MGE Energy, Inc. (MGEE) Earnings History
Steady Earner32 years of earnings data (1994–2025) · Positive but moderate multi-year EPS trajectory
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MGE Energy, Inc. (MGEE) Earnings Overview
As of September 24, 2026, MGE Energy, Inc. (MGEE) reported trailing twelve-month net income of $150M, reflecting +11.7% year-over-year growth. The company earned $3.99 per diluted share over the past four quarters, with a net profit margin of 18.3%.
Looking at the long-term picture, MGEE's 5-year EPS compound annual growth rate (CAGR) stands at +7.4%, showing solid earnings momentum. The company achieved its highest annual net income of $136M in fiscal 2025, representing a new all-time high.
MGE Energy, Inc. maintains industry-leading profitability with a gross margin of 97.3%, operating margin of 22.9%, and net margin of 18.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including OTTR ($195M net income, 21.2% margin), AVA ($227M net income, 9.8% margin), NWE ($171M net income, 11.2% margin), MGEE has room to improve margins relative to the peer group. Compare MGEE vs OTTR →
MGEE Earnings vs Peers
Earnings metrics vs comparable public companies
MGEE Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $136M | +12.7% | $171M | $3.72 | 18.3% | 22.9% |
| 2024 | $121M | +2.4% | $146M | $3.33 | 17.8% | 21.6% |
| 2023 | $118M | +6.1% | $146M | $3.25 | 17.0% | 21.2% |
| 2022 | $111M | +4.9% | $138M | $3.07 | 15.5% | 19.3% |
| 2021 | $106M | +14.4% | $117M | $2.92 | 17.4% | 19.3% |
| 2020 | $92M | +6.4% | $110M | $2.60 | 17.2% | 20.4% |
| 2019 | $87M | +3.2% | $111M | $2.33 | 15.3% | 19.5% |
| 2018 | $84M | -13.7% | $114M | $2.43 | 15.0% | 20.4% |
| 2017 | $98M | +29.2% | $129M | $2.82 | 17.3% | 22.9% |
| 2016 | $76M | +5.9% | $128M | $2.18 | 13.9% | 23.5% |
| 2015 | $71M | -11.2% | $124M | $2.06 | 12.6% | 22.0% |
| 2014 | $80M | +7.2% | $138M | $2.32 | 13.0% | 22.3% |
| 2013 | $75M | +16.2% | $128M | $2.16 | 12.7% | 21.7% |
| 2012 | $64M | +5.8% | $113M | $1.86 | 11.9% | 20.8% |
| 2011 | $61M | +5.6% | $108M | $1.76 | 11.2% | 19.7% |
| 2010 | $58M | +13.2% | $97M | $1.67 | 10.8% | 18.1% |
| 2009 | $51M | -3.4% | $85M | $1.47 | 9.6% | 15.9% |
| 2008 | $53M | +8.1% | $88M | $1.59 | 8.9% | 14.7% |
| 2007 | $49M | +15.1% | $84M | $1.51 | 9.1% | 15.6% |
| 2006 | $42M | +32.2% | $79M | $1.37 | 8.4% | 15.6% |
| 2005 | $32M | -5.2% | $60M | $1.05 | 6.3% | 11.8% |
| 2004 | $34M | +10.4% | $62M | $1.18 | 8.0% | 14.6% |
| 2003 | $31M | +5.0% | $60M | $1.14 | 7.6% | 14.9% |
| 2002 | $29M | +7.1% | $58M | $1.13 | 8.4% | 16.7% |
| 2001 | $27M | -0.4% | $49M | $1.08 | 8.2% | 14.5% |
| 2000 | $27M | +15.4% | $56M | $1.11 | 8.4% | 17.1% |
| 1999 | $24M | +6.8% | $45M | $0.99 | 8.6% | 16.3% |
| 1998 | $22M | -1.3% | $40M | $0.92 | 8.9% | 16.2% |
| 1997 | $23M | +251.6% | $43M | $0.93 | 8.5% | 16.2% |
| 1996 | $6M | -73.3% | $34M | $0.27 | 2.5% | 13.3% |
| 1995 | $24M | -4.0% | $48M | $0.99 | 9.7% | 19.3% |
| 1994 | $25M | - | $49M | $1.02 | 10.2% | 20.0% |
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MGEE — Frequently Asked Questions
Quick answers to the most common questions about buying MGEE stock.
What is MGEE earnings per share (EPS)?
MGEE trailing twelve-month (TTM) diluted EPS is $3.99, reflecting +11.7% year-over-year growth. The 5-year EPS CAGR is +7.4%. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is MGE Energy, Inc.'s net income?
MGE Energy, Inc. (MGEE) trailing twelve-month net income is $150M as of 2025. Earnings grew +11.7% year-over-year. MGE Energy, Inc. has been profitable for 32 consecutive years.
Is MGEE profitable?
Yes, MGEE is profitable with a TTM net income of $150M and a net profit margin of +18.3%. MGE Energy, Inc. has generated profits for 32 consecutive years.
What is MGEE's earnings growth rate?
MGEE compound annual EPS growth rates (CAGR): 1-Year: +11.7%, 3-Year: +6.6%, 5-Year: +7.4%, 10-Year: +6.1%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are MGEE's profit margins?
MGE Energy, Inc. net profit margin is +18.3%, operating margin is +22.9%, and gross margin is +97.3%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +10.7%.
Is MGEE growing earnings?
MGEE is growing earnings steadily. YoY EPS growth of +11.7% is consistent with the 5-year CAGR of +7.4%. TTM net income is $150M.
What was MGEE's best earnings year?
MGE Energy, Inc.'s highest annual net income on record is $136M, achieved in fiscal year 2025. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were MGEE's earnings last quarter?
MGEE's most recent reported quarter was Q2 2026. Net income was $33M with diluted EPS of $0.89. For a full breakdown of all quarters, see the quarterly earnings table on this page.