---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-037783"
form_type: "8-K"
ticker: "MGEE"
cik: "0001161728"
company_name: "MGE ENERGY INC"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:15:43.748818+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MGE Energy Q2 2023 diluted EPS $0.79 vs $0.60 YoY; net income up to $28.7M

## Summary
- GAAP diluted EPS $0.79, up from $0.60 in Q2 2022; net income $28.7M vs $21.8M.
- Operating income $38.4M vs $25.5M YoY despite slight revenue decline ($148.0M vs $152.3M).
- Electric earnings driven by increased rate base investments; gas net income relatively flat.
- Timing of 2023 depreciation expense and lower fuel costs boosted electric earnings.
- Capital projects including Badger Hollow and Paris solar phases expected to increase depreciation later.

## SEC filing metadata
- accession: 0000950170-23-037783
- form_type: 8-K
- ticker: MGEE
- cik: 0001161728
- company_name: MGE ENERGY INC
- filed_at: 2023-08-03T23:59:59+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/1161728/000095017023037783/0000950170-23-037783-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61339/000095017023037783/mgee-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-037783
- JSON: https://secwatch.observer/filing/0000950170-23-037783.json
- Plain text: https://secwatch.observer/filing/0000950170-23-037783.txt

## Key facts
- Earnings Releases
  MGE ENERGY INC reported the second quarter of 2023 results: net income $28.7 million, or $0.79 per share, EPS $0.79 per share.
  - Period: the second quarter of 2023
  - Net income: $28.7 million, or $0.79 per share
  - EPS: $0.79 per share
  - Result: reported results
  source text: On August 3, 2023, MGE Energy, Inc. (the Company) issued a press release announcing its second quarter 2023 earnings.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1161728/000095017023037783/0000950170-23-037783-index.htm

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