MGE Energy Q1 GAAP EPS $1.14, up 23% YoY; revenue $219M

MGE ENERGY INC

2025-Q1 EPS reported $1.14

Net income $41.6M ($1.14 diluted EPS) vs $33.8M ($0.93) in Q1 2024.
Operating revenues $219.0M, up from $191.3M; operating income $52.9M vs $40.7M.
Drivers: rate base investment growth, 25 MW Darien solar plant operational March 2025.
Gas retail sales +19%, electric +3%; weather normalized vs mild prior year.
No updated guidance provided in the release.

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