# MGE Energy Inc: overview

MGEE · Nasdaq · CIK 1161728 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/mgee.md) · [Financials](/companies/mgee/financials.md) · [Filings](/companies/mgee/filings.md) · [Insiders](/companies/mgee/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

| Line item | Unit | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [0.66](/filings/0000950170-25-103668.md) | [1.13](/filings/0001193125-25-266253.md) | not reported | [1.14](/filings/0001193125-26-205678.md) | [0.72](/filings/0000950170-25-103668.md) | [1.22](/filings/0001193125-25-266253.md) | not reported | [1.32](/filings/0001193125-26-205678.md) |
| Free cash flow | $m | [(2.2) d](/filings/0000950170-25-103668.md) | [27.0 d](/filings/0001193125-25-266253.md) | [(4.9) d](/filings/0001193125-26-067036.md) | [30.2](/filings/0001193125-26-205678.md) | [(8.0) d](/filings/0000950170-25-103668.md) | [(49.1) d](/filings/0001193125-25-266253.md) | [(53.1) d](/filings/0001193125-26-067036.md) | [(20.4)](/filings/0001193125-26-205678.md) |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [2.92](/filings/0000950170-24-017706.md) | [3.07](/filings/0000950170-25-026262.md) | [3.25](/filings/0001193125-26-067036.md) | [3.33](/filings/0001193125-26-067036.md) | [3.72](/filings/0001193125-26-067036.md) |
| Free cash flow | $m | [(15.6)](/filings/0000950170-24-017706.md) | [(21.3)](/filings/0000950170-25-026262.md) | [15.5](/filings/0001193125-26-067036.md) | [40.9](/filings/0001193125-26-067036.md) | [(80.0)](/filings/0001193125-26-067036.md) |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/mgee/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $496.9m | 6,093,900 |  | Added +634,206 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $227.8m | 2,793,808 |  | Added +130,707 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $167.1m | 2,049,814 |  | Added +131,136 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $138.8m | 1,702,695 |  | Added +61,669 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $82.0m | 1,005,058 |  | Added +79,287 |
| [Zimmer Partners, LP](/funds/1565854.md) | 2026-06-30 | $81.5m | 1,000,000 |  | New +1,000,000 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $57.2m | 700,969 |  | Added +16,702 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $44.5m | 545,468 |  | Added +239,075 |
| [WESTWOOD HOLDINGS GROUP INC](/funds/1165002.md) | 2026-06-30 | $43.3m | 530,621 |  | New +530,621 |
| [GABELLI FUNDS LLC](/funds/1081407.md) | 2026-06-30 | $41.9m | 513,700 |  | Added +242,500 |

## Recent filings

[All 660 filings](/companies/mgee/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-05 | 19:23 ET | [8-K](/filings/0001193125-26-414025.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-414025 |
| 2026-08-21 | 15:33 ET | [8-K](/filings/0001193125-26-360327.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-360327 |
| 2026-08-05 | 12:57 ET | [8-K](/filings/0001193125-26-334011.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-334011 |
| 2026-08-05 | 12:37 ET | [10-Q](/filings/0001193125-26-333969.md) | Quarterly report, period 2026-06-30 | 0001193125-26-333969 |
| 2026-06-23 | 19:26 ET | [8-K](/filings/0001193125-26-279300.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001193125-26-279300 |
| 2026-05-22 | 14:41 ET | [8-K](/filings/0001193125-26-235741.md) | 5.07 Shareholder vote results | 0001193125-26-235741 |
| 2026-05-08 | 20:44 ET | [8-K](/filings/0001193125-26-214813.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-214813 |
| 2026-05-08 | 20:25 ET | [8-K](/filings/0001193125-26-214717.md) | 1.01 Entry into a material agreement; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-214717 |
| 2026-05-05 | 16:25 ET | [8-K](/filings/0001193125-26-205689.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-205689 |
| 2026-05-05 | 16:23 ET | [10-Q](/filings/0001193125-26-205678.md) | Quarterly report, period 2026-03-31 | 0001193125-26-205678 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-067036.md), filed Feb 24, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1161728
- Tickers: MGEE
- Exchange: Nasdaq
- SIC code: 4900 Electric, Gas & Sanitary Services
- State of incorporation: WI
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:34 ET. No prices; not investment advice.