---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-021655"
form_type: "8-K"
ticker: "MGEE"
cik: "0001161728"
company_name: "MGE ENERGY INC"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:05:32.356705+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# MGE Energy Q3 GAAP EPS $0.93 vs $0.97 YoY; revenue up 12% to $163.4M

## Summary
- GAAP EPS $0.93 vs $0.97 Q3 2021; net income $33.7M vs $34.9M.
- Operating revenues $163.4M, up from $145.9M; operating income $42.5M vs $37.6M.
- Badger Hollow Solar Farm phase 2 expected H1 2023; carbon reduction target 80% by 2030.
- ATC investment earnings down $0.7M due to possible loss from MISO ROE complaints.
- Gas net income relatively flat YoY.

## SEC filing metadata
- accession: 0000950170-22-021655
- form_type: 8-K
- ticker: MGEE
- cik: 0001161728
- company_name: MGE ENERGY INC
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1161728/000095017022021655/0000950170-22-021655-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61339/000095017022021655/mgee-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-021655
- JSON: https://secwatch.observer/filing/0000950170-22-021655.json
- Plain text: https://secwatch.observer/filing/0000950170-22-021655.txt

## Key facts
- Earnings Releases
  MGE ENERGY INC reported the nine months ended September 30, 2022 results: revenue $524,686, net income $89,901, EPS $2.49.
  - Period: the nine months ended September 30, 2022
  - Revenue: $524,686
  - Net income: $89,901
  - EPS: $2.49
  - Result: reported results
  source text: Nine Months Ended September 30, 2022 2021 Operating revenues $ 524,686 $ 444,518 Operating income $ 109,808 $ 100,045 Net income $ 89,901 $ 92,701 Earnings per share - basic $ 2.49 $ 2.56
  evidence_url: https://www.sec.gov/Archives/edgar/data/1161728/000095017022021655/0000950170-22-021655-index.htm
- Earnings Releases
  MGE ENERGY INC reported the third quarter of 2022 results: revenue $163,400, net income $33,720, EPS $0.93.
  - Period: the third quarter of 2022
  - Revenue: $163,400
  - Net income: $33,720
  - EPS: $0.93
  - Result: reported results
  source text: Three Months Ended September 30, 2022 2021 Operating revenues $ 163,400 $ 145,873 Operating income $ 42,487 $ 37,598 Net income $ 33,720 $ 34,917 Earnings per share - basic $ 0.93 $ 0.97
  evidence_url: https://www.sec.gov/Archives/edgar/data/1161728/000095017022021655/0000950170-22-021655-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.