Quarterly ResultMay 5, 2026, 12:31 PM
MGE Energy Q1 2026 Earnings: EPS $1.32, Net Income $48.5M
AI Summary
MGE Energy, Inc. reported strong financial results for the first quarter of 2026. The company's GAAP net income rose to $48.5 million, or $1.32 per share, an increase from $41.6 million, or $1.14 per share, in the same period last year. This growth was primarily driven by a $5.5 million increase in electric segment earnings, attributed to strategic capital investments and successful renewable energy projects, while the gas segment maintained steady performance.
Key Highlights
- Net income for Q1 2026 was $48.5 million, up from $41.6 million in Q1 2025.
- Earnings per share for Q1 2026 were $1.32, compared to $1.14 in Q1 2025.
- Operating revenues for Q1 2026 reached $242.7 million, up from $218.97 million in Q1 2025.
- Electric segment earnings increased by $5.5 million in Q1 2026 due to capital investments.
- Gas net income showed steady performance with minimal variation compared to Q1 2025.
Price Impact
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