MGE Energy Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	5.67	21.3	11.14	11.6	17.44
Cash & Short-Term Investments	5.67	21.3	11.14	11.6	17.44
Cash Growth	-73.40%	91.22%	-4.00%	-33.46%	-61.02%
Accounts Receivable	57.56	51.28	46.73	55.41	46.21
Other Receivables	55.75	45.9	48.8	54.5	50.91
Total Trade Receivables	113.31	97.18	95.53	109.91	97.11
Inventory	64.18	67.65	72.65	74.28	51.96
Short-Term Regulatory Assets	8.88	8.52	20.98	9.54	1.47
Other Current Assets	36.52	32.62	37.9	38.15	31.4
Total Current Assets	228.55	227.27	238.2	243.48	199.37
Net Property, Plant & Equipment	2,573	2,287	2,128	1,971	1,879
Long-Term Investments	127.91	118.04	112.82	105.88	98.75
Long-Term Regulatory Assets	42.76	36.76	81.59	103.9	107.55
Other Long-Term Assets	183.33	158.55	114.64	93.24	87.46
Total Assets	3,155	2,828	2,675	2,518	2,372
Accounts Payable	117.67	77.47	65.45	59.33	64.15
Accrued Expenses	27.51	27.43	25.26	20.93	23.34
Short-Term Debt	94.53	-	38	70.5	5.5
Current Portion of Long-Term Debt	21.63	5.29	5.15	54.31	4.89
Short-Term Regulatory Liabilities	23.49	7.97	15.3	11.93	9.37
Other Current Liabilities	11.87	7.42	8	8.06	10.61
Total Current Liabilities	296.71	125.56	157.16	225.06	117.85
Long-Term Debt	792.21	763.7	718.82	585.25	614.21
Long-Term Leases	-	-	-	17.11	17.32
Long-Term Regulatory Liabilities	185.37	163.34	162.32	156.99	154.3
Other Long-Term Liabilities	577.2	545.23	497.09	451.52	440.76
Total Long-Term Liabilities	1,555	1,472	1,378	1,211	1,227
Total Liabilities	1,851	1,598	1,535	1,436	1,344
Common Stock	36.54	36.49	36.16	36.16	36.16
Additional Paid-in Capital	434.96	429.52	396.75	395.66	394.9
Retained Earnings	832.44	764.13	707.16	649.85	596.4
Shareholders' Equity	1,304	1,230	1,140	1,082	1,027
Total Liabilities & Equity	3,155	2,828	2,675	2,518	2,372
Total Debt	908.37	768.98	761.97	727.17	641.92
Net Cash (Debt)	-902.7	-747.68	-750.83	-715.56	-624.48
Net Cash Per Share	-24.68	-20.63	-20.75	-19.78	-17.27
Book Value	1,304	1,230	1,140	1,082	1,027
Book Value Per Share	35.65	33.95	31.51	29.90	28.41
Tangible Book Value	1,304	1,230	1,140	1,082	1,027
Tangible Book Value Per Share	35.65	33.95	31.51	29.90	28.41

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.

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