MGE Energy Q2 2025 GAAP EPS $0.73 vs $0.66 YoY; revenue up 9.4%

MGE ENERGY INC

2025-Q2 EPS reported $1.86

Net income $26.5M ($0.73 diluted EPS) vs $23.8M ($0.66) in Q2 2024.
Operating revenue $159.5M, up 9.4% from $145.7M YoY.
Electric net income increased $3.9M on rate base growth and warmer weather; residential electric sales rose ~5%.
Darien Solar (25 MW) and Paris BESS (11 MW) entered service in March and June 2025 respectively.
Gas net income was steady with minimal variation from prior year.

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