	22.46%	22.58%	23.47%
Effective Tax Rate	9.89%	8.08%	19.11%	19.12%	3.74%	17.37%
Revenue as Reported	704.58	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