---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-017707"
form_type: "8-K"
ticker: "MGEE"
cik: "0001161728"
company_name: "MGE ENERGY INC"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T21:43:27.087106+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# MGE Energy FY2023 net income $117.7M ($3.25 EPS), up from $111.0M ($3.07 EPS) YoY

## Summary
- Full-year GAAP EPS $3.25, compared to $3.07 in 2022; Q4 EPS $0.55 vs $0.58.
- Red Barn wind project completed April 2023; Badger Hollow II solar project completed December 2023.
- Gas retail therm deliveries decreased ~13% for full year and ~15% in Q4 due to warmer weather.
- Operating revenues $690.4M for 2023, down from $714.5M in 2022; operating income $146.4M vs $137.7M.

## SEC filing metadata
- accession: 0000950170-24-017707
- form_type: 8-K
- ticker: MGEE
- cik: 0001161728
- company_name: MGE ENERGY INC
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1161728/000095017024017707/0000950170-24-017707-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61339/000095017024017707/mgee-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-017707
- JSON: https://secwatch.observer/filing/0000950170-24-017707.json
- Plain text: https://secwatch.observer/filing/0000950170-24-017707.txt

## Key facts
- Earnings Releases
  MGE ENERGY INC reported fourth quarter and full year of 2023 results: net income $117.7 million, EPS $3.25 per share.
  - Period: fourth quarter and full year of 2023
  - Net income: $117.7 million
  - EPS: $3.25 per share
  - Result: reported results
  source text: MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the fourth quarter and full year of 2023. MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the full year of 2023 were $117.7 million, or $3.25 per share, compared to $111.0 million, or $3.07 per share, for the same period in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1161728/000095017024017707/0000950170-24-017707-index.htm
- Earnings Releases
  MGE ENERGY INC reported fourth quarter of 2023 results: net income $20.1 million, EPS 55 cents per share.
  - Period: fourth quarter of 2023
  - Net income: $20.1 million
  - EPS: 55 cents per share
  - Result: reported results
  source text: MGE Energy's earnings for the fourth quarter of 2023 were $20.1 million, or 55 cents per share, compared to $21.1 million, or 58 cents per share, for the same period in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1161728/000095017024017707/0000950170-24-017707-index.htm

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