MGE Energy Management
Management criteria checks 4/4
MGE Energy's CEO is Jeff Keebler, appointed in Mar 2017, has a tenure of 8.17 years. total yearly compensation is $2.13M, comprised of 35.7% salary and 64.3% bonuses, including company stock and options. directly owns 0.018% of the company’s shares, worth €528.31K. The average tenure of the management team and the board of directors is 4.7 years and 7.2 years respectively.
Key information
Jeff Keebler
Chief executive officer
US$2.1m
Total compensation
| CEO salary percentage | 35.66% |
| CEO tenure | 8.2yrs |
| CEO ownership | 0.02% |
| Management average tenure | 4.7yrs |
| Board average tenure | 7.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | US$128m |
| Dec 31 2024 | US$2m | US$758k | US$121m |
| Sep 30 2024 | n/a | n/a | US$119m |
| Jun 30 2024 | n/a | n/a | US$116m |
| Mar 31 2024 | n/a | n/a | US$120m |
| Dec 31 2023 | US$3m | US$711k | US$118m |
| Sep 30 2023 | n/a | n/a | US$119m |
| Jun 30 2023 | n/a | n/a | US$115m |
| Mar 31 2023 | n/a | n/a | US$108m |
| Dec 31 2022 | US$2m | US$672k | US$111m |
| Sep 30 2022 | n/a | n/a | US$103m |
| Jun 30 2022 | n/a | n/a | US$104m |
| Mar 31 2022 | n/a | n/a | US$105m |
| Dec 31 2021 | US$3m | US$643k | US$106m |
| Sep 30 2021 | n/a | n/a | US$108m |
| Jun 30 2021 | n/a | n/a | US$105m |
| Mar 31 2021 | n/a | n/a | US$101m |
| Dec 31 2020 | US$3m | US$620k | US$92m |
| Sep 30 2020 | n/a | n/a | US$93m |
| Jun 30 2020 | n/a | n/a | US$92m |
| Mar 31 2020 | n/a | n/a | US$89m |
| Dec 31 2019 | US$2m | US$592k | US$87m |
| Sep 30 2019 | n/a | n/a | US$87m |
| Jun 30 2019 | n/a | n/a | US$85m |
| Mar 31 2019 | n/a | n/a | US$88m |
| Dec 31 2018 | US$2m | US$521k | US$84m |
Compensation vs Market: Jeff's total compensation ($USD2.13M) is about average for companies of similar size in the German market ($USD2.36M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
CEO
Jeff Keebler (52 yo)
8.2yrs
Tenure
US$2,126,131
Compensation
Mr. Jeffrey M. Keebler, also known as Jeff, serves as President and Chief Executive Officer of Madison Gas and Electric Company since March 1, 2017 and has been its Chairman of the Board since October 01,...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.2yrs | US$2.13m | 0.018% € 528.3k | |
| VP, CFO & Treasurer | 4.7yrs | US$1.02m | 0.0044% € 129.7k | |
| VP, General Counsel & Secretary | 9.5yrs | US$913.44k | 0.0046% € 135.0k | |
| Executive Vice President | less than a year | US$781.24k | 0.028% € 826.7k | |
| Vice President of Energy Operations | no data | US$713.59k | 0.0065% € 190.9k | |
| Assistant VP of Accounting & Controller | 1.3yrs | no data | no data | |
| Director of Shareholder Services & Treasury Management | no data | no data | no data |
4.7yrs
Average Tenure
50yo
Average Age
Experienced Management: MG1's management team is considered experienced (4.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.2yrs | US$2.13m | 0.018% € 528.3k | |
| Director | 25.3yrs | US$155.50k | 0.058% € 1.7m | |
| Independent Director | 7.2yrs | US$164.50k | 0.016% € 464.2k | |
| Independent Director | 17.3yrs | US$164.50k | 0.015% € 448.1k | |
| Independent Director | 1.2yrs | US$131.17k | 0% € 0 | |
| Lead Independent Director | 15.5yrs | US$177.13k | 0.013% € 380.7k | |
| Independent Director | 1.2yrs | US$132.67k | 0% € 0 | |
| Independent Director | 1.2yrs | US$137.17k | 0% € 0 | |
| Independent Director | 7.2yrs | US$173.00k | 0.0046% € 134.4k | |
| Independent Director | 3.7yrs | US$154.00k | 0.0017% € 49.2k |
7.2yrs
Average Tenure
63yo
Average Age
Experienced Board: MG1's board of directors are considered experienced (7.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/15 22:40 |
| End of Day Share Price | 2025/05/14 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
MGE Energy, Inc. is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Parker | Baird |
| Julien Dumoulin-Smith | BofA Global Research |
| Nathan Bates | D.A. Davidson & Co. |