MGE Energy Q3 EPS $1.22, up from $1.13 YoY; revenue $175.7M

MGE ENERGY INC

2025-Q3 EPS reported $3.08

GAAP EPS $1.22, net income $44.5M, vs $1.13/$40.9M in Q3 2024.
Operating revenues $175.7M, up 4.3% from $168.5M; operating income $51.1M.
Rate base growth from Darien Solar (25 MW, operational Mar 2025) and Paris BESS (11 MW, Jun 2025) drove results.
Non-utility earnings boosted by ~$2.2M venture capital gains supporting smart-energy startups.
Nine-month diluted EPS $3.08 vs $2.72; net income $112.6M vs $98.5M.

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