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MGE Energy MGEE Q3 2025 earnings

Reported November 5, 2025 · Before market open

Revenue$175.7M
EPS$1.22Beat by $0.03
EPS estimate$1.19

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$175.7M+4.3%
Operating income$51.1M+6.1%
Net income$44.5M+8.7%
EPS (diluted)$1.22+8.0%

Balance sheet

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Cash & equivalents$10.1M-31.8%
Total debt$821.0M+7.5%
Total equity$1.3B+8.6%
Total assets$3.0B+8.8%

Cash flow

See full
Operating cash flow$94.8M+19.4%
CapEx$143.9M+174%
Free cash flow-$49.1M-282%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$3.08B-7.0%
Enterprise value$3.89B-4.2%
P/E22.9×-5.0×
P/S4.2×-0.7×

Profitability

See full
Operating margin22.9%+1.5pp
Net margin18.6%+0.9pp

Returns & leverage

See full
Return on equity10.8%+0.6pp
Debt / equity0.6×0.0×
Current ratio0.9×-0.5×

Segments

By product

See full
Totaloperatingrevenue$175.7M+4.3%
Totalretail$159.3M-0.5%
Commercial$72.0M-2.1%
Residential$66.9M+1.5%
Salestothemarket$14.0M+141%

By segment

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Electric$155.3M+5.1%
Gas$20.2M-1.4%
Non Regulated Energy$214.0K0.0%
Corporate And Other-
Transmission Investment-

Versus estimates

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Questions, answered.

When did MGE Energy report Q3 2025 earnings?
MGE Energy (MGEE) reported Q3 2025 earnings on November 5, 2025 before market open.
What were MGE Energy's Q3 2025 revenue and EPS?
MGE Energy reported revenue of $175.7M and eps of $1.22 for Q3 2025.
Did MGE Energy beat estimates in Q3 2025?
EPS beat the consensus estimate of $1.19 by $0.03.
How did MGE Energy's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.3% from $168.5M a year earlier and eps grew 8.0% from $1.13.
Where can I find MGE Energy's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-266389) and the 10-Q periodic report (0001193125-25-266253) directly on SEC EDGAR. The filing index links above go to sec.gov.