---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-266389"
form_type: "8-K"
ticker: "MGEE"
cik: "0001161728"
company_name: "MGE ENERGY INC"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:11:16.883896+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-266389
- form_type: 8-K
- ticker: MGEE
- cik: 0001161728
- company_name: MGE ENERGY INC
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1161728/000119312525266389/0001193125-25-266389-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61339/000119312525266389/mgee-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-266389
- JSON: https://secwatch.observer/filing/0001193125-25-266389.json
- Plain text: https://secwatch.observer/filing/0001193125-25-266389.txt

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