---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-065305"
form_type: "8-K"
ticker: "MGEE"
cik: "0001161728"
company_name: "MGE ENERGY INC"
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T07:04:27.175458+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-065305
- form_type: 8-K
- ticker: MGEE
- cik: 0001161728
- company_name: MGE ENERGY INC
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1161728/000095017025065305/0000950170-25-065305-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61339/000095017025065305/mgee-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-065305
- JSON: https://secwatch.observer/filing/0000950170-25-065305.json
- Plain text: https://secwatch.observer/filing/0000950170-25-065305.txt

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