MGE Energy has been growing earnings at an average annual rate of 6.2%, while the Electric Utilities industry saw earnings growing at 16.2% annually. Revenues have been growing at an average rate of 4.3% per year. MGE Energy's return on equity is 10.6%, and it has net margins of 19%.
Key information
6.24%
Earnings growth rate
6.02%
EPS growth rate
Electric Utilities Industry Growth
7.32%
Revenue growth rate
4.28%
Return on equity
10.58%
Net Margin
19.03%
Last Earnings Update
31 Mar 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How MGE Energy makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
DB:MG1 Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
750
143
-12
0
31 Dec 25
727
136
-12
0
30 Sep 25
709
135
-11
0
30 Jun 25
701
131
-10
0
31 Mar 25
688
128
-10
0
31 Dec 24
660
121
-9
0
30 Sep 24
654
119
-8
0
30 Jun 24
646
116
-8
0
31 Mar 24
648
120
-6
0
31 Dec 23
674
118
-6
0
30 Sep 23
701
119
-9
0
30 Jun 23
704
115
-12
0
31 Mar 23
708
108
-16
0
31 Dec 22
700
111
-19
0
30 Sep 22
673
103
-18
0
30 Jun 22
656
104
-18
0
31 Mar 22
634
105
-17
0
31 Dec 21
593
106
-17
0
30 Sep 21
567
108
-15
0
30 Jun 21
556
105
-15
0
31 Mar 21
543
101
-14
0
31 Dec 20
525
92
-13
0
30 Sep 20
529
93
-11
0
30 Jun 20
532
92
-8
0
31 Mar 20
537
89
-5
0
31 Dec 19
555
87
-3
0
30 Sep 19
554
87
-5
0
30 Jun 19
553
85
-7
0
31 Mar 19
555
88
-9
0
31 Dec 18
545
84
-11
0
30 Sep 18
546
104
-10
0
30 Jun 18
548
101
-12
0
31 Mar 18
550
98
-9
0
31 Dec 17
549
98
-6
0
30 Sep 17
547
76
-5
0
30 Jun 17
544
77
0
0
31 Mar 17
540
78
0
0
31 Dec 16
530
76
-7
0
30 Sep 16
522
72
0
0
30 Jun 16
526
73
0
0
31 Mar 16
527
70
0
0
31 Dec 15
549
71
0
0
30 Sep 15
564
75
0
0
30 Jun 15
559
70
0
0
Quality Earnings: MG1 has high quality earnings.
Growing Profit Margin: MG1's current net profit margins (19%) are higher than last year (18.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MG1's earnings have grown by 6.2% per year over the past 5 years.
Accelerating Growth: MG1's earnings growth over the past year (11.2%) exceeds its 5-year average (6.2% per year).
Earnings vs Industry: MG1 earnings growth over the past year (11.2%) exceeded the Electric Utilities industry 2.8%.
Return on Equity
High ROE: MG1's Return on Equity (10.6%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/05/24 23:24
End of Day Share Price
2026/05/22 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
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.
* 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.