MGE ENERGY INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $743.7M | $676.9M | $690.4M | $714.5M | $606.6M |
| Operating income | $170.7M | $146.3M | $146.4M | $137.7M | $117.3M |
| Income tax expense | $20.8M | $10.6M | $27.8M | $26.2M | $4.1M |
| Net income | $135.9M | $120.6M | $117.7M | $111.0M | $105.8M |
| Balance Sheet | |||||
| Cash and equivalents | $5.7M | $21.3M | $11.1M | $11.6M | $17.4M |
| Current assets | $228.5M | $227.3M | $238.2M | $243.5M | $199.4M |
| Total assets | $3.2B | $2.8B | $2.7B | $2.5B | $2.4B |
| Current liabilities | $296.7M | $125.6M | $157.2M | $225.1M | $117.8M |
| Stockholders' equity | $1.3B | $1.2B | $1.1B | $1.1B | $1.0B |
| Cash Flow Statement | |||||
| Cash from operations | $263.2M | $277.8M | $237.6M | $153.7M | $137.5M |
| Stock-based compensation | $3.3M | $4.5M | $2.7M | $1.3M | $2.9M |
| Capital expenditure | $343.2M | $236.9M | $222.1M | $175.0M | $153.2M |
| Free cash flow | -$80.0M | $40.9M | $15.5M | -$21.3M | -$15.6M |
| Dividends paid | $67.6M | $63.6M | $60.4M | $57.5M | $54.8M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 36.8M · Free float 99.7%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.