What is MGE Energy's market cap?

MGE Energy (MGEE) has a market capitalization of $3.1B and trades on NASDAQ.

What is MGE Energy's revenue and profitability?

MGE Energy generated $767.4M in trailing twelve-month revenue with net income of $142.8M, representing a net margin of 18.6%, with free cash flow of -$130.6M. These figures are based on the Q1 2026 filing.

Who are MGE Energy's competitors?

MGE Energy's key competitors include Alliant Energy Corporation, Xcel Energy Inc, WEC Energy Group Inc, and others. These companies compete in similar markets and product categories.

Who does MGE Energy partner with?

MGE Energy's notable partners include American Transmission Company LLC, ATC Holdco LLC, University of Wisconsin.

What subsidiaries does MGE Energy have?

MGE Energy's subsidiaries include Madison Gas and Electric Company, MGE Power Elm Road, MGE Power West Campus, and others.

Where is MGE Energy headquartered?

MGE Energy is headquartered in United States of America and employs approximately 719 people. It has been publicly traded since 1972.

MGE Energy

MGEE

MGE Energy Inc is a public utility holding company that provides electric and natural gas services through its primary subsidiary, Madison Gas and Electric Company (MGE).

Market cap

$3.08B+0.8%

Revenue$767.4M+8.9%

Net income$142.8M+11.2%

Free cash flow-$130.6M-227%

EPS (diluted)$3.90+10.2%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 5, 2026

Revenue$242.7MBeat by $15.6M EPS$1.32Beat by $0.19

Read the full report

Next report

Aug 5, 2026 (In 1 week)

Revenue estimate$165.6M

EPS estimate$0.77

Financials

Q1 2026

Income statement

See full

Revenue$242.7M+10.8%

Operating income$53.2M+0.5%

Net income$48.5M+16.6%

EPS (diluted)$1.32+15.8%

Balance sheet

See full

Cash & equivalents$9.5M-73.2%

Total debt$920.6M+19.9%

Total equity$1.3B+7.2%

Total assets$3.2B+12.1%

Cash flow

See full

Operating cash flow$80.7M+3.6%

CapEx$101.1M+112%

Free cash flow-$20.4M-168%

Valuation & ratios

Valuation

See full

Market cap$3.08B+0.8%

Enterprise value$3.99B+3.5%

P/E21.6×-2.1×

P/S4×-0.3×

Profitability

See full

Operating margin22.3%-0.2pp

Net margin18.6%+0.4pp

FCF margin-17%—

Returns & leverage

See full

Return on equity10.9%+0.3pp

Debt / equity0.7×+0.1×

Current ratio1.2×-0.9×

Segments

By product

See full

Totaloperatingrevenue$242.7M+10.8%

Totalretail$227.2M+8.7%

Residential$108.1M+9.2%

Commercial$61.4M+1.3%

Commercialandindustrial$45.5M+22.6%

By segment

See full

Electric$131.4M+4.7%

Gas$111.3M+19.0%

Non Regulated Energy$60.0K+71.4%

Corporate And Other-—

Transmission Investment-—

Competitors

By market cap

Duke Energy$100.44B+9.9%

Xcel Energy$50.4B+22.8%

WEC Energy Group$37.1B+8.1%

CMS

CMS Energy$22.9B+7.5%

Alliant Energy$19.1B+16.5%

NorthWestern Energy Group, Inc.$4.4B+38.8%

Chesapeake Utilities Corporation$3.3B+15.2%

MGE Energy$3.1B-0.6%

By revenue growth

Chesapeake Utilities Corporation+17.2%

CMS

CMS Energy+13.3%

NorthWestern Energy Group, Inc.+9.1%

WEC Energy Group+8.9%

MGE Energy+8.9%

Duke Energy+4.0%

By net margin

MGE Energy18.61%+0.4pp

WEC Energy Group16.69%-1.1pp

Duke Energy15.66%+1.3pp

Chesapeake Utilities Corporation15.11%+0.4pp

CMS

CMS Energy12.55%-0.6pp

Xcel Energy11.14%—

NorthWestern Energy Group, Inc.10.21%-5.5pp

Profile

MGE Energy Inc is a public utility holding company that provides electric and natural gas services through its primary subsidiary, Madison Gas and Electric Company (MGE). The company focuses on the generation, transmission, and distribution of energy to residential, commercial, and industrial customers in the Madison, Wisconsin area, while also managing nonregulated energy infrastructure and strategic transmission investments.

Competitive position

MGE Energy maintains a dominant, regulated position as the primary utility provider for the Madison, Wisconsin metropolitan area, characterized by high barriers to entry and state-sanctioned service territories.

GeographiesWisconsin, Iowa, United States

Customer segmentsResidential Consumers, Commercial Enterprises, Industrial Manufacturers

Business modelRegulated Monopoly, Asset Leasing, Infrastructure Investment

SuppliersNatural Gas Producers, Coal Suppliers, Power Plant Equipment Manufacturers, Wholesale Energy Markets

CustomersResidential Households, Small Businesses, Large Industrial Facilities, Governmental Agencies

CountryUnited States of America

Listed1972

Employees719.0

CEOJeffrey Keebler

SectorUtilities

IndustryDiversified Utilities

Websitemgeenergy.com

FilingsSEC EDGAR

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Questions, answered.

What is MGE Energy's market cap?: MGE Energy (MGEE) has a market capitalization of $3.1B and trades on NASDAQ.
What is MGE Energy's revenue and profitability?: MGE Energy generated $767.4M in trailing twelve-month revenue with net income of $142.8M, representing a net margin of 18.6%, with free cash flow of -$130.6M. These figures are based on the Q1 2026 filing.
Who are MGE Energy's competitors?: MGE Energy's key competitors include Alliant Energy Corporation, Xcel Energy Inc, WEC Energy Group Inc, and others. These companies compete in similar markets and product categories.
Who does MGE Energy partner with?: MGE Energy's notable partners include American Transmission Company LLC, ATC Holdco LLC, University of Wisconsin.
What subsidiaries does MGE Energy have?: MGE Energy's subsidiaries include Madison Gas and Electric Company, MGE Power Elm Road, MGE Power West Campus, and others.
Where is MGE Energy headquartered?: MGE Energy is headquartered in United States of America and employs approximately 719 people. It has been publicly traded since 1972.