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MGE Energy MGEE Regulated natural gas

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Other financials

Income statement

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Revenue$161.2M+1.1%
Operating income$32.6M-4.6%
Net income$33.4M+25.9%
EPS (diluted)$0.89+23.6%

Balance sheet

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Cash & equivalents$16.6M+57.3%
Total debt$913.9M+19.2%
Total equity$1.4B+13.4%
Total assets$3.3B+15.4%

Cash flow

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Operating cash flow$68.1M+21.5%
CapEx$109.8M+71.2%
Free cash flow-$41.6M-420%

Valuation

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Market cap$3.08B+1.6%
Enterprise value$3.98B+5.0%
P/E20.6×-2.6×
P/S-0.2×

Profitability

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Operating margin22%-0.7pp
Net margin19.5%+1.2pp
FCF margin-21.4%

Returns & leverage

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Return on equity11%+0.3pp
Debt / equity0.6×0.0×
Current ratio1.1×-0.7×

Where this comes from

Reported directly by MGE Energy in its filing.

Tagged under the XBRL concept us-gaap:RegulatedOperatingRevenueGas.

The source filing: MGE Energy’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 8:37 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q3 2026
Accession
0001193125-26-333969
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Operating Revenues:
Electric revenues$131,594$129,527$263,034$255,016
Gas revenues29,60129,925140,864123,406
Total Operating Revenues161,195159,452403,898378,422
Operating Expenses:
Fuel for electric generation12,90716,29233,21633,861
Purchased power5,8135,5628,2809,940
Cost of gas sold9,28511,31380,10865,277

Item 1. Financial Statements.

FAQ

What is MGE Energy's regulated natural gas?
MGE Energy (MGEE) reported regulated natural gas of $29.6M in Q2 2026.
How has MGE Energy's regulated natural gas changed year-over-year?
MGE Energy's regulated natural gas decreased by 1.1% year-over-year, from $29.93M to $29.6M.
What is the long-term trend for MGE Energy's regulated natural gas?
Over 4 years (2021 to 2025), MGE Energy's regulated natural gas has grown at a 3.3% compound annual growth rate (CAGR), from $185.62M to $211.42M.
What does regulated natural gas mean?
This metric represents the total operating revenue generated from the distribution and sale of natural gas through regulated utility operations. It reflects the company's ability to monetize its gas infrastructure and serve residential, commercial, and industrial customers under rate-regulated frameworks. Monitoring this revenue stream helps investors assess the stability and growth potential of the gas utility segment within the broader energy portfolio.

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