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MGE Energy MGEE Q4 2025 Annual earnings

Reported February 25, 2026 · Before market open

Revenue$189.6MBeat by $9.7M
EPS$0.64In line
Revenue estimate$179.8M
EPS estimate$0.64

Next report

Nov 4, 2026 (In 3 weeks)
Revenue estimate$187.4M
EPS estimate$1.18

Financials

Q4 2025

Income statement

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Revenue$189.6M+10.6%
Operating income$32.5M+17.5%
Net income$23.3M+5.8%
EPS (diluted)$0.64+4.9%

Balance sheet

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Cash & equivalents$5.7M-73.4%
Total debt$906.4M+15.7%
Total equity$1.3B+6.0%
Total assets$3.2B+11.6%

Cash flow

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Operating cash flow$34.5M-49.3%
CapEx$87.6M+20.2%
Free cash flow-$53.1M—

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$2.87B-15.8%
Enterprise value$3.77B-9.6%
P/E21.1×-7.1×
P/S3.9×-1.2×

Profitability

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Operating margin22.9%+1.3pp
Net margin18.3%+0.5pp
FCF margin-10.8%—

Returns & leverage

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Return on equity10.7%+0.6pp
Debt / equity0.7×+0.1×
Current ratio0.8×-1.0×

Segments

By product

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Totaloperatingrevenue$189.6M+10.6%
Residential$83.9M+12.6%
Commercial$61.4M+6.4%
Commercialandindustrial$26.7M+23.1%
Otherretailandmunicipal$9.6M+2.5%

By segment

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Non Regulated Energy$214.0K0.0%
Corporate And Other-—

FAQ

When did MGE Energy report Q4 2025 earnings?
MGE Energy (MGEE) reported Q4 2025 earnings on February 25, 2026 before market open.
What were MGE Energy's Q4 2025 revenue and EPS?
MGE Energy reported revenue of $189.6M and eps of $0.64 for Q4 2025.
Did MGE Energy beat estimates in Q4 2025?
Revenue beat the consensus estimate of $179.8M by $9.7M. EPS beat the consensus estimate of $0.64 by $0.00.
How did MGE Energy's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.6% from $171.4M a year earlier and eps grew 4.9% from $0.61.
Where can I find MGE Energy's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-26-067481) and the 10-K periodic report (0001193125-26-067036) directly on SEC EDGAR. The filing index links above go to sec.gov.