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MGE Energy MGEE Q1 2026 earnings

Reported May 5, 2026 · Before market open

Revenue$242.7MBeat by $15.6M
EPS$1.32Beat by $0.19
Revenue estimate$227.1M
EPS estimate$1.13

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$165.6M
EPS estimate$0.77

Financials

Q1 2026

Income statement

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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

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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

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Operating cash flow$80.7M+3.6%
CapEx$101.1M+112%
Free cash flow-$20.4M-168%

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$3.08B-0.6%
Enterprise value$3.99B+3.5%
P/E21.6×-2.1×
P/S-0.3×

Profitability

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Operating margin22.3%-0.2pp
Net margin18.6%+0.4pp
FCF margin-17%

Returns & leverage

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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-

Versus estimates

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Questions, answered.

When did MGE Energy report Q1 2026 earnings?
MGE Energy (MGEE) reported Q1 2026 earnings on May 5, 2026 before market open.
What were MGE Energy's Q1 2026 revenue and EPS?
MGE Energy reported revenue of $242.7M and eps of $1.32 for Q1 2026.
Did MGE Energy beat estimates in Q1 2026?
Revenue beat the consensus estimate of $227.1M by $15.6M. EPS beat the consensus estimate of $1.13 by $0.19.
How did MGE Energy's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.8% from $219.0M a year earlier and eps grew 15.8% from $1.14.
Where can I find MGE Energy's Q1 2026 SEC filings?
You can read the 10-Q periodic report (0001193125-26-205678) directly on SEC EDGAR. The filing index links above go to sec.gov.