MGE ENERGY INC

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.

MGE Energy announced the upcoming retirement of James J. Lorenz, Vice President – Energy Operations of Madison Gas and Electric Company, effective December 31, 2026. John T. Robson, currently Assistant Vice President – Energy Engineering and Production, will succeed Mr. Lorenz in the role of Vice President – Energy Operations, effective January 1, 2027.

MGE Energy, Inc. posted a financial presentation on its Investor Relations website on May 8, 2026. Representatives from MGE Energy, Inc. will attend the 2026 AGA Financial Forum in Scottsdale, Arizona, from May 17-18, 2026.

MGE Energy, Inc. announced an underwritten public offering of 3,300,331 shares of its common stock. Of these, 990,099 shares were sold directly by the company, while 2,310,232 shares were sold by forward sellers who borrowed them from third parties. Concurrently, the company entered into Forward Sale Agreements with Morgan Stanley, Bank of America, and JPMorgan Chase for these 2,310,232 shares, with an initial forward sale price of $72.9094 per share. The net proceeds from the offering and future settlement of the forward sale agreements are intended for general corporate purposes, including debt repayment, capital expenditures, and investments in subsidiaries.

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.

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.

MGE Energy, Inc. and Madison Gas and Electric Company announced the promotion of Jared Bushek to Executive Vice President Chief Financial Officer and Treasurer, effective May 1, 2026. Mr. Bushek, who previously served as Vice President CFO and Treasurer, also received a one-time retention award of 25,000 restricted stock units under the company's 2021 Long-Term Incentive Plan. This award is designed to support his retention and will cliff vest on its fifth anniversary, subject to continued employment.