Quarterly ResultAug 5, 2026, 09:03 AM
MGE Energy Q2 2026 Earnings $33.4M; EPS $0.89
AI Summary
MGE Energy, Inc. reported strong financial results for the second quarter of 2026, with GAAP earnings increasing to $33.4 million, or $0.89 per share, compared to $26.5 million, or $0.72 per share, in the prior year. The growth was primarily driven by a $3.0 million increase in electric segment earnings due to strategic capital investments in renewable energy projects, and an additional $3.9 million from investment gains. The company also posted a financial presentation on its Investor Relations website.
Key Highlights
- Q2 2026 GAAP earnings were $33.4 million, or $0.89 per share, up from $26.5 million, or $0.72 per share, in Q2 2025.
- Electric segment earnings increased by $3.0 million in Q2 2026 compared to Q2 2025.
- Earnings benefited from $3.9 million in investment gains, including venture capital funds.
- Q2 2026 operating revenues were $161.2 million, compared to $159.5 million in Q2 2025.
- Six months ended June 30, 2026, net income was $81.8 million, or $2.21 per share, up from $68.1 million, or $1.86 per share, in 2025.
Price Impact
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