---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-055188"
form_type: "8-K"
ticker: "MGEE"
cik: "0001161728"
company_name: "MGE ENERGY INC"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:44:11.110519+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MGE Energy Q1 2024 EPS $0.93 vs $0.86 YoY; net income $33.8M

## Summary
- GAAP EPS $0.93, up 8% from $0.86 in Q1 2023; net income $33.8M vs $31.1M.
- Operating revenues $191.3M, down 12% from $217.3M due to lower gas revenues.
- Operating income $40.7M, up slightly from $40.0M on higher electric rate base investments.
- Electric net income increased $2.5M; gas net income relatively flat despite warm February.

## SEC filing metadata
- accession: 0000950170-24-055188
- form_type: 8-K
- ticker: MGEE
- cik: 0001161728
- company_name: MGE ENERGY INC
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1161728/000095017024055188/0000950170-24-055188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61339/000095017024055188/mgee-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-055188
- JSON: https://secwatch.observer/filing/0000950170-24-055188.json
- Plain text: https://secwatch.observer/filing/0000950170-24-055188.txt

## Key facts
- Earnings Releases
  MGE ENERGY INC reported first quarter of 2024 results: revenue $191,336, net income $33,814, EPS $0.93.
  - Period: first quarter of 2024
  - Revenue: $191,336
  - Net income: $33,814
  - EPS: $0.93
  - Result: reported results
  source text: flat compared to the first quarter of 2023. MGE Energy, Inc. (In thousands, except per-share amounts) (Unaudited) Three Months Ended March 31, 2024 2023 Operating revenues $ 191,336 $ 217,253 Operating income $ 40,745 $ 40,034 Net income $ 33,814 $ 31,078 Earnings per share - basic $ 0.93 $ 0.86 Earnings per share - diluted $ 0.93 $ 0.86 Weighted average
  evidence_url: https://www.sec.gov/Archives/edgar/data/1161728/000095017024055188/0000950170-24-055188-index.htm

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