Quarterly ResultMay 5, 2026, 12:28 PM
MGE Energy Q1 Net Income +16.6% to $48.5M; EPS $1.32; Revenue +10.8%
AI Summary
MGE Energy Inc. reported a strong first quarter for 2026, with net income increasing by 16.6% to $48.5 million and basic earnings per share rising to $1.32. Total operating revenues grew by 10.8% to $242.7 million, driven by increases in both electric and gas revenues. The company also significantly increased capital expenditures and issued $90 million in long-term debt to support its operations and investments.
Key Highlights
- Net income increased 16.6% to $48.5 million for Q1 2026, up from $41.6 million in Q1 2025.
- Basic EPS rose 15.8% to $1.32 in Q1 2026, compared to $1.14 in the prior year period.
- Total operating revenues grew 10.8% to $242.7 million, from $219.0 million in Q1 2025.
- Electric revenues increased 4.7% to $131.4 million, and gas revenues rose 19.0% to $111.3 million.
- Capital expenditures more than doubled to $101.1 million in Q1 2026, from $47.7 million in Q1 2025.
- The company issued $90.0 million in long-term debt during Q1 2026.
- Dividends per share increased to $0.475 in Q1 2026, up from $0.450 in Q1 2025.