---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-003633"
form_type: "8-K"
ticker: "MGEE"
cik: "0001161728"
company_name: "MGE ENERGY INC"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:14:43.100170+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MGE Energy reports FY2022 EPS $3.07, up from $2.92; Q4 EPS $0.58 vs $0.36

## Summary
- Full-year net income $111.0M ($3.07 diluted EPS) vs $105.8M ($2.92) in 2021.
- Q4 net income $21.1M ($0.58 diluted EPS) vs $13.1M ($0.36) a year ago.
- Operating revenues $714.5M for FY 2022, up from $606.6M in 2021.
- Gas retail therm deliveries rose ~15% YoY, driven by colder weather.
- Badger Hollow II, Red Barn, and Paris renewable projects expected in 2023.

## SEC filing metadata
- accession: 0000950170-23-003633
- form_type: 8-K
- ticker: MGEE
- cik: 0001161728
- company_name: MGE ENERGY INC
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1161728/000095017023003633/0000950170-23-003633-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61339/000095017023003633/mgee-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-003633
- JSON: https://secwatch.observer/filing/0000950170-23-003633.json
- Plain text: https://secwatch.observer/filing/0000950170-23-003633.txt

## Key facts
- Earnings Releases
  MGE ENERGY INC reported Three Months Ended December 31, 2022 results: revenue $ 189,833, net income $ 21,051, EPS $ 0.58.
  - Period: Three Months Ended December 31, 2022
  - Revenue: $ 189,833
  - Net income: $ 21,051
  - EPS: $ 0.58
  - Result: reported results
  source text: Three Months Ended December 31, 2022 2021 Operating Revenues $ 189,833 $ 162,066 Operating Income $ 27,935 $ 17,249 Net Income $ 21,051 $ 13,060 Earnings Per Share - basic $ 0.58 $ 0.36 Earnings Per Share - diluted $ 0.58 $ 0.36
  evidence_url: https://www.sec.gov/Archives/edgar/data/1161728/000095017023003633/0000950170-23-003633-index.htm
- Earnings Releases
  MGE ENERGY INC reported Year Ended December 31, 2022 results: revenue $ 714,519, net income $ 110,952, EPS $ 3.07.
  - Period: Year Ended December 31, 2022
  - Revenue: $ 714,519
  - Net income: $ 110,952
  - EPS: $ 3.07
  - Result: reported results
  source text: Year Ended December 31, 2022 2021 Operating Revenues $ 714,519 $ 606,584 Operating Income $ 137,743 $ 117,294 Net Income $ 110,952 $ 105,761 Earnings Per Share - basic $ 3.07 $ 2.92 Earnings Per Share - diluted $ 3.07 $ 2.92
  evidence_url: https://www.sec.gov/Archives/edgar/data/1161728/000095017023003633/0000950170-23-003633-index.htm

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