MGE Energy, Inc. (MGEE)

MGE Energy Income Statement

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

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